Skip to content

Monthly Archives: March 2010

Overnight Market News – March 15, 2010

15-Mar-10

Toyota Motor Corp Reduces Prius Output as Sales Slow Australia’s Arrow Energy Ltd to Decline USD 3B Joint Takeover Bid from Royal Dutch Shell PLC, PetroChina Co Ltd China National Offshore Oil Corp (CNOOC) to Buy 50% Stake in Argentine Oil and Gas Group, Bidas Corp for USD 3.1B BYD Co, the Chinese Automaker Backed [...]

Overnight Market News – March 11, 2010

11-Mar-10

British Oil Giant, BP PLC to Acquire Devon Energy Corp’s Brazilian Assets for USD 7B Japanese Officials Downwardly Revise Fourth Quarter GDP Figures, Report Economy Grew at an Annualized 3.8% Compared with Initial Reading of 4.6% Chinese Consumer Prices Climb to 16-Month High in February, Rising 2.7% from 1.5% in January US Foreclosures Fall 2.3% [...]

Overnight Market News – March 10, 2010

10-Mar-10

UK’s Factory Production Unexpectedly Fall in January for the First Time in Five Months, Dropping 0.9% from December China Mobile Ltd Agrees to Buy 20% of Shanghai Pudong Development Bank Co for USD 5.8B to Expand its Electronic Payment Business Toyota Motors Corp Recalls Tundra Pickups for the 2000 to 2003 Models Addressing the Issue [...]

Overnight Market News – March 9, 2010

09-Mar-10

European Aeronautic, Defence & Space Co (EADS) Swings to Full-Year Net Loss of EUR 763mm (USD 1.04B), Scraps Dividend for First Time in History Cisco Systems Inc Set to Launch New Tools to Enable Network Providers to Create Their Own High-Speed Broadband Networks Northrop Grumman Corp Withdraws Bid for USD 40B Contract with the US [...]

Overnight Market News – March 8, 2010

08-Mar-10

Royal Dutch Shell PLC and PetroChina Co Offer USD 3B to Acquire Australia’s Arrow Energy Ltd American International Group Inc (AIG) Closes in on Deal to Sell Foreign Life Insurance Unit to MetLife for USD 15B in Cash and Stock Kraft Foods Inc Faces UK Probe over Plans to Close a Cadbury PLC Factory it [...]

Overnight Market News – March 5, 2010

05-Mar-10

Today’s US Labor Department Report Likely to Show that the Unemployment Rate Rose to 9.8% in February as Heavy Snowstorms Hit the Jobs Market China Targets 8% Economic Growth in 2010, But Warns it Will Slow the Number of New Investment Projects This Year Government of Singapore Investment Corp Converts CHF 11B (USD 10.2B) of [...]

Overnight Market News – March 4, 2010

04-Mar-10

The European Central Bank is Set to Outline the Next Steps for Stimulus Withdrawal in a Meeting to be Held Later Today Anheuser-Busch InBev NV, the World’s Largest Brewer Reports Earnings Rises to USD 1.28B in the Fourth Quarter of 2009, from USD 29mm a Year Ago Insurer, Aviva Plc Posts 3% Increase in Operating [...]

Overnight Market News – March 3, 2010

03-Mar-10

Greece’s Cabinet Agrees to EUR 4.8B Austerity Programme Aimed at Reducing its Budget Deficit Trough Tax Hikes and Spending Reductions Costco Wholesale Corp Second Quarter Net Profit Rises 25% to USD 299mm on Increased Sales from its International Operations Australia’s Economy Grows in the Fourth Quarter of 2009 by 0.9% from the Prior Quarter, its [...]

Overnight Market News – March 2, 2010

02-Mar-10

US Senators Near Agreement to Create Consumer Protection Agency as Part of Financial Regulatory Reform General Motors Co Recalls 1.3mm Compact Vehicles in North America Over Steering Problems Australia’s Central Bank Raises Key Cash Rate by 25 Basis Points to 4.0%, Signals Further Increases Ahead LyondellBasell Industries AF Reportedly Throws Out USD 14.5B Bid from [...]

Overnight Market News – March 1, 2010

01-Mar-10

HSBC Holdings PLC Profit Climbs By Less-Than-Expected 2% to USD 5.83B UK Insurer, Prudential PLC to Buy American International Group’s (AIG) Asian Life Insurance Business for USD 35.5B Sweden’s Economy Slips Bank into Recession in Fourth Quarter as Investments Slide German Pharmaceutical and Chemical Co, Merck KGaA to Buy Biotech Equipment Firm, Millipore for USD [...]