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Overnight Market News – August 12, 2009

 
  • Lloyds Banking Group to Sell Insight Investment Management Ltd to Bank of New York Mellon Corp for GBP 235mm or USD 386mm
  • BHP Billiton Ltd, the World’s Largest Miner Reports 65% Decline in Profits to USD 3.26B for Six Months Ended June on Fall-Off in Metal Prices and Demand
  • UK Unemployment Rises to Highest Level Since 1995 Losing 220k Jobs to 2.44mm in the Three Months Through June, Pushing the Jobless Rate to 7.8%
  • European Industrial Production Unexpectedly Falls in June by 0.6% from a Month Ago, Led by 4.2% Decline in Production of Consumer Durable Goods
  • Scandinavian Airline, SAS AG Second Quarter Net Loss Widens to USD 143mm, Plans to Slash 1,500 More Jobs in Cost Cutting Efforts
  • ING Groep NV, Dutch Financial Company Second Quarter Profit Falls 96% to EUR 71mm Down from EUR 1.92B a Year Ago on Rising Risk Provisions
  • Crude Oil Stands at USD 69.69 per Barrel
  • Ethanol Stands at USD 1.64 per Gallon
  • Natural Gas Stands at USD 3.55 per British Thermal Unit (Btu)
  • Gold Stands at USD 947.30 per Troy Ounce
  • Dow Jones Industrial Average Falls 96.50 Points (-1.03%)
  • London FTSE Index Rises 27.72 Points (0.59%)
  • Japan Nikkei Index Falls150.46 Points (-1.42%)
  • Hong Kong Hang Seng Index Falls 638.97 Points (-3.03%)
  • Brazil Bovespa Index Falls 1,068.85 Points (-1.88%)
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