Spain’s Triple-A Credit Rating Gets Reduced One Level by Moody’s Investor Service which Cited Significant Fiscal Deterioration as the Main Reason for the Downgrade, Outlook Stable Ireland Raises the Cost to Bailout Allied Irish Banks, Plc and Other Stricken Lenders to Almost EUR 50B, Budget Deficit to Increase to 32% of Gross Domestic Product (GDP) [...]
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Tagged AIG Japanese Life Insurance Units, American International Group Japanese Life Insurance, Bailout Allied Irish Banks, Germany Unemployment Rate, Germany Unemployment Rate Falls, Japan Industrial Output, Japan Industrial Output Falls, Overnight Market News, Overnight Markets, Spain Credit Rating, Spain Triple-A Credit Rating, Spanish Credit Rating
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European Economic Confidence Unexpectedly Rises to 103.2 This Month From 102.3 in August, Marking the Highest Level Since January 2008 and Refuting Economists’ Forecast for a Decline to 101.3 Sanofi-Aventis SA Considers Raising its Offer for Genzyme Corp by USD 1.00 or USD 2.00 After its Previous Offer of USD 69.00 a Share was Rejected [...]
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Tagged European Economic Confidence, European Economic Confidence Rises, H & M Hennes & Mauritz AB, H & M Hennes & Mauritz AB Net Income, Nintendo, Nintendo Net Income, Nintendo Net Income Forecast, Overnight Market News, Overnight Markets, Porsche Automobil Holding, Porsche Automobil Holding Revenue, Sanofi-Aventis, Sanofi-Aventis Genzyme
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UK’s Second-Quarter Gross Domestic Product (GDP) Expands 1.2%, Fastest Quarter-Over-Quarter Growth in Nine Years, Fuelled by the Biggest Jump in Government Spending Since 2008 and a Surge in Construction Oracle Corp Sues Micron Technology Inc, Alleging it Artificially Inflated the Price of Computer Memory Chips Sold to its Recently Acquired Sun Microsystems Inc Research In [...]
German Business Confidence Unexpectedly Rises to a Three-Year High of 106.8 in September From 106.7 the Prior Month, Refuting Analysts’ Expectations for a Decline to 106.4 Korea National Oil Corp Wins Control of 64.26% of Dana Petroleum Plc’s Shares in a GBP 1.87B (USD 2.9B) Hostile Takeover France’s Gross Domestic Product Rises 0.7% in Q02 [...]
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Tagged Dana Petroleum, France GDP, France Gross Domestic Product, France’s Gross Domestic Product, German Business Confidence, German Business Confidence Rises, Korea National Oil, Korea National Oil Dana Petroleum, Nike, Nike China, Nike China Orders, Overnight Market News, Overnight Markets
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French Conglomerate, Safran SA to Acquire L-1 Identity Solutions for USD 1.09B in Cash as it Seeks to Expand US Presence Japan’s Nissan Motor Co Plans to Double China Capacity to 1.2mm Units by 2012 in Bid for 10% Share of the World’s Largest Auto Market Cotton Exceeds USD 1.00 per Pound for the First [...]
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Tagged Airbus SAS A320 Upgrade, Cotton Demand, Cotton Price per Pound, L-1 Identity Solutions, Lowell McAdam, Nissan China Capacity, Nissan Motor, Overnight Market News, Overnight Markets, Safran SA, Safran SA L-1 Identity Solutions, UK Business Lending, UK Business Lending Drops, UK Business Lending Falls
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Oracle Corp Reports a 40% Increase in Earnings per Share to USD 0.42 in its Fiscal First Quarter, Exceeding Analysts’ Forecast of USD 0.37 as its New Business Software and Hardware Business Generated Strong Results Johnson & Johnson Bids USD 2.3B For Shares in Crucell NV it Does Not Already Own as it Seeks to [...]
Japan’s Prime Minister Signals Willingness to Keep Intervening to Curb Yen Strength as Sagging Manufacturing Confidence Underscored the Currency’s Threat to the Fragile Economic Recovery UK Retail Sales Contract 0.5% in August versus Calls for a 0.3% Gain, The First Decline Since January as Consumers Reduced Spending on Books, Sporting-Goods and Pharmaceuticals US Foreclosure Filings [...]
Japan Intervenes in the Foreign Exchange Market for the first Time Since 2004 Following a Surge in the Yen to the Strongest Against the USD in 15 Years Which Threatened to Inhibit the Country’s Economic Recovery UK Jobless Claims Unexpectedly Rise 2.3k to 1.47mm in August, its First Gain Since January and Refuting Analysts’ Forecast [...]
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Tagged China Capital Ratio, Homes For Sale Prices, Japan Foreign Exchange Market, Japan Foreign Exchange Market Intervention, Japan FX Intervention, Overnight Market News, Overnight Markets, Pakistan Importing Sugar, Pakistan Sugar, Pakistan Sugar Importation, UK Jobless Claims, UK Jobless Claims Rise, US Home Owners, US Homes For Sale
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The UK Reports 3.1% Inflation in August, Unexpectedly Exceeding Government’s 3% Limit for a Sixth Month as Increased Air Fares, Clothing and Food Prices Offset Reduced Fuel Costs European Industrial Production Unexpectedly Stagnates in July, Following a 0.2% Decline in June and Adding to Signs the Euro Region’s Export-Led Recovery is Losing Momentum Japanese Prime [...]
Global Financial Regulators Agree on New Rules to Strengthen Banks’ Capital Positions and Rein in Excessive Risk Taking in Bid to Limit Future Crises European Union Almost Doubles its 2010 Euro-Zone Economic Growth Forecast, Now Anticipates GDP Expansion of 1.7% Versus 0.9% Previously China to Ease Limitations on Foreign Investments in Several Sectors of the [...]
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Tagged 2010 Euro-Zone Economic Growth Forecast, China Foreign Investments, Eurozone GDP Expansion, Hertz Acquires Thrifty, Hertz Global Holdings, Hertz Global Holdings Thrifty, Hewlett-Packard ArcSight, Overnight Market News, Overnight Markets, Stephen Elop, Stephen Elop Nokia
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