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Overnight Market News – July 30, 2010

admin — Fri, 30 Jul 2010 13:37:05 +0000

Merck & Co Inc Posts Q02 2010 Earnings per Share, Excluding One-Offs of USD 0.86 up from USD 0.83 a Year Ago and Topping Wall Street Views for Flat Results
French Oil Company, Total SA Posts 43% Increase in Q02 2010 Profit to EUR 3.1B (USD 4.05B) Lifted by Higher Production and Oil Prices
Hong Kong Billionaire, Li Ka-shing to Acquire UK Power Grids from France’s EDF for GBP 5.8B (USD 9.1B)
Spain’s Jobless Rate Climbs to 13-Year HI of 20.09% in Q02 2010 from 20.05% in the First Quarter
The Walt Disney Co Reaches Deal to Sell its Miramax Unit to Filmyard Holdings LLC for Over USD 660mm
British Airways PLC Widens Fiscal First-Quarter Loss to GBP 122mm (USD 190.5mm) from GBP 106mm a Year Earlier on Volcano and Strike Disruptions
Crude Oil Stands at USD 77.81 per Barrel
Ethanol Stands at USD 1.67 per Gallon
Natural Gas Stands at USD 4.84 per British Thermal Unit (Btu)
Gold Stands at USD 1,170.80 per Troy Ounce
Dow Jones Industrial Average Falls 30.72 Points (-0.29%) to 10,467.16
London FTSE Index Falls 28.62 Points (-0.54%) to 5,285.33
Japan Nikkei Index Falls 158.72 Points (-1.64%) to 9,537.30
Hong Kong Hang Seng Index Falls 64.01 Points (-0.30%) to 21,029.81
Brazil Bovespa Index Rises 145.58 Points (0.22%) to 66,953.83

Overnight Market News – April 8, 2010

admin — Thu, 08 Apr 2010 12:30:31 +0000

Bank of England Keeps Interests Rates at Record LO of 0.5% and Holds Asset-Buying Programme at GBP 200B
British Airways Plc and Iberia SA Signs Merger Deal Creating Europe’s Third Largest Airline Carrier
Costco Wholesale Corp’s Same-Store-Sales in March Rise 10% on Increased Gasoline Prices and Strong Foreign Currencies
UAL Corp’s United Airlines and US Airways Group Inc in Merger Talks to Create America’s Second Biggest Airline
UK Manufacturing Output Climbs 1.3% in February from Prior Month, the Highest Level Since 2008
Eurozone Retail Sales Falls More-Than-Expected in February, Declining 0.6% from January 2010 and 1.1% Year-Over-Year
Crude Oil Stands at USD 85.13 per Barrel
Ethanol Stands at USD 1.56 per Gallon
Natural Gas Stands at USD 4.00 per British Thermal Unit (Btu)
Gold Stands at USD 1,147.70 per Troy Ounce
Dow Jones Industrial Average Falls 72.47 Points (-0.66%)
London FTSE Index Falls 54.62 Points (-0.95%)
Japan Nikkei Index Falls 124.63 Points (-1.10%)
Hong Kong Hang Seng Index Falls 61.73 Points (-0.28%)
Brazil Bovespa Index Falls 302.71 Points (-0.43%)

Overnight Market News – November 13, 2009

admin — Fri, 13 Nov 2009 15:42:59 +0000

Eurozone Economy Exits Recession in Third Quarter, Grows 0.4% Compared with Previous Quarter
British Airways PLC, Iberia Lineas Aereas de Espana SA Agree to USD 7B Merger
Citigroup Inc Near Finalizing the JPY 100B (USD 1.1B) Sale of Japan’s Biggest Telemarketer, Bellsystem24, to Private-Equity Firm Bain Capital Inc
The Walt Disney Co (NYSE: DIS) Profits Grow 18% in Fiscal Fourth Quarter on Merger-Related Gain, Growth in Media Networks
Google Inc Acquires Gizmo5 Technologies Inc, a Company Offering Voice-Over-Internet-Protocol Software for Mobile Phones and Computers, Price Not Disclosed
Crude Oil Stands at USD 77.62 per Barrel
Ethanol Stands at USD 1.97 per Gallon
Natural Gas Stands at USD 4.41 per British Thermal Unit (Btu)
Gold Stands at USD 1,105.10 per Troy Ounce
Dow Jones Industrial Average Falls -93.79 Points (-0.91%)
London FTSE Index Rises 9.86 Points (0.19%)
Japan Nikkei Index Falls -34.18 Points (-0.35%)
Hong Kong Hang Seng Index Rises 156.06 Points (0.70%)
Brazil Bovespa Index Falls -1,983.31 Points (-2.99%)

Overnight Market News – November 6, 2009

admin — Fri, 06 Nov 2009 12:50:42 +0000

Today’s US Labour Department Report Likely to Show Unemployment Rose to Annual Rate of 9.9% on 175,000 Job Losses in October
British Airways PLC Records Worst First Half Performance in History with Pre-Tax Loss of GBP 292mm versus Pre-Tax Profit of GBP 52mm a Year Ago
Royal Bank of Scotland Group PLC Swings to Third Quarter Net Loss of GBP 1.8B from Net Profit of GBP 871mm on Provision for Bad Loans and Credit Market Writedowns
Fannie Mae Seeks Additional USD 15B in Bailout Funds from US Treasury Department After Announcing Losses of USD 18.9B in Third Quarter, Bringing its Total Borrowings of Tax Payer Money to USD 60B
Reserve Bank of Australia Says Economy Growing at Faster-Than-Expected Pace, Raises 2009 and 2101 Growth Forecast to 1.75% and 3.25% from 0.5% and 2.25% Respectively
CBS Corp Returns to Profit in Third Quarter as Television Revenue Grew on Syndication Sales, Net Income Rose to USD 207.6mm, Up from Loss of USD 12.46B
Crude Oil Stands at USD 79.85 per Barrel
Ethanol Stands at USD 1.98 per Gallon
Natural Gas Stands at USD 4.72 per British Thermal Unit (Btu)
Gold Stands at USD 1,093.60 per Troy Ounce
Dow Jones Industrial Average Rises 203.82 Points (2.08%)
London FTSE Index Rises 9.28 Points (0.18%)
Japan Nikkei Index Rises 71.91 Points (0.74%)
Hong Kong Hang Seng Index Rises 350.64 Points (1.63%)
Brazil Bovespa Index Rises 903.15 Points (1.41%)

Overnight Market News – July 31, 2009

admin — Fri, 31 Jul 2009 12:33:02 +0000

US Commerce Report Due Today Likely to Show Recession Slowed in Q02 2009, Economists Anticipate Annualized Contraction of 1.5%
European Statistics Office Reports Euro Zone Unemployment Rate at 10-Year HI of 9.4% in June from May, Consumer Prices Fell 0.6% in June Year-Over-Year (yoy)
Japanese Consumer Prices Decline for Fourth Straight Month, Falling by a Record 1.7% in June (yoy)
British Airways Plc Posts Pre-Tax First Quarter Loss of GBP 148mm vs Pre-Tax Profit of GBP 37mm a Year Ago on Weak Demand
Mitsubishi UFG Financial Group Inc Reports 48% Jump in Quarterly Earnings to JPY 75.9B (or USD 797mm) on Increased Lending Income
Crude Oil Stands at USD 66.94 per Barrel
Ethanol Stands at USD 1.75 per Gallon
Natural Gas Stands at USD 3.74 per British Thermal Unit (Btu)
Gold Stands at USD 934.90 per Troy Ounce
Dow Jones Industrial Average Rises 83.74 Points (0.92%)
London FTSE Index Falls 6.20 Points (-0.13%)
Japan Nikkei Index Rises 191.62 Points (1.89%)
Hong Kong Hang Seng Index Rises 339.25 Points (1.68%)
Brazil Bovespa Index Rises 743.90 Points (1.38%)

Overnight Market News – July 29, 2009

admin — Wed, 29 Jul 2009 14:55:15 +0000

Microsoft Corp and Yahoo Inc Nears Agreement to Online Search and Advertisement Partnership, Expects to Announce Deal Within 24 Hours
Honda Motor Co Inc Posts First Quarter Profit of USD 79.8mm Beating Analysts’ Estimates of a Loss, Raises Full Year Forecasts
Time Warner Inc Posts Second Quarter Earnings of USD 0.43 per Share and Revenue of USD 6.8B, Beats Estimates of USD 0.37 per Share
British Airways Plc to End All Free Meals Except Breakfast on Short-Haul Flights, Saves GBP 22mm per Year
Mercedes-Benz Carmaker, Daimler AG Posts Third Consecutive Quarterly Loss of USD 1.5B or USD 0.99 per Share for its Second Quarter
Nomura Holdings Inc Posts its First Profit in Six Quarters Reporting Net Income of USD 121mm for its First Quarter
Crude Oil Stands at USD 65.66 per Barrel
Ethanol Stands at USD 1.69 per Gallon
Natural Gas Stands at USD 3.48 per British Thermal Unit (Btu)
Gold Stands at USD 938.70 per Troy Ounce
Dow Jones Industrial Average Falls 11.79 Points (-0.13%)
London FTSE Index Rises 33.79 Points (0.75%)
Japan Nikkei Index Rises 25.98 Points (0.26%)
Hong Kong Hang Seng Index Falls 489.04 Points (-2.37%)
Brazil Bovespa Index Falls 77.45 Points (-0.14%)

Overnight Market News – July 17, 2009

admin — Fri, 17 Jul 2009 13:07:48 +0000

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 Raise USD 979mm Through Bondholder Debt and Bank Credit to Shore Up Balance Sheet
Belgian Financial Investor RHJ International Makes USD 387.8mm Offer for 50.1% Stake in General Motors Corp’s Adam Opel GmbH
French Carmaker, Renault SA, Says Global Car Sales Fell 16.5% to 1.11mm Cars in the First Half of the Year Compared to a Year Ago
Singapore’s Non-Oil Domestic Exports Fell 11% in June from a Year Earlier, the Smallest Decline in Nine Months
Crude Oil Stands at USD 61.85 per Barrel
Ethanol Stands at USD 1.59 per Gallon
Natural Gas Stands at USD 3.59 per British Thermal Unit (Btu)
Gold Stands at USD 934.90 per Troy Ounce
Dow Jones Industrial Average Rises 95.61 Points (1.11%)
London FTSE Index Rises 39.80 Points (0.91%)
Japan Nikkei Index Rises 51.16 Points (0.55%)
Hong Kong Hang Seng Index Rises 443.79 Points (2.42%)
Brazil Bovespa Index Rises 621.54 Points (1.21%)

British Airways Posts Huge Annual Loss

admin — Sat, 23 May 2009 22:16:47 +0000

There have been turbulent skies for British Airways for FY 2008/2009 as it was forced to post its biggest annual loss since the airline was privatized in 1987. The company reported a loss before tax of GBP401M for the year ended March 31, vs. a profit of GBP922M (yoy) as fuel prices jumped 44.5% on 2008′s soaring oil prices. The weaker British pound also impacted the results. British Airways shares declined 3.75% to close at GBX156.70 yesterday on the London Stock Exchange.

Overnight Market News – May 22, 2009

admin — Sat, 23 May 2009 05:15:35 +0000

BankUnited Financial Corp Fails, to Cost US Federal Deposit Insurance Corp Approximately USD 4.9B
UK Gross Domestic Product (GDP) Contracts 1.9% in Q01 2009 on Record Declines in Consumer Spending and Production
Bank of Japan Upgrades Economic Outlook, Holds Key Interest Rate Unchanged
British Airways Plc Posts Record Annual Net Loss of GBP 375mm vs Net Income of GBP 712mm (yoy)
General Motors Corp Reaches New Deal with United Auto Workers (UAW) Union, Other Obstacles Remain as Deadline Nears
Gap Inc Reports 14% Drop in First Quarter Profits to USD 215mm on Slump in Consumer Demand
Crude Oil Stands at USD 61.05 per Barrel
Ethanol Stands at USD 1.80 per Gallon
Natural Gas Stands at USD 3.60 per British Thermal Unit (Btu)
Dow Jones Industrial Average Falls 129.91 Points (-1.54%)
London FTSE Index Rises 35.19 Points (0.81%)
Japan Nikkei Index Falls 38.34 Points (-0.41%)
Hong Kong Hang Seng Index Falls 136.97 Points (-0.80%)
Brazil Bovespa Index Falls 1,157.76 Points (-2.26

Financial News Summary – May 22, 2009

admin — Sat, 23 May 2009 04:49:46 +0000

- British Airways Posts Record Loss
- BankUnited FSB Collapses in Biggest US Bank Failure for 2009
- Standard & Poor’s Cuts UK’s Rating Outlook to Negative from stable
- Hormel Foods Corp Second Quarter Profit Beats Estimates
- Taiwan’s Economy Contracts by Record 10.2% in Q01 2009