- Barclays Plc, Britain’s Third-Largest Bank, Names President Robert Diamond as Chief Executive Officer (CEO) to Succeed John Varley
- Oracle Corp Hires Former Hewlett-Packard Co CEO Mark Hurd as President and Member of the Board, Reporting to CEO Larry Ellison
- The Bank of Japan (BOJ) Holds Interest Rates at 0.1% and Delays New Policy Steps, Stating that Appropriate and Timely Action Will be Taken When Necessary
- The US Justice Department Probes Google Inc’s Takeover of Airline Ticketing Software Firm ITA Software, Inc, to Determine if the Deal Will Exert Excessive Influence on the Online Travel Industry
- American International Group (AIG) to Seek Hong Kong Listing Committee Approval on September 21, 2010, for its Asian life Insurance Unit Initial Public Offering (IPO) to Raise USD 15B
- The Reserve Bank of Australia (RBA) Announces its Decision to Maintain its Key Cash Rate at 4.5% Amid Cooled Inflation from Past Rate Hikes
- Crude Oil Stands at USD 72.85 per Barrel
- Ethanol Stands at USD 1.88 per Gallon
- Natural Gas Stands at USD 3.86 per British Thermal Unit (Btu)
- Gold Stands at USD 1,248.90 per Troy Ounce
- US Markets Were Closed Yesterday
- London FTSE Index Falls 55.71 Points (-1.02%) to 5,383.48
- Japan Nikkei Index Falls 75.32 Points (-0.81%) to 9226.00
- Hong Kong Hang Seng Index Rises 46.02 Points (0.22%) to 21,401.79
- Brazil Bovespa Index Rises 68.68 Points (0.10%) to 66,747.30
Filed in Finance
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Tagged Bank of Japan Interest Rates, Google ITA Software, Google Justice Department, Japan Interest Rates, John Varley, Mark Hurd, Overnight Market News, Overnight Markets, Reserve Bank of Australia Key Cash Rate, Robert Diamond, Robert Diamond Barclays
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- Pernod Ricard SA Posts a 0.6% Increase in Full-Year Net Income to EUR 951mm as Declined Sales in Western Europe and the US Offset Growth in China
- China Steps up Attempts to Obstruct BHP Billiton Ltd’s Hostile Takeover of Potash Corp of Saskatchewan Inc Amid Worries about Future Fertilizer Supply Needed to Boost Food Production
- Sony Corp Announces Qriocity, a Video and Music Streaming Service to be Launched in Five European Countries to Challenge Apple Inc’s iTunes Store
- Lehman Brothers Holdings Inc Says its Two Struggling Units Need Capital Injections to Avoid Failure that Could Cost the Bankrupt US Investment Bank Billions
- Costco Wholesale Corp Reports a 7% Rise in Same-Store Sales in August, Aided by a Surge in Gasoline Prices and Foreign Currency Gains
- Sweden’s Riksbank Raises its Benchmark Lending Rate to 0.75%, Citing a Pickup in Exports and an Improved Labor Market
- Crude Oil Stands at USD 73.58 per Barrel
- Ethanol Stands at USD 1.94 per Gallon
- Natural Gas Stands at USD 3.75 per British Thermal Unit (Btu)
- Gold Stands at USD 1,246.90 per Troy Ounce
- Dow Jones Industrial Average Rises 254.75 Points (2.54%) to 10,269.47
- London FTSE Index Falls 8.59 Points (-0.16%) to 5,357.82
- Japan Nikkei Index Rises 135.82 Points (1.52%) to 9062.84
- Hong Kong Hang Seng Index Rises 245.09 Points (1.19%) to 20,868.92
- Brazil Bovespa Index Rises 1,927.08 Points (2.96%) to 67,0720.53
Filed in Finance
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Tagged BHP Billiton Hostile Takeover Potash Corp, Costco Same-Store Sales, Lehman Brothers Holdings, Lehman Brothers Holdings Capital Injection, Overnight Market News, Overnight Markets, Pernod Ricard Net Income, Pernod Ricard SA, Qriocity Streaming, Riksbank Lending Rate, Sony Qriocity
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- Growth in Europe’s Manufacturing Industry Slows to 55.1 in August From 56.7 in the Prior Month, Indicating Expansion Despite the Decline in Export Demand to its Lowest Level in Seven Months
- Toyota Motor Corp Leads a 47% Increase in Japan’s Auto Sales to 290,789 in August From a Year Earlier, Marking the Biggest Gain in 38 Years
- Vivendi SA Raises its Full-Year Outlook After Reporting a 4% Increase in First-Half Profit to EUR 1.53B, Exceeding Analysts’ Forecast of EUR 1.49B
- China’s Purchasing Managers’ Index Rises to 51.7 in August From 51.2 in the Prior Month, Signaling Stabilization in the Growth of the Economy
- Crude Oil Stands at USD 72.56 per Barrel
- Ethanol Stands at USD 1.94 per Gallon
- Natural Gas Stands at USD 3.78 per British Thermal Unit (Btu)
- Gold Stands at USD 1,252.30 per Troy Ounce
- Dow Jones Industrial Average Rises 4.99 Points (0.05%) to 10,014.72
- London FTSE Index Rises 87.21 Points (1.67%) to 5,312.43
- Japan Nikkei Index Rises 102.96 Points (1.17%) to 8,927.02
- Hong Kong Hang Seng Index Rises 87.34 Points (0.43%) to 20,623.83
- Brazil Bovespa Index Rises 884.66 Points (1.38%) to 65,145.45
- India’s Gross Domestic Product (GDP) Grows 8.8% in the Three Months through June, the Highest since 2007 and Adding Pressure on Interest Rates
- BHP Billiton Ltd Denies Speculation that it Plans to Divest Some of Potash Corp of Saskatchewan Inc’s Assets if it Succeeds in its USD 38.6B Hostile Bid for the Fertilizer Maker
- Russia’s United Company RUSAL Announces First-Half Net Profit of USD1.23B versus Net Loss of USD 868mm a Year Ago, Plans Russian Listing
- Research In Motion Ltd Averts Blackberry Ban in India for at Least Two More Months after Agreeing to Give Security Officials Access to Encrypted Data
- German Unemployment Falls in August by a Seasonally Adjusted 17k to 3.19mm, the Lowest since November 2008
- Japanese Output Gains 0.3% from June after Declining 1.1% in June as a Stronger Yen Fails to Discourage Investment
- Crude Oil Stands at USD 73.73 per Barrel
- Ethanol Stands at USD 1.94 per Gallon
- Natural Gas Stands at USD 3.84 per British Thermal Unit (Btu)
- Gold Stands at USD 1,234.00 per Troy Ounce
- Dow Jones Industrial Average Falls 140.92 Points (-1.39%) to 10,009.73
- London FTSE Index Falls 47.37 Points (-0.91%) to 5,154.19
- Japan Nikkei Index Falls 325.20 Points (-3.55%) to 8,824.06
- Hong Kong Hang Seng Index Falls 200.73 Points (-0.97%) to 20,536.49
- Brazil Bovespa Index Falls 1,324.35 Points (-2.02%) to 64,260.79
- The Boeing Co Further Delays the Delivery of its 787 Dreamliner to Q01 2011 After a Rolls-Royce PLC Engine Blew Up in Testing
- Dell Inc Matches Hewlett-Packard Co’s USD 1.8B Bid For 3Par Inc, Marking the Fifth Public Offer in an Escalating Bidding War
- UK’s Gross Domestic Product Rises 1.2% in Q02 2010 From the Previous Quarter, Surpassing Economists’ Forecast 1.1% Rise
- Canada Pension Plan Investment Board Agrees to Purchase Intoll Group for USD 3B, Gaining Stake in Toll Roads in Toronto and Sydney
- Crude Oil Stands at USD 73.62 per Barrel
- Ethanol Stands at USD 1.91 per Gallon
- Natural Gas Stands at USD 3.81 per British Thermal Unit (Btu)
- Gold Stands at USD 1,237.00 per Troy Ounce
- Dow Jones Industrial Average Falls 74.25 Points (0.74%) to 9,985.81
- London FTSE Index Falls 5.27 Points (0.10%) to 5,150.57
- Japan Nikkei Index Rises 84.58 Points (0.95%) to 8,991.06
- Hong Kong Hang Seng Index Falls 14.71 Points (0.07%) to 20,597.35
- Brazil Bovespa Index Falls 935.95 Points (1.44%) to 63,867.48
- 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
Filed in Finance
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Tagged Credit Agricole, Credit Agricole Net Income, Industrial & Commercial Bank of China, Industrial & Commercial Bank of China Net Income, Nestle Net Debt, Overnight Market News, Overnight Markets, PetroChina, PetroChina Net Income, Santos, Santos Net Profit
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- Goldman Sachs Group, Inc Loses Market Share Underwriting Corporate Bonds as it Seeks to Promote itself as a Company Advisor Rather Than a USD 900B Hedge Fund
- BHP Billiton Ltd Posts its Best Half-Year Profit in Two Years With First-Half Net Profit Before One-Offs Rising to USD 6.77B From USD 4.59B a Year Earlier, Keeping In-Line With Analysts’ Forecast of USD 6.9B
- Heineken NV Posts a 42% Rise in First-Half Net Income to USD 879mm, Surpassing Analysts’ Estimate of USD 727mm as the Company Closed Breweries and Cut Debt
- Volkswagen AG’s Audi Luxury Brand to Commence Sales of its A1 Compact Outside of Europe Next Year, Expanding its Production Capacities by 20% to Meet Higher Demand
- Crude Oil Stands at USD 71.72 per Barrel
- Ethanol Stands at USD 1.83 per Gallon
- Natural Gas Stands at USD 4.04 per British Thermal Unit (Btu)
- Gold Stands at USD 1,237.10 per Troy Ounce
- Dow Jones Industrial Average Falls 133.96 Points (1.32%) to 10,040.45
- London FTSE Index Falls 25.10 Points (0.49%) to 5,130.85
- Japan Nikkei Index Falls 149.75 Points (1.66%) to 8,845.39
- Hong Kong Hang Seng Index Falls 23.73 Points (0.11%) to 20,634.98
- Brazil Bovespa Index Falls 825.50 Points (1.25%) to 65,156.36
- The World’s Largest Advertising Company, WPP Plc Posts a 39% Jump in First-Half Net Income to GBP 150.8mm (USD 232.5mm), Boosted by Increased Ad Spending in the US and the UK
- National Bank of Greece SA, EFG Eurobank Ergasias SA, Alpha Bank SA and Bank of Piraeus Face Growing Political Pressure to Merge as Greece’s Economy Hurts Profits
- Germany’s Economy Grows 2.2% in Q02 2010 on 8.2% Surge in Exports, the Biggest Quarterly Increases since Reunification Two Decades Ago
- The World’s Biggest Fertilizer Company, Rio Tinto Ltd Partners with Chinese Allies to Fend Off BHP Billiton Ltd’s Hostile USD 39B Bid for Potash Corp of Saskatchewan Inc
- London-Listed Coal and Base Metals Miner, Xstrata Plc Agrees to Pay USD 381mm to Acquire Australian-Listed Sphere Minerals Ltd which Holds Magnetite Iron Ore Deposits in Mauritania
- Crude Oil Stands at USD 72.30 per Barrel
- Ethanol Stands at USD 1.86 per Gallon
- Natural Gas Stands at USD 4.06 per British Thermal Unit (Btu)
- Gold Stands at USD 1,218.06 per Troy Ounce
- Dow Jones Industrial Average Falls 39.21 Points (-0.38%) to 10,174.41
- London FTSE Index Falls 55.66 Points (-1.06%) to 5,179.18
- Japan Nikkei Index Falls 121.55 Points (-1.33%) to 8,995.14
- Hong Kong Hang Seng Index Falls 230.30 Points (-1.10%) to 20,658.71
- Brazil Bovespa Index Falls 695.30 Points (-1.04%) to 65,981.86
- HSBC Holdings PLC in Talks to Acquire Up to 70% of South Africa’s Nedbank Group Ltd for USD 6.8B
- China Construction Bank Corp First-Half Net Profit Surges 27% to CNY 70.74B (USD 10.42B) Boosted by Increase in Fee-Based Businesses and Lower Impairment Charges
- SAB Miller PLC May Offer USD 10.9B to Acquire Foster’s Group Ltd’s Beer Operations
- Blackstone Group Backs Chinese Property Developer, Great Eagle Holdings’ Plan to Build Over 1,000 Luxury Apartments in Hong Kong
- American International Group Inc’s Airplane-Leasing Arm, International Lease Finance Corp Repays USD 3.9B Government Loan Ahead of Schedule to Regain Financing Freedom
- Chevron Corp’s Former Chairman, David O’Reilly to Head Board of Saudi Arabia’s State-Owned Oil Giant Aramco
- Crude Oil Stands at USD 74.10 per Barrel
- Ethanol Stands at USD 1.86 per Gallon
- Natural Gas Stands at USD 4.07 per British Thermal Unit (Btu)
- Gold Stands at USD 1,227.90 per Troy Ounce
- Dow Jones Industrial Average Falls 57.59 Points (-0.56%) to 10,213.62
- London FTSE Index Rises 35.76 Points (0.69%) to 5,231.04
- Japan Nikkei Index Falls 62.69 Points (-0.68%) to 9,116.69
- Hong Kong Hang Seng Index Falls 92.81 Points (-0.44%) to 20,889.01
- Brazil Bovespa Index Falls 209.98 Points (-0.31%) to 66,677.16
Filed in Finance
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Tagged Blackstone Group, Blackstone Group Hong Kong, China Construction Bank Net Profit, David O'Reilly, HSBC Holdings, HSBC Holdings Nedbank Group, International Lease Finance Corp Repays Loan, Luxury Apartments in Hong Kong, Overnight Market News, Overnight Markets, SAB Miller Foster's Group
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- Bank of America and Visa Inc Plan to Begin a Test Programme Next Month That Will Allow Customers to Use Smartphones to Pay for In-Store Purchases
- Hewlett-Packard Co Reports Q03 2009/2010 Earnings per Share of USD 1.08, Up From USD 0.91 a Year Earlier and In Line With Preliminary Results Announced Earlier This Month
- Dell Inc’s Q02 2010 Revenue Rises 22% to USD 15.5B, Surpassing Analysts’ Expectation of USD 15.2B, Attributable to Strong Sales of Server and Networking Products
- Korea National Oil Corp Makes a Hostile USD 2.9B Bid for UK Explorer, Dana Petroleum PLC After its Initial Takeover Offer Was Rejected
- Germany’s Economy Grows 2.2% in the Q02 2010, Signalling Possibilities for Continued Growth in the Second-Half Though at a Slower Pace as Foreign Demand Decelerates
- Sugar Rises to Five Month High in New York and Extends Gains in London After the US Department of Agriculture Signalled Limited Supplies of the Sweetener
- Crude Oil Stands at USD 73.59 per Barrel
- Ethanol Stands at USD 1.85 per Gallon
- Natural Gas Stands at USD 4.16 per British Thermal Unit (Btu)
- Gold Stands at USD 1,230.50 per Troy Ounce
- Dow Jones Industrial Average Falls 144.33 Points (1.39%) to 10,271.21
- London FTSE Index Falls 44.86 Points (0.86%) to 5,166.43
- Japan Nikkei Index Falls 183.30 Points (1.96%) to 9,179.38
- Hong Kong Hang Seng Index Falls 90.64 Points (0.43%) to 20,981.82
- Brazil Bovespa Index Falls 751.25 Points (1.11%) to 66,887.13
Filed in Finance
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Tagged Dana Petroleum, Dell Revenue, Dell Revenues, German Economy, German Economy Growth, Germany’s Economy, Germany’s Economy Grows, Hewlett-Packard Earnings Per Share, Hewlett-Packard EPS, Korea National Oil Corp, Korea National Oil Corp Hostile Bid, Overnight Market News, Overnight Markets, Sugar Prices
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