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Overnight Market News – August 26, 2010

 
  • France’s Second-Largest Bank, Credit Agricole SA Reports an 89% Surge in Q02 2010 Net Income to EUR 379mm (USD 482mm), Topping the EUR 318mm Estimate
  • Industrial & Commercial Bank of China Announces that Q02 2010 Net Income Climbed 38% to a Record CNY 43B (USD 6.3B) on Widened Margins and Heightened Loan Demand
  • The World’s Largest Food Company, Nestle SA, Plans to Substantially Reduce Net Debt from CHF 29.6B through a 52% Sale of Alcon Inc to Novartis AG for USD 28.3B to Maintain AA Rating
  • PetroChina Co Ltd’s First-Half Net Income Rises 29% to CNY 65.3B (USD 9.6B) or CNY 0.36 a Share from CNY 50.5B or CNY 0.28 a Share, Missing Estimate of CNY 68.7B
  • Australian Energy Firm, Santos Ltd Reports a 94% Increase in First-Half Net Profit to AUD 101.7mm (USD 175.4mm) on Higher Oil and Gas Prices Combined with Lower Taxes
  • Crude Oil Stands at USD 73.53 per Barrel
  • Ethanol Stands at USD 1.85 per Gallon
  • Natural Gas Stands at USD 3.88 per British Thermal Unit (Btu)
  • Gold Stands at USD 1,243.30 per Troy Ounce
  • Dow Jones Industrial Average Rises 19.61 Points (0.20%) to 10,060.06
  • London FTSE Index Rises 31.15 Points (0.61%) to 5,140.55
  • Japan Nikkei Index Rises 61.09 Points (0.69%) to 8,906.48
  • Hong Kong Hang Seng Index Falls 22.92 Points (-0.11%) to 20,612.06
  • Brazil Bovespa Index Falls 352.93 Points (-0.54%) to 64,803.43
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