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Overnight Market News – February 2, 2010

 
  • Oil Giant, BP PLC Swings to Profit with Fourth-Quarter Net Income of USD 4.3B Compared with a Loss of USD 3.3B a Year Ago on Higher Oil Prices
  • Nomura Holdings Inc, Japan’s Biggest Brokerage Posts Third-Quarter Net Income of JPY 10.2B (USD 112mm) Versus Year-Ago Loss of JPY 342.9B as Revenues Surge
  • Cnooc Ltd, China’s Largest Offshore Oil Explorer Plans to Boost Crude Oil and Natural Gas Production by up to 28% in 2010 to Keep Pace with Rising Demand
  • International Air Transport Association (IATA) Forecasts the Global Aviation Industry to Narrow its Losses to USD 5.6B in 2010 from USD 11B Last Year
  • Australia’s Central Bank Unexpectedly Holds Key Interest Rate Steady at 3.7%, Economists Anticipated an Increase to 4.0%
  • Spyker Cars NV Aims to Return Saab Unit to Profitability by 2012, Business Plan Requires Approximately USD 1B in “Peak Funding”
  • Crude Oil Stands at USD 75.10 per Barrel
  • Ethanol Stands at USD 1.79 per Gallon
  • Natural Gas Stands at USD 5.44 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,109.50 per Troy Ounce
  • Dow Jones Industrial Average Rises 118.20 Points (1.17%)
  • London FTSE Index Falls 7.94 Points (-0.15%)
  • Japan Nikkei Index Rises 166.07 Points (1.63%)
  • Hong Kong Hang Seng Index Rises 28.43 Points (0.14%)
  • Brazil Bovespa Index Rises 1,169.97 Points (1.79%)
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