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Monthly Archives: June 2010

Overnight Market News – June 15, 2010

15-Jun-10

Inflation in the UK Eases in May to 3.4% from 3.7% in April, Falling Within the Bank of England’s Target of 3.5% British Sky Broadcasting Group PLC Rejects News Corp’s USD 11.5B for a 61% Stake in the UK Satellite- Television Company, Calls for Higher Offer Germany’s ZEW Economic Sentiment Indicator Falls Sharply this Month [...]

Overnight Market News – June 14, 2010

14-Jun-10

Agricultural Bank of China Ltd Seeks to Raise Record USD 23.1B Via Hong Kong and Shanghai Dual Listing Axa SA, Europe’s Second-Largest Insurer Enters Talks to Offload Part of its UK Life Insurance Arm to Resolution Ltd for GBP 2.75B (USD 4B) US Cable Operator, Cablevision Systems Corp Set to Announce USD 1.36B Acquisition of [...]

Overnight Market News – June 11, 2010

11-Jun-10

Japan’s Prime Minister Warns of Possible Default if the Government Fails to Control its Massive Public Debt BP Plc Mulls Deferring or Reducing its Quarterly Dividend Amid Pressure from the US Government China’s Consumer Prices Rise 3.1% in May from a Year Earlier, Exceeding the Government’s Annual Target of 3% Dell Inc Allocates USD 100mm [...]

Overnight Market News – June 10, 2010

10-Jun-10

Bank of England Holds Key Interest Rate Steady at Record LO of 0.5% Ahead of June 22nd Budget Announcement Brazil’s Senate Set to Approve Bill to Allow Petroleo Brasileiro SA to Sell USD 25B in Shares as the State Owned Oil Company Looks to Strengthen its Balance Sheet British Airways Plc’s CEO Willie Walsh Turns [...]

Overnight Market News – June 9, 2010

09-Jun-10

Banco Santander SA, Spain’s Biggest Bank Agrees to Pay USD 2.5B to Reacquire 24.9% Stake in its Mexican Unit from Bank of America Corp Healthcare Software Company, Allscripts-Misys Healthcare Solutions Inc to Buy Rival, Eclipsys Corp for USD 1.3B in Stock Spain’s Inditex SA, the World’s Biggest Clothing Retailer by Revenue Posts 64% Climb in [...]

Overnight Market News – June 8, 2010

08-Jun-10

Swiss Parliament Votes to Reject UBS AG Tax Deal to Transfer Bank Data From 4,450 American Clients Suspected of Tax Evasion Apple Inc Unveils New iPhone 4, as it further competes with rivals in smartphone market China Railway Engineering Corp Buys Majority Stake in Venezuela Gold Project to Develop the 17mm -Ounce Vast Las Cristinas [...]

Overnight Market News – June 4, 2010

04-Jun-10

US Non-Farm Payroll Report to Be Released at 12:30 GMT is Expected to Show Increase of 513k Jobs in May, Lowering the Unemployment Rate to 9.8% UK House Prices Unexpectedly Decline in May, as the Average Cost of a Home Falls 0.4% to GBP 167,570 (USD 245,875) Canada Adds 24,700 Jobs in May for the [...]

Overnight Market News – June 3, 2010

03-Jun-10

JPMorgan Securities Ltd Fined By USD 49.2mm From British Regulators, For Not Accurately Separating Client Funds From Firm Accounts Fitch Ratings Downgrades BP PLc’s Long Term Issuer Default Rating and Senior Unsecured Rating to AA from AA+, Placed on Negative Watch Assicurazioni Generali SpA Europe’s Third Biggest Insurer, Is Said To Be Interested in Assets [...]

Overnight Market News – June 2, 2010

02-Jun-10

Prudential Financial Inc Ends USD 35.5B Bid to Takeover American International Group Inc’s Asia Unit Google Inc Expects to Release its Chrome Operating System (OS) for Computers in Late Fall in an Effort to Rival Microsoft Corp’s Windows OS Telefonica SA Raises Offer for Portugal’s Telecom SA’s Indirect Stake in Vivo Participacoes SA to EUR [...]

Overnight Market News – June 1, 2010

01-Jun-10

Prudential Inc Fails to Secure Price Cut for American International Group’s Asian Unit, Deal Near Collapse Euro Slides to Four Year Low, on Euro-zone Jobs Concerns and Rising Bank Debts Google Inc Phases Out Internal Use of Microsoft Windows Operating System Due to Security Concerns Following Chinese Hacking Incident Hewlett-Packard to Invest USD 1B to [...]