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Overnight Market News – August 4, 2010

admin — Wed, 04 Aug 2010 14:41:38 +0000

Lloyds Banking Group PLC Reports First-Half Profit of GBP 3.96B, its First Profit Since its Acquisition of HBOS PLC Forced the Company to Seek a Government Bailout
Motorola Inc Plans to Release a Tablet Computer Based on Google Inc’s Android Software to Challenge Apple Inc’s iPad
Toyota Motor Corp Raises its Full-Year Profit Forecast to USD 3.98B as Sales in Asia Grow More Than Expected and US Demand Recovers From Massive Recall
Cathay Pacific Airways Ltd to Purchase 36 Airbus SAS and Boeing Co Planes After First-Half Net Income Surged More Than Eightfold to USD 881mm
Societe Generale SA’s Q02 2010 Profit Climbs More Than Threefold to USD 1.43B on Higher Earnings at its French Retail Business
Crude Oil Stands at USD 82.00 per Barrel
Ethanol Stands at USD 1.74 per Gallon
Natural Gas Stands at USD 4.67 per British Thermal Unit (Btu)
Gold Stands at USD 1,194.60 per Troy Ounce
Dow Jones Industrial Average Falls 38.00 Points (0.36%) to 10,636.38
London FTSE Index Falls 67.58 Points (1.25%) to 5,328.90
Japan Nikkei Index Falls 204.67 Points (2.11%) to 9,489.34
Hong Kong Hang Seng Index Rises 92.22 Points (0.43%) to 21,549.88
Brazil Bovespa Index Falls 520.10 Points (0.76%) to 67,997.36

Overnight Market News – July 5, 2010

admin — Mon, 05 Jul 2010 13:14:48 +0000

Toyota Motor Corp Recalls More Than 90k Luxury Lexus and Crown Vehicles in Japan Due to Defective Engines
France Telecom Announces Five-Year Turnaround Plan Aimed at Improving Job Morale and Increasing Market Share
Eurozone Retail Sales Climb 0.2% in May Over April Boosted by Non-Food Sectors
Lloyds Banking Group PLC Offloads Majority Stake in Bank of Scotland Integrated Finance for GBP 332mm (USD 504mm)
German Utility Firm, E ON AG Mulls Corporate Restructure Following Recent Management Reorganization
Thailand’s Banpu PCL Launches AUD 2.5B (USD 2.1B) Takeover Bid for Centennial Coal Co Ltd
Crude Oil Stands at USD 72.37 per Barrel
Ethanol Stands at USD 1.55 per Gallon
Natural Gas Stands at USD 4.73 per British Thermal Unit (Btu)
Gold Stands at USD 1,211.60 per Troy Ounce
Dow Jones Industrial Average Falls 46.05 Points (-0.47%) to 9,686.48
London FTSE Index Falls 1.75 Points (-0.04%) to 4,836.34
Japan Nikkei Index Rises 63.07 Points (0.69%) to 9,266.78
Hong Kong Hang Seng Index Falls 63.12 Points (-0.32%) to 19,842.20
Brazil Bovespa Index Rises 193.59 Points (0.32%) to 61,429.79

Overnight Market News – February 26, 2010

admin — Fri, 26 Feb 2010 13:47:22 +0000

Lloyds Banking Group Plc Posts an Operating Loss of GBP 6.3B for its Fiscal Year 2009, Slightly Down from a Loss of GBP 6.7B a Year Ago as Impairment Charges Grew by 60%
UK’s Gross Domestic Product (GDP) Growth is Upwardly Revised for the Final Three Months in 2009 Unexpectedly Rising to 0.3%, up from the Initial Estimate of 0.1%
General Electric Corp Agrees to Sell its Hong Kong Consumer Finance Business to Standard Chartered Bank Plc For an Undisclosed Amount in its Latest String of Divestments in Asia
Japan Airlines Corp Reports a Massive Loss of JPY 177.9B for its Nine-Month Period from a Loss of JPY 1.9B a Year Earlier
China Mobile Communications Corp May Buy 20% Stake in Shanghai Pudong Development Bank Co for Approximately CNY 40B in a Effort to Replenish its Capital Base
Jaguar Land Rover Posts its First Quarterly Profit of USD 90mm Since Being Acquired by India’s Tata Motors Ltd in 2008 for the Quarter Ended December 31, 2009
Crude Oil Stands at USD 78.48 per Barrel
Ethanol Stands at USD 1.81 per Gallon
Natural Gas Stands at USD 4.81 per British Thermal Unit (Btu)
Gold Stands at USD 1,112.00 per Troy Ounce
Dow Jones Industrial Average Falls 53.13 Points (-0.51%)
London FTSE Index Rises 50.54 Points (0.96%)
Japan Nikkei Index Rises 24.07 Points (0.24%)
Hong Kong Hang Seng Index Rises 209.13 Points (1.03%)
Brazil Bovespa Index Rises 326.27 Points (0.50%)

Overnight Market News – December 22, 2009

admin — Tue, 22 Dec 2009 12:14:00 +0000

UK Gross Domestic Product Shrinks Less-Than-Expected in Q03 2009, Declining 0.2% Quarter-Over-Quarter Versus Previous Measurement of a 0.3% Contraction
Ford Motor Co Offers Buyout and Early Retirement Incentives to All of its 41,000 US Hourly Workers in Bid to Further Reduce Factory Costs
Lloyds Banking Group Plc Agrees to Pay a Minimum of USD 3.6B Over Fifteen Years to Raise USD 2B in Tier 1 capital.
General Motors Co Appoints Microsoft Corp’s Outgoing Finance Executive, Chris Liddell, as its New Chief Financial Officer and Vice Chairman
Moody’s Investors Service Lowers Greece’s Credit Rating by One Notch to A2 from A1
Macarthur Coal Ltd Offers AUD 656mm (USD 577mm) in Cash for Gloucester Coal Ltd
Crude Oil Stands at USD 73.82 per Barrel
Ethanol Stands at USD 1.85 per Gallon
Natural Gas Stands at USD 5.72 per British Thermal Unit (Btu)
Gold Stands at USD 1,097.30 per Troy Ounce
Dow Jones Industrial Average Rises 85.25 Points (0.83%)
London FTSE Index Rises 40.70 Points (0.77%)
Japan Nikkei Index Rises 194.56 Points (1.91%)
Hong Kong Hang Seng Index Rises 143.94 Points (0.69%)
Brazil Bovespa Index Falls 869.02 Points (-1.3%)

Overnight Market News – November 3, 2009

admin — Tue, 03 Nov 2009 11:48:41 +0000

European Union (EU) Raises Euro Zone Economic Forecast, Now Anticipates Growth of 0.7% in 2010 Compared with Prior Forecast for a Contraction of 0.1%
Royal Bank of Scotland PLC and Lloyds Banking Group PLC Agree to Dispose of Hundreds of Branches to Appease EU Competition Concerns Over the Banks’ Dependency on the State
Australia Lifts Key Interest Rate by 25 Basis Points to 3.5%, Second Straight Monthly Increase
Ford Motor Co to Raise Additional USD 3B Through Rights Issue and Convertible Debt Offering as it Seeks to Reduce Hefty Debt Burden
India, the World’s Biggest Gold Consumer, Purchases 200 Tonnes of the Precious Metal from the IMF in Order to Boost Reserves
Crude Oil Stands at USD 78.13 per Barrel
Ethanol Stands at USD 1.96 per Gallon
Natural Gas Stands at USD 4.81 per British Thermal Unit (Btu)
Gold Stands at USD 1,061.30 per Troy Ounce
Dow Jones Industrial Average Rises 76.71 Points (0.79%)
London FTSE Index Falls 104.54 Points (-2.05%)
Japan Nikkei Index Falls 231.79 Points (-2.31%)
Hong Kong Hang Seng Index Falls 380.13 Points (-1.76%)
Brazil Bovespa Index Falls 2,175.08 Points (-3.41%)

Lloyds Banking Group PLC Shares Decline

admin — Wed, 14 Oct 2009 11:58:27 +0000

Lloyds Banking Group PLC declined 2.2% yesterday, following speculation that it will have to pay a fee of up to £2B (US$ 3.2B) to exit the UK Government’s trouble asset insurance program.

After announcing its intention about six months ago to have £260B in risky assets insured, Lloyds Banking Group hopes to withdraw from the planned scheme which would result in the state’s interest in the Bank rising to 62%. Lloyds Banking Group fell US$0.13 to close at US$5.77 yesterday, after declining as much as US$5.72 earlier for its lowest intraday price since August 4, 2009.

Overnight Market News – August 12, 2009

admin — Wed, 12 Aug 2009 15:17:46 +0000

Lloyds Banking Group to Sell Insight Investment Management Ltd to Bank of New York Mellon Corp for GBP 235mm or USD 386mm
BHP Billiton Ltd, the World’s Largest Miner Reports 65% Decline in Profits to USD 3.26B for Six Months Ended June on Fall-Off in Metal Prices and Demand
UK Unemployment Rises to Highest Level Since 1995 Losing 220k Jobs to 2.44mm in the Three Months Through June, Pushing the Jobless Rate to 7.8%
European Industrial Production Unexpectedly Falls in June by 0.6% from a Month Ago, Led by 4.2% Decline in Production of Consumer Durable Goods
Scandinavian Airline, SAS AG Second Quarter Net Loss Widens to USD 143mm, Plans to Slash 1,500 More Jobs in Cost Cutting Efforts
ING Groep NV, Dutch Financial Company Second Quarter Profit Falls 96% to EUR 71mm Down from EUR 1.92B a Year Ago on Rising Risk Provisions
Crude Oil Stands at USD 69.69 per Barrel
Ethanol Stands at USD 1.64 per Gallon
Natural Gas Stands at USD 3.55 per British Thermal Unit (Btu)
Gold Stands at USD 947.30 per Troy Ounce
Dow Jones Industrial Average Falls 96.50 Points (-1.03%)
London FTSE Index Rises 27.72 Points (0.59%)
Japan Nikkei Index Falls150.46 Points (-1.42%)
Hong Kong Hang Seng Index Falls 638.97 Points (-3.03%)
Brazil Bovespa Index Falls 1,068.85 Points (-1.88%)

Overnight Market News – August 5, 2009

admin — Wed, 05 Aug 2009 12:43:31 +0000

Lloyds Banking Group Plc Posts First Half Loss of GBP 4B or USD 6.8B as Loan Impairments Surged More than Five Fold to GBP 13.4B from a Year Ago
Adidas AG Second Quarter Profits for Period Ended June Plummets 93% to EUR 9mm from EUR 116mm a Year Earlier on Lower Consumer Spending
Hong Kong’s Biggest Carrier, Cathay Pacific Airways Ltd Returns to Profit Reporting First Half Earnings of USD 104.8mm on a USD 271mm Fuel-Hedging Gain
UK Services Unexpectedly Grows at Fastest Pace in Seventeen Months in July as the Services Index Rose to 53.2 from 51.6 in June
Kraft Food Inc Second Quarter Profits Jump 11% to USD 827mm or USD 0.56 per Share Up from USD 745mm or USD 0.49 per Share a Year Ago
French Bank Societe Generale SA Second Quarter Profits Halved to EUR 309mm Down from EUR 644mm a Year Earlier on Increasing Write-Downs
Crude Oil Stands at USD 71.13 per Barrel
Ethanol Stands at USD 1.74 per Gallon
Natural Gas Stands at USD 3.98 per British Thermal Unit (Btu)
Gold Stands at USD 967.90 per Troy Ounce
Dow Jones Industrial Average Rises 33.63 Points (0.36%)
London FTSE Index Rises 11.90 Points (0.25%)
Japan Nikkei Index Falls 122.48 Points (-1.18%)
Hong Kong Hang Seng Index Falls 301.66 Points (-1.45%)
Brazil Bovespa Index Rises 40.26 Points (0.07%)