Skip to content

Monthly Archives: March 2010

Overnight Market News – March 31, 2010

31-Mar-10

Citigroup Inc Plans to Spin-Off its Life Insurance and Investment Products Unit, Primerica Inc in an Initial Public Offering (IPO) this Week Cnooc Ltd, China’s Largest Offshore Energy Explorer Posts a 34% Decline in Full-Year Profit to CNY 29.5B from a Record CNY 44.4B a Year Ago Eurozone Inflation Rises to 1.5% in March from [...]

Overnight Market News – March 30, 2010

30-Mar-10

Axa SA and National Australia Bank Ltd Reach Deal to Acquire Asset Manager, Axa Asia Pacific Holdings Ltd for AUD 13.3B (USD 12.3B) UK Q04 2009 Gross Domestic Product Expands at Faster-than-Estimated Pace of 0.4%, Compared with Previous Report of 0.3% Growth UK Antitrust Authorities Fine Royal Bank of Scotland Group Plc GBP 28.6mm (USD [...]

Overnight Market News – March 29, 2010

29-Mar-10

Greece to Sell 7-Year Bonds in First Debt Offering Since EU, IMF Pledged Aid China’s Zhejiang Geely Holding Group Signs Deal to Buy Ford Motor Co’s Volvo Unit for USD 1.8B European Economic Confidence Rises More than Expected in March to 97.7 from 95.9 in February PetroChina Co to Spend USD 60B Over Next Ten [...]

Overnight Market News – March 26, 2010

26-Mar-10

The Eurozone Area Reaches Deal to Help Debt-Burdened Greece, Agreeing to a Safety Net of EUR 22B That Only Becomes Available if the Country Can No Longer Access Funds from Financial Markets General Motors Co Expects to Make Another Payment of USD 1.2B to the US Treasury by the End of March, Aiming to Fully [...]

Overnight Market News – March 25, 2010

25-Mar-10

Dubai Commits USD 9.5B to Dubai World for Debt Restructuring Industrial & Commercial Bank of China Ltd (ICBC) Announces Plans to Sell Up to USD 3.7B Worth of Convertible Bonds to Bolster Balance Sheet Credit Suisse Group AG Increased Chief Executive Officer, Brady Dougan’s Salary by Almost Seven-Fold Last Year to CHF 19.2mm (USD 17.9mm) [...]

Overnight Market News – March 24, 2010

24-Mar-10

China National Offshore Oil Corp (CNOOC) Signs Multi-Billion Dollar Deal With Australia’s BG Group to Purchase 3.5 Tonnes of Liquefied Natural Gas Over the Next 20 Years Lennar Corp Narrows Loss in the First Quarter to USD 6.5mm Compared with a Loss of USD 155.9mm a Year Earlier on Improved Traffic Levels and Higher Backlog [...]

Overnight Market News – March 23, 2010

23-Mar-10

Google Inc Ends Censorship of its Chinese Website, Reroutes Users to Hong Kong Site Japanese Insurer, Dai-ichi Mutual Life Insurance Co to Raise JPY 1.01T (USD 11B) in the Nation’s Biggest IPO in Over a Decade After Pricing its Stock 9.7% Below High End of Range UK Inflation Slows in February as Consumer Prices Rise [...]

Overnight Market News – March 18, 2010

18-Mar-10

Google Inc Teams Up with Intel Corp, Sony Corp to Develop Web-Based TV Platform Called “Google TV” Teva Pharmaceutical Industries Ltd Nears Deal to Acquire Ratiopharm GmbH for EUR 3.5B (USD 4.78B), Beating Out Rival Bids China Mobile Ltd Says Full-Year Profit Increased 2.3% to CNY 115.2B (USD 16.9mm), But Warns Competition is Intensifying Nomura [...]

Overnight Market News – March 17, 2010

17-Mar-10

Bank of England Policy Makers Unanimously Vote to Keep their GBP 200B Bond Repurchase Programme on Hold in March Japan Central Bank Doubles the Amount of Short-Term Loans it Offers Banks to JPY 20T or USD 220B The World Bank Raises its 2010 Economic Growth Forecast for China to 9.5% from 9% Citing Strong Growth [...]

Overnight Market News – March 16, 2010

16-Mar-10

Euro Zone Finance Ministers Agree on Standby Rescue Package for Debt-Stricken Greece, But Remain Mum on Details Royal Dutch Shell Plc Announces Plans to Spend Over USD 100B Through 2014 in Bid to Boost Production Royal Bank of Scotland PLC Mulls Repurchase of GBP 10B in Debt as it Looks to Restructure Balance Sheet Chinese [...]