- British Oil Giant, BP PLC to Acquire Devon Energy Corp’s Brazilian Assets for USD 7B
- Japanese Officials Downwardly Revise Fourth Quarter GDP Figures, Report Economy Grew at an Annualized 3.8% Compared with Initial Reading of 4.6%
- Chinese Consumer Prices Climb to 16-Month High in February, Rising 2.7% from 1.5% in January
- US Foreclosures Fall 2.3% in February from January, But Rise 6% Year-Over-Year
- International Air Transport Association (IATA) Gives Improved Outlook, Forecasts the Airline Industry Will Incur a USD 2.8B in 2010, Half the USD 5.6B it Previously Estimated
- BMW AG Full-Year Net Income Declines to EUR 210mm (USD 287mm) from EUR 330mm a Year Ago, But Tops Analysts’ Estimates of EUR 167mm
- Crude Oil Stands at USD 82.13 per Barrel
- Ethanol Stands at USD 1.62 per Gallon
- Natural Gas Stands at USD 4.53 per British Thermal Unit (Btu)
- Gold Stands at USD 1,107.50 per Troy Ounce
- Dow Jones Industrial Average Rises 2.95 Points (0.03%)
- London FTSE Index Falls 1.18 Points (-0.02%)
- Japan Nikkei Index Rises 101.03 Points (0.96%)
- Hong Kong Hang Seng Index Rises 19.91 Points (0.09%)
- Brazil Bovespa Index Rises 402.90 Points (0.58%)
Filed in Finance
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Tagged BMW AG, BMW AG Net Income, BP PLC, BP PLC Devon Energy, China Consumer Prices, Chinese Consumer Prices, Devon Energy Brazil, International Air Transport Association, International Air Transport Association Forecast, International Air Transport Association Outlook, Japan Fourth Quarter GDP, Japan GDP, Overnight Market News, Overnight Markets, US Foreclosures
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- UK’s Factory Production Unexpectedly Fall in January for the First Time in Five Months, Dropping 0.9% from December
- China Mobile Ltd Agrees to Buy 20% of Shanghai Pudong Development Bank Co for USD 5.8B to Expand its Electronic Payment Business
- Toyota Motors Corp Recalls Tundra Pickups for the 2000 to 2003 Models Addressing the Issue of a Possible Corrosion to Part of the Truck’s Frame
- Germany’s Exports Surprisingly Fall 6.3% In January from the Prior Month in its First Monthly Decline Since August 2009 and the Biggest Since January 2009
- China Exports Strongly Expand for the Third Straight Month in February Rising 45.7% from a Year Earlier, While Imports Grew 44.7%
- Barclays Plc Looks to Buy a Retail Bank in the US in a Effort to Counterbalance its Investment Bank Arm
- Crude Oil Stands at USD 81.87 per Barrel
- Ethanol Stands at USD 1.72 per Gallon
- Natural Gas Stands at USD 4.52 per British Thermal Unit (Btu)
- Gold Stands at USD 1,127.40 per Troy Ounce
- Dow Jones Industrial Average Rises 11.86 Points (0.11%)
- London FTSE Index Rises 0.38 Points (0.01%)
- Japan Nikkei Index Falls 3.73 Points (-0.04%)
- Hong Kong Hang Seng Index Rises 0.74 Points (0.00%)
- Brazil Bovespa Index Rises 1,000.91 Points (1.46%)
Filed in Finance
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Tagged Barclays PLC, Barclays US Bank, China Exports, China Mobile, German Exports, Germany Exports, Germany’s Exports, Shanghai Pudong Development Bank, Toyota Recall, Toyota Tundra Recall, Tundra 2000 Pickups Recall, Tundra Pickups Recall, UK Factory Production
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- European Aeronautic, Defence & Space Co (EADS) Swings to Full-Year Net Loss of EUR 763mm (USD 1.04B), Scraps Dividend for First Time in History
- Cisco Systems Inc Set to Launch New Tools to Enable Network Providers to Create Their Own High-Speed Broadband Networks
- Northrop Grumman Corp Withdraws Bid for USD 40B Contract with the US Air Force, Paving the Way for Boeing Co to Win Deal
- Sony Corp to Debut 3D Televisions in Japan This June in Bid to Boost Market Share
- Texas Instruments Inc Raises First Quarter Outlook on Improving Demand for its Chips, Now Expects Earnings of Between USD 0.48 and USD 0.52 per Share
- Global Insurance Broker, Marsh & McLennan Companies, Inc Likely to Offload its Kroll Consulting Business for USD 1.3B
- Crude Oil Stands at USD 81.03 per Barrel
- Ethanol Stands at USD 1.63 per Gallon
- Natural Gas Stands at USD 4.53 per British Thermal Unit (Btu)
- Gold Stands at USD 1,123.10 per Troy Ounce
- Dow Jones Industrial Average Falls 13.68 Points (-0.13%)
- London FTSE Index Falls 30.56 Points (-0.55%)
- Japan Nikkei Index Falls 18.27 Points (-0.17%)
- Hong Kong Hang Seng Index Rises 10.68 Points (0.05%)
- Brazil Bovespa Index Falls 271.03 Points (-0.39%)
Filed in Finance
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Tagged 3D Televisions JaPAN, Cisco Systems, European Aeronautic Defence & Space, Kroll Consulting Business, Marsh & McLennan, New Cisco Systems Tools, Northrop Grumman, Northrop Grumman Bid, Northrop Grumman US Air Force, Overnight Market News, Overnight Markets, Sony 3D Televisions
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- Royal Dutch Shell PLC and PetroChina Co Offer USD 3B to Acquire Australia’s Arrow Energy Ltd
- American International Group Inc (AIG) Closes in on Deal to Sell Foreign Life Insurance Unit to MetLife for USD 15B in Cash and Stock
- Kraft Foods Inc Faces UK Probe over Plans to Close a Cadbury PLC Factory it Said it Would Keep Open
- India’s Essar Group Plans to Raise USD 3B Overseas to Finance Acquisitions, Expand Oil, Power and Steel Businesses
- France’s President, Nicolas Sarkozy Says Eurozone Ready to Rescue Greece if Necessary
- Warren Buffet-Backed Automaker, BYD Co to Begin Selling Electric and Hybrid Cars in Western Europe Next Year
- Crude Oil Stands at USD 82.09 per Barrel
- Ethanol Stands at USD 1.62 per Gallon
- Natural Gas Stands at USD 4.52 per British Thermal Unit (Btu)
- Gold Stands at USD 1,137.50 per Troy Ounce
- Dow Jones Industrial Average Rises 122.06 Points (1.17%)
- London FTSE Index Falls 10.29 Points (-0.18%)
- Japan Nikkei Index Rises 216.96 Points (2.09%)
- Hong Kong Hang Seng Index Rises 408.90 Points (1.97%)
- Brazil Bovespa Index Rises 1,031.79 Points (1.52%)
Filed in Finance
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Tagged American International Group, American International Group MetLife, Arrow Energy, BYD, BYD Western Europe, Essar Group, Kraft Foods, Kraft Foods Cadbury, Kraft Foods UK, Nicolas Sarkozy, Overnight Market News, Overnight Markets, PetroChina, Rescue Greece, Royal Dutch Shell
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- Today’s US Labor Department Report Likely to Show that the Unemployment Rate Rose to 9.8% in February as Heavy Snowstorms Hit the Jobs Market
- China Targets 8% Economic Growth in 2010, But Warns it Will Slow the Number of New Investment Projects This Year
- Government of Singapore Investment Corp Converts CHF 11B (USD 10.2B) of Notes into UBS AG Stock, Becoming the Bank’s Biggest Shareholder with a 6.6% Stake
- MetLife Nears USD 15B Agreement to Acquire American International Group Inc’s American Life Insurance Co (ALICO) Business
- WPP Plc, the World’s Biggest Advertising Company Posts Flat 2009 Earnings of GBP 437.7mm (USD 657.9mm) on Job Cut Costs
- UK Supermarket Giant, J Sainsbury Plc Announces Plans to Expand into Non-Food Products Including Electronics, Entertainment and Sports Equipment
- Crude Oil Stands at USD 80.65 per Barrel
- Ethanol Stands at USD 1.60 per Gallon
- Natural Gas Stands at USD 4.57 per British Thermal Unit (Btu)
- Gold Stands at USD 1,132.60 per Troy Ounce
- Dow Jones Industrial Average Rises 47.38 Points (0.46%)
- London FTSE Index Rises 18.00 Points (0.33%)
- Japan Nikkei Index Rises 223.24 Points (2.2%)
- Hong Kong Hang Seng Index Rises 212.19 Points (1.03%)
- Brazil Bovespa Index Rises 173.73 Points (0.26%)
- The European Central Bank is Set to Outline the Next Steps for Stimulus Withdrawal in a Meeting to be Held Later Today
- Anheuser-Busch InBev NV, the World’s Largest Brewer Reports Earnings Rises to USD 1.28B in the Fourth Quarter of 2009, from USD 29mm a Year Ago
- Insurer, Aviva Plc Posts 3% Increase in Operating Profit to GBP 3.48B, up from GBP 3.37B in 2008 on Cost Cuts and a Stronger Financial Market
- Greece Begins 10-Year Bond Issue in Hopes of Raising Between EUR 3B and EUR 5B in an Effort to Meet Short-Term Funding Gaps
- Royal Bank of Canada First Quarter Profit Rises 35% to CAD 1.5B from CAD 1.11B as Earnings from its Investment Bank Nearly Doubled
- China Plans to Boost its Defense Spending by 7.5% to USD 78B in 2010, the Smallest Increase in a Decade
- Crude Oil Stands at USD 80.57 per Barrel
- Ethanol Stands at USD 1.76 per Gallon
- Natural Gas Stands at USD 4.75 per British Thermal Unit (Btu)
- Gold Stands at USD 1,139.20 per Troy Ounce
- Dow Jones Industrial Average Falls 9.22 Points (-0.09%)
- London FTSE Index Falls 3.56 Points (-0.06%)
- Japan Nikkei Index Falls 107.42 Points (-1.05%)
- Hong Kong Hang Seng Index Falls 301.01 Points (-1.44%)
- Brazil Bovespa Index Falls 137.81 Points (-0.20%)
- Greece’s Cabinet Agrees to EUR 4.8B Austerity Programme Aimed at Reducing its Budget Deficit Trough Tax Hikes and Spending Reductions
- Costco Wholesale Corp Second Quarter Net Profit Rises 25% to USD 299mm on Increased Sales from its International Operations
- Australia’s Economy Grows in the Fourth Quarter of 2009 by 0.9% from the Prior Quarter, its Largest Quarterly Gain Since March 2008
- Mitsubishi Motors Corp and PSA Peugeot Citroen End Talks on Capital Alliance, But Will Instead Seek to Expand their Current Partnership
- Crude Oil Stands at USD 79.91 per Barrel
- Ethanol Stands at USD 1.78 per Gallon
- Natural Gas Stands at USD 4.71 per British Thermal Unit (Btu)
- Gold Stands at USD 1,137.20 per Troy Ounce
- Dow Jones Industrial Average Rises 2.19 Points (0.02%)
- London FTSE Index Falls 3.73 Points (-0.07%)
- Japan Nikkei Index Rises 31.30 Points (0.31%)
- Hong Kong Hang Seng Index Falls 29.32 Points (-0.14%)
- Brazil Bovespa Index Rises 551.23 Points (0.82%)
- US Senators Near Agreement to Create Consumer Protection Agency as Part of Financial Regulatory Reform
- General Motors Co Recalls 1.3mm Compact Vehicles in North America Over Steering Problems
- Australia’s Central Bank Raises Key Cash Rate by 25 Basis Points to 4.0%, Signals Further Increases Ahead
- LyondellBasell Industries AF Reportedly Throws Out USD 14.5B Bid from Reliance Industries Ltd
- Japan’s Unemployment Rate Unexpectedly Declines to Ten-Month LO of 4.9% in January from a Revised 5.2% in December
- Crude Oil Stands at USD 78.50 per Barrel
- Ethanol Stands at USD 1.69 per Gallon
- Natural Gas Stands at USD 4.72 per British Thermal Unit (Btu)
- Gold Stands at USD 1,116.90 per Troy Ounce
- Dow Jones Industrial Average Rises 78.53 Points (0.76%)
- London FTSE Index Rises 19.30 Points (0.36%)
- Japan Nikkei Index Rises 49.78 Points (0.49%)
- Hong Kong Hang Seng Index Falls 150.82 Points (-0.72%)
- Brazil Bovespa Index Rises 724.66 Points (1.09%)
- HSBC Holdings PLC Profit Climbs By Less-Than-Expected 2% to USD 5.83B
- UK Insurer, Prudential PLC to Buy American International Group’s (AIG) Asian Life Insurance Business for USD 35.5B
- Sweden’s Economy Slips Bank into Recession in Fourth Quarter as Investments Slide
- German Pharmaceutical and Chemical Co, Merck KGaA to Buy Biotech Equipment Firm, Millipore for USD 7.2B
- Copper Sees Biggest Gain in 11 Months, of 6.2%, as Earthquake in the World’s Biggest Supplier, Chile Halts Production
- Private Equity Firm, TPG Emerges as Front-Runner to Buy Dow Chemical Co’s Styron Plastics Business for Over USD 1.5B
- Crude Oil Stands at USD 80.45 per Barrel
- Ethanol Stands at USD 1.71 per Gallon
- Natural Gas Stands at USD 4.78 per British Thermal Unit (Btu)
- Gold Stands at USD 1,121.50 per Troy Ounce
- Dow Jones Industrial Average Rises 4.23 Points (0.04%)
- London FTSE Index Rises 37.75 Points (0.71%)
- Japan Nikkei Index Rises 46.03 Points (0.45%)
- Hong Kong Hang Seng Index Rises 448.23 Points (2.17%)
- Brazil Bovespa Index Rises 382.23 Points (0.58%)
Filed in Finance
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Tagged Copper Prices, HSBC Holdings, HSBC Holdings Profit, Merck, Merck Millipore, Overnight Market News, Overnight Markets, Prudential AIG Asian Life Insurance, Prudential PLC, Sweden Economic Recession, Sweden Recession, TPG
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- Lloyds Banking Group Plc Posts an Operating Loss of GBP 6.3B for its Fiscal Year 2009, Slightly Down from a Loss of GBP 6.7B a Year Ago as Impairment Charges Grew by 60%
- UK’s Gross Domestic Product (GDP) Growth is Upwardly Revised for the Final Three Months in 2009 Unexpectedly Rising to 0.3%, up from the Initial Estimate of 0.1%
- General Electric Corp Agrees to Sell its Hong Kong Consumer Finance Business to Standard Chartered Bank Plc For an Undisclosed Amount in its Latest String of Divestments in Asia
- Japan Airlines Corp Reports a Massive Loss of JPY 177.9B for its Nine-Month Period from a Loss of JPY 1.9B a Year Earlier
- China Mobile Communications Corp May Buy 20% Stake in Shanghai Pudong Development Bank Co for Approximately CNY 40B in a Effort to Replenish its Capital Base
- Jaguar Land Rover Posts its First Quarterly Profit of USD 90mm Since Being Acquired by India’s Tata Motors Ltd in 2008 for the Quarter Ended December 31, 2009
- Crude Oil Stands at USD 78.48 per Barrel
- Ethanol Stands at USD 1.81 per Gallon
- Natural Gas Stands at USD 4.81 per British Thermal Unit (Btu)
- Gold Stands at USD 1,112.00 per Troy Ounce
- Dow Jones Industrial Average Falls 53.13 Points (-0.51%)
- London FTSE Index Rises 50.54 Points (0.96%)
- Japan Nikkei Index Rises 24.07 Points (0.24%)
- Hong Kong Hang Seng Index Rises 209.13 Points (1.03%)
- Brazil Bovespa Index Rises 326.27 Points (0.50%)
Filed in Finance
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Tagged China Mobile Communications, General Electric, Jaguar Land Rover, Japan Airlines, Japan Airlines Loss, Lloyds Banking Group, Lloyds Banking Group Operating Loss, Overnight Market News, Overnight Markets, Shanghai Pudong Development Bank, UK GDP, UK Gross Domestic Product
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