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Overnight Market News – August 25, 2009

 
  • US President Obama to Reappoint Ben Bernanke for Second Term as Federal Reserve Head
  • UK Mortgage Approvals Rise to 38,181 in July from June’s 35,564, Highest Level Since February 2008
  • Staples Inc Posts 38% Plunge in Second Quarter Net Income to USD 92.4mm as Companies Reduced Spending on Office Supplies
  • Lowe’s Cos Inc Enters into Joint Venture with Woolworths Ltd to Tap Australia’s USD 20B Home Improvement Market, Partnership Plans to Open 150 Stores Over Next 5 Years
  • Australian Brewer, Foster’s Group Ltd Reports Surge in Full-Year Profit to AUD 438.4mm vs AUD 111.7mm a Year Ago, But Warns that Wine Market Remains Challenging
  • Aluminum Corp of China Ltd (Chalco) Posts Third Straight Quarterly Loss of CNY 1.63B (USD 238.6mm) Compared with Earnings of CNY 1.14B a Year Ago
  • Crude Oil Stands at USD 74.37 per Barrel
  • Ethanol Stands at USD 1.74 per Gallon
  • Natural Gas Stands at USD 2.92 per British Thermal Unit (Btu)
  • Gold Stands at USD 942.30 per Troy Ounce
  • Dow Jones Industrial Average Rises 3.32 Points (0.03%)
  • London FTSE Index Falls 8.34 Points (-0.17%)
  • Japan Nikkei Index Falls 83.69 Points (-0.79%)
  • Hong Kong Hang Seng Index Falls 100.70 Points (-0.49%)
  • Brazil Bovespa Index Rises 46.78 Points (0.08%)
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