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Overnight Market News – January 4, 2010

 
  • Novartis AG Plans Complete Takeover of Alcon, Inc; to Buy Out Remainder of Shares from Nestle SA and Minority Shareholders for USD 39.3B
  • China Manufacturing Grows at Fastest Pace in 5 Years, HSBC Purchasing Manager Index Rises to 56.1 in December 2009 from 55.7 in November 2009
  • Kraft Foods Inc to Raise its GBP 10B Offer to Purchase Cadbury PLC Over Next Two Weeks
  • Singapore’s Economy Shrinks by Annualized 6.8% in Fourth Quarter of 2009, First Contraction in Three Quarters
  • General Motors Corp’s China Automobile Sales Increased 66.9% to 1.83mm in 2009, Compared with 2008
  • Dubai to Open World’s Tallest Tower Today, Occupancy Rates Expected to Reach 75% this Year
  • Crude Oil Stands at USD 81.00 per Barrel
  • Ethanol Stands at USD 1.95 per Gallon
  • Natural Gas Stands at USD 5.78 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,109.70 per Troy Ounce
  • Dow Jones Industrial Average Falls 120.46 Points (-1.14%)
  • London FTSE Index Rises 36.72 Points (0.68%)
  • Japan Nikkei Index Rises 108.35 Points (1.03%)
  • Hong Kong Hang Seng Index Falls 49.22 Points (-0.23%)
  • Brazil Bovespa Index Rises 292.37 Points (0.43%)
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