Australia Records Third-Quarter Economic Growth of 0.2% from an Expansion of 0.6% in Q02 2009 Abu Dhabi Investment Authority Files Claim to Abort Agreement to Purchase USD 7.5B Worth of Citigroup Inc Shares UK Jobless Claims Fall by 6.3k to 1.63mm in November, First Decline Since February 2008 European Central Bank to Lend Banks EUR [...]
Wells Fargo & Co to Raise USD 10.4B from Share Sale, to Repay USD 25B TARP Bailout Abu Dhabi May Increase Control Over Dubai After Offering USD 10B to its Debt-Laden Neighbor US Taxpayers Expected to Earn Profit of between USD 13B and USD 14B from Citigroup Inc’s Bailout Repayment UK Inflation Rose More than [...]
Abu Dhabi Provides USD 10B Lifeline to Dubai World to Help it Meet its Debt Obligations AMP Ltd, Australia’s Second-Biggest Asset Manager and French Insurer, Axa SA Increase Joint Offer for Axa Asia Pacific Holdings Ltd to AUD 12.9B (USD 11.8B) General Motors Co Reaches Preliminary Deal to Offload Some of its Saab Brand Assets [...]
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Tagged Abu Dhabi, Abu Dhabi Dubai World, AMP Axa, ArcelorMittal, ArcelorMittal Job Cuts, Dubai World, General Motors Saab, Gregory Fleming, Overnight Market News, Overnight Markets, Qantas Airways, Qantas Airways Air Fare Increase
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Royal Dutch Shell Plc and Malaysia’s Petronas Nasional Bhd Wins the Right to Develop Iraq’s Giant Majnoon Oil Field Over a Consortium of France’s Total SA and China National Petroleum Corp China’s Industrial Production Climbs More-Than-Expected in November as Factory Output Rose 19.2% from a Year Earlier, Beating the Average Estimate of 18.2% France to [...]
Citigroup Inc Plans to Repay Portion of Government Aid Via USD 20B Equity Offering that Could be Announced as Early as Today Panasonic Corp Acquires 50.2% Stake in Sanyo Electronic Co for JPY 403.78B (USD 4.6B) Costco Wholesale Corp First Quarter Net Profit Rises to USD 266mm from USD 263mm a Year Ago on Increased [...]
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Tagged Australia Unemployment Rate, Citigroup, Citigroup Government Aid, Costco, Costco Net Profit, Overnight Market News, Overnight Markets, Panasonic, Panasonic Sanyo, Switzerland Bond Purchases, US Foreclosures
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Volkswagen AG Agrees to Buy a 20% Stake in Japanese Carmaker Suzuki Motor Corp for JPY 222.5B or USD 2.5B Giving it Access to Increased Expertise in Small Cars and the Indian Marketplace President Obama is Expected to Announce Later Today That He Will Extend the Life of the USD 700B Financial Bailout Fund Until [...]
Japan Reveals New JPY 7.2T (USD 81B) Economic Stimulus Programme Amid Signs of a Weak Recovery US Consumer Credit Fell for a Ninth Consecutive Month in October, Declining at a Smaller-Than-Expected Annual Rate of USD 3.51B FedEx Corp Says it Expects Fiscal Second Quarter Earnings of USD 1.10 per Share, Topping its Previous Guidance for [...]
US Treasury Department Expects Smaller Loss, Forecasting Only USD 42B of the USD 370B it Lent in Bailout Funds Will Not Be Recovered At the End of November China’s Annual Car Sales and Production Exceed 12mm Units, After Having Never Surpassed 10mm Units in One Year Before US Treasury Department to Delay Selling its 34% [...]
An Italian jury today found U.S. student Amanda Knox and her ex-boyfriend Raffaele Sollecito (an Italian) guilty in the 2007 stabbing death of roommate Meredith Kercher. Knox, 22, was sentenced to 26 years in prison. Raffaele Sollecito, 25, was sentenced to 25 years in prison. The jury found them both guilty of sexual violence and [...]
Bank of America Corp (BAC) Raises USD 19.3B from Securities Sale to Help Finance its USD 45B Repayment to Government US Jobs Data for November to Be Released Today, Economists Expect 125k Job Losses and 10.2% Unemployment Rate Citigroup Inc Says Repayment of TARP Funds Impeded by US Treasury’s Holding of 34% of the Bank [...]