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Monthly Archives: December 2009

Overnight Market News – December 31, 2009

31-Dec-09

The US International Trade Commission Unanimously Votes to Impose Tariffs on Imports of Chinese –Made Steel Pipes, Duties are Set to Range Between 10% and 15% Apple Inc Wins Appeal Over a Lawsuit Which Claimed that the Company’s iPod was Responsible for Hearing Loss After a US Court Upheld a 2008 Ruling Russian Aluminum Firm, [...]

Overnight Market News – December 30, 2009

30-Dec-09

Home and Auto Lender, GMAC Inc Said to be in Talks with the US Government for a Third Bailout of More than USD 3B Japan Sets Economic Expansion Target of More than 2% for the Coming Decade or About Four Times the Pace of the Nation’s Current Growth Rate Kumho Asiana Group Offloads Controlling Interest [...]

Overnight Market News – December 29, 2009

29-Dec-09

United Co Rusal’s Planned Hong Kong IPO Attracts Four Cornerstone Investors Including Billionaire Robert Kuok and Nathaniel Rothschild Economists Expect Today’s US Commerce Department Report to Show that Home Prices Fell by an Annualized 7.2% in October for the Smallest Decline Since 2007 Sumitomo Mitsui Financial Group Inc to Consider Stock Offering Following Calls by [...]

Overnight Market News – December 28, 2009

28-Dec-09

Korea Electric Power Corp Wins USD 20B Four-Year Contract for Nuclear Plants in the United Arab Emirates Japanese Factory Output Rises 2.6% for a Ninth-Straight Month in November 2009, from October 2009 US Holiday Retail Sales Climb 3.6% between November 1, 2009 and December 24, 2009 Compared with the Year-Ago Period Italian Chocolate-Maker Ferrero SpA [...]

Overnight Market News – December 24, 2009

24-Dec-09

China to Deliver on Promise to Spend CNY 1.18T (USD 173B) Before the End of 2010 Wells Fargo & Co, Citigroup Inc Repay Government Aid in the Amounts of USD 25B and USD 20B Respectively Apple Inc Expected to Make Major Product Announcement at January, 26, 2009 San Francisco Event Chevron Corp to Pay USD [...]

Overnight Market News – December 23, 2009

23-Dec-09

Ford Motor Co Agrees on Terms to Sell its Loss-Making Volvo Unit to China’s Zhejiang Geely Holding Group Co, Deal Expected to be Signed in First Quarter 2010 Agostini’s Ltd Advises that it has Signed a Letter of Intent With Victor E Mouttet Ltd (VEML) to Purchase from VEML 100% of the Shareholding of Smith [...]

Overnight Market News – December 22, 2009

22-Dec-09

UK Gross Domestic Product Shrinks Less-Than-Expected in Q03 2009, Declining 0.2% Quarter-Over-Quarter Versus Previous Measurement of a 0.3% Contraction Ford Motor Co Offers Buyout and Early Retirement Incentives to All of its 41,000 US Hourly Workers in Bid to Further Reduce Factory Costs Lloyds Banking Group Plc Agrees to Pay a Minimum of USD 3.6B [...]

Overnight Market News – December 21, 2009

21-Dec-09

Dubai World Meets Creditors to Discuss Debt Repayment, Offers No Proposals to Delay Debt General Motors Corp to Review New Offers for Saab Unit from Spyker Cars, Others after Previous Failed Negotiations Credit Suisse AG Appoints Boon Sim to Head Global Mergers & Acquisitions Division China Announces 2010 Economic Growth Target of 8%, Analysts Expect [...]

Overnight Market News – December 18, 2009

18-Dec-09

Blackberry’s Research in Motion Ltd Third Quarter Net Profit Surges 59% to USD 628.6mm (USD 1.10 per Share) on Strong Overseas Sales, Beating Estimates of USD 1.04 per Share Oracle Corp Posts 13% Increase in Second Quarter Net Profit to USD 1.46B Up from USD 1.3B a Year Earlier,a as Sales of its Computer Programs [...]

Overnight Market News – December 17, 2009

17-Dec-09

Bank of America Corp Appoints Brian T Moynihan as Chief Executive Officer to Replace Kenneth D Lewis Citigroup Inc Prices Share Issue to Repay TARP Funds at USD 3.15 per Share, Prompts US Government to Delay Offloading Stake UK Retail Sales Decline for First Time in Six Months Falling 0.3% in November from October, but [...]