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Overnight Market News – December 2, 2009

 
  • General Motors Co’s Chief Executive Officer, Fritz Henderson Resigns on Request from Automaker’s Board of Directors
  • Dubai World’s Creditors Form Committee Consisting of Six Banks, to Meet with Troubled Conglomerate Next Week
  • Gold Hits Record HI of USD 1,216.75 per Troy Ounce in Europe on Wednesday as Investors Forecast Further Weakening in the Greenback
  • McDonald’s Corp’s Chief Executive Officer (COO) Ralph Alvarez to Retire Effective December 31, 2009 Citing Health Reasons
  • De Beers Group, the World’s Biggest Diamond Producer Announced Plans Raise Up to USD 1B (GBP 607mm) from Rights Issue to Reduce Debt
  • Industrial & Commercial Bank of China in Discussions to Purchase a Stake in Taiwan’s Cathay Financial Holding Co
  • Crude Oil Stands at USD 77.81 per Barrel
  • Ethanol Stands at USD 2.16 per Gallon
  • Natural Gas Stands at USD 4.72 per British Thermal Unit (Btu)
  • Gold Stands at 1,212.40 per Troy Ounce
  • Dow Jones Industrial Average Rises 126.74 Points (1.23%)
  • London FTSE Index Falls 10.20 Points (-0.19%)
  • Japan Nikkei Index Rises 36.74 Points (0.38%)
  • Hong Kong Hang Seng Index Rises 176.42 Points (0.80%)
  • Brazil Bovespa Index Rises 1,363.96 Points (2.03%)
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