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Overnight Market News – May 18, 2009

 
  • AIG to Seek Asian Subsidiary IPO, Could Raise Over USD 4B
  • Japan’s AAA Foreign Currency Debt Rating Cut to Aa2 by Moody’s
  • Volkswagen Stops Tie-up Talks with Porsche as Not Ready for Merger
  • Europe’s Largest Papermaker, Stora Enso Oyj and Chile’s Celulosa Arauco y Constitucion SA to Purchase USD 344mm of Uruguayan Forest
  • Second-Biggest Home Improvement Retailer, Lowe’s Record’s 21.58% Decline in Profit to USD 476mm in Q01 Ended May 1, 2009
  • Indian Stocks Jump 17% on Elections
  • Crude Oil Stands at USD 57.38 per Barrel
  • Ethanol Stands at USD 1.78 per Gallon
  • Natural Gas Stands at USD 4.10 per British Thermal Unit (Btu)
  • Dow Jones Industrial Average Falls 62.68 Points (-0.75%)
  • London FTSE Index Rises 40.00 Points (0.92%)
  • Japan Nikkei Index Falls 226.33 Points (-2.44%)
  • Hong Kong Hang Seng Index Rises 232.21 Points (1.38%)
  • Brazil Bovespa Index Falls 438.81 Points (-0.89%)
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