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Overnight Market News – August 28, 2009

 
  • Apple Inc and Mobile Service Provider China Unicom Ltd Signs Deal to Bring iPhone to China, the World’s Largest Mobile Market, Phones Set to Go on Sale in Fourth Quarter
  • UK’s Gross Domestic Product (GDP) Shrinks Less-Than-Expected in the Second Quarter to a Revised Fall of 0.7% Compared with 0.8% in the Previous Quarter
  • Second Round Bids for American International Group Inc’s Taiwan Nan Shan Unit Fall Below the Insurer’s USD 2B Target, Creates Concerns that the Deal Could Fall Through
  • Japan’s Unemployment Rate Hit a Record 5.7% in July as Deflation Worsens, Consumer Prices Fall a Record 2.2% in July from a Year Ago
  • General Motors Co May Finalize a Deal to Sell its Hummer Brand to a Chinese Machinery Maker by as Early as Next Week
  • UK House Prices Rise 1.7% in July from the Previous Month to GBP 155,885 (USD 254,302) Recording the Largest Increase in 5 Years
  • Crude Oil Stands at USD 73.19 per Barrel
  • Ethanol Stands at USD 1.72 per Gallon
  • Natural Gas Stands at USD 3.19 per British Thermal Unit (Btu)
  • Gold Stands at USD 954.00 per Troy Ounce
  • Dow Jones Industrial Average Rises 37.11 Points (0.39%)
  • London FTSE Index Rises 49.63 Points (1.02%)
  • Japan Nikkei Index Rises 60.17 Points (0.57%)
  • Hong Kong Hang Seng Index Falls 144.13 Points (-0.71%)
  • Brazil Bovespa Index Falls 61.84 Points (-0.11%)
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