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Overnight Market News – December 23, 2009

 
  • 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 Robertson & Company Ltd and SuperPharm Ltd
  • Glencore International AG Sells as Much as USD 2.2B in Convertible Bonds in What May be Seen as the Company’s First Step Towards an Initial Public Offering (IPO)
  • Australian Investment Bank, Macquarie Group Ltd is Set to Acquire Germany’s Sal Oppenheim Jr & Cie’s Equity Trading and Derivatives Unit for a Price Yet to be Disclosed
  • Mining Giant, Rio Tinto Ltd Formally Accepts Australia’s Amcor Ltd’s USD 2B Offer for Four Units of its Alcan Packaging Businesses
  • Bank of England Policy Makers Unanimously Vote to Maintain their Bond Purchase Plan at GBP 200B or USD 320B in December
  • Crude Oil Stands at USD 74.69 per Barrel
  • Ethanol Stands at USD 1.97 per Gallon
  • Natural Gas Stands at USD 5.69 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,082.50 per Troy Ounce
  • Dow Jones Industrial Average Rises 50.79 Points (0.49%)
  • London FTSE Index Rises 45.71 Points (0.86%)
  • Japan Nikkei Index Rises 194.56 Points (1.91%)
  • Hong Kong Hang Seng Index Rises 236.70 Points (1.12%)
  • Brazil Bovespa Index Rises 1,492.74 Points (2.26%)
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