China’s Purchasing Managers’ Index (PMI) Rises to 16-month HI of 54.0 in August from July’s 53.3 as Manufacturing Expanded on Increased Lending Bank of America Corp Offers to Repay Portion of USD 20B in Government Aid Related to Merrill Lynch & Co Acquisition PetroChina Co to Pay USD 1.7B for 60% Stake in Athabasca Oil [...]
Bank of America Corp Posts Second Quarter Profit of USD 3.4B or USD 0.33 per share, Topping Estimates of USD 0.28 per share General Electric Co’s Second Quarter Profit Declines by Almost Half to USD 2.67B or USD 0.26 per Share, Still Ahead of Analysts’ Estimates of USD 0.24 per Share British Airways Plc to [...]
US Treasury to Announce Approval for 10 US Banks including JPMorgan Chase & Co, American Express Co to Repay TARP Funds Bank of America Corp Announces Resignation of Two More Board Members Fiat SpA Will Not Abandon Efforts to Buy Chrysler LLC after US Supreme Court Delays Deal Royal Dutch Shell Chief Executive Officer Calls [...]
- Japan’s Export Slump Eases Slightly in April – Bank of America Corp Raises 76% of Capital Required by Federal Reserve – US Consumer Confidence Soars, Beats Forecasts – Bank of Montreal Posts Better-Than-Expected Quarterly Profit
Bank of America Corp Raises 13.47B from Share Sale After Stress Tests Obama Administration Said to Consider Removing Some Duties from Securities and Exchange Commission (SEC), Giving Fed More Authority Hewlett-Packard Co Quarterly Earnings Fall 17% Beating Expectations, Still Cuts Full-Year Outlook and Reduces Workforce by 6,400 Japan’s Economy Plunges by Record 4% (15.2% Annual [...]
- Centrica to Purchase 20% Stake in British Energy – US Trade Deficit Widens in March, First Time in Eight Months – China’s Exports Decline 22.6% in April – Bank of America Sells USD 7.3B Stake in China Construction Bank
Bank of America Corp Raises USD 7.3B from Sale of Stake in China Construction Bank Corp The European Union (EU) Will Conduct Stress Tests on its Banking Sector by September 2009 to Determine Capital Adequacy China’s Exports Fall 22.6% in April (yoy), While Factory Investments Surge 30.5% (ytd) Australia’s Budget Deficit Balloons to Record USD [...]
- Wal-Mart Opens Convenience Stores in China – US Private Sector Cuts 491,000 Jobs, Less Than Expected – Bank of America Corp to Need USD 34B of Capital