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Overnight Market News – March 26, 2010

 
  • 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 Repay its Debts by June 2010
  • Mergers & Acquisitions Rises 18% Worldwide to USD 520.4B in the First Quarter of 2010 from the Prior Year, But Falls 16% from Previous Quarter
  • Japan’s Consumer Prices Fall for the Twelfth Straight Month in February by 1.2%, Increasing Concerns About Deflation and a Stalled Economic Recovery
  • Russia’s Central Bank Cuts Interest Rates by a Quarter Percentage Point to a Record LO of 8.25% in an Effort to Boost Lending
  • Swiss Banking Giant, UBS AG Cuts About 200 Jobs in its US Brokerage Unit Which Totals 1.2% of the Company’s 16,295 Employees
  • Crude Oil Stands at USD 81.30 per Barrel
  • Ethanol Stands at USD 1.61 per Gallon
  • Natural Gas Stands at USD 3.98 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,099.90 per Troy Ounce
  • Dow Jones Industrial Average Rises 5.06 Points (0.05%)
  • London FTSE Index Falls 21.54 Points (-0.38%)
  • Japan Nikkei Index Rises 167.52 Points (1.55%)
  • Hong Kong Hang Seng Index Rises 274.56 Points (1.32%)
  • Brazil Bovespa Index Falls 471.74 Points (-0.68%)
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