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Overnight Market News – August 26, 2010

admin — Thu, 26 Aug 2010 14:27:45 +0000

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

Overnight Market News – March 29, 2010

admin — Mon, 29 Mar 2010 13:38:51 +0000

Greece to Sell 7-Year Bonds in First Debt Offering Since EU, IMF Pledged Aid
China’s Zhejiang Geely Holding Group Signs Deal to Buy Ford Motor Co’s Volvo Unit for USD 1.8B
European Economic Confidence Rises More than Expected in March to 97.7 from 95.9 in February
PetroChina Co to Spend USD 60B Over Next Ten Years on Overseas Acquisitions
Morgan Stanley to be Underwriter, Advisor on Sale of US Government’s 27% Stake in Citigroup Inc
Japanese Retail Sales Rise Sharply in February, by 4.2% Year-Over-Year on Government Stimulus Efforts
Crude Oil Stands at USD 80.81 per Barrel
Ethanol Stands at USD 1.61 per Gallon
Natural Gas Stands at USD 3.89 per British Thermal Unit (Btu)
Gold Stands at USD 1,104.20 per Troy Ounce.
Dow Jones Industrial Average Rises 9.15 Points (0.08%)
London FTSE Index Rises 9.49 Points (0.17%)
Japan Nikkei Index Falls 9.90 Points (-0.09%)
Hong Kong Hang Seng Index Rises 184.32 Points (0.88%)
Brazil Bovespa Index Rises 241 Points (0.35%)

Overnight Market News – March 8, 2010

admin — Mon, 08 Mar 2010 11:23:55 +0000

Royal Dutch Shell PLC and PetroChina Co Offer USD 3B to Acquire Australia’s Arrow Energy Ltd
American International Group Inc (AIG) Closes in on Deal to Sell Foreign Life Insurance Unit to MetLife for USD 15B in Cash and Stock
Kraft Foods Inc Faces UK Probe over Plans to Close a Cadbury PLC Factory it Said it Would Keep Open
India’s Essar Group Plans to Raise USD 3B Overseas to Finance Acquisitions, Expand Oil, Power and Steel Businesses
France’s President, Nicolas Sarkozy Says Eurozone Ready to Rescue Greece if Necessary
Warren Buffet-Backed Automaker, BYD Co to Begin Selling Electric and Hybrid Cars in Western Europe Next Year
Crude Oil Stands at USD 82.09 per Barrel
Ethanol Stands at USD 1.62 per Gallon
Natural Gas Stands at USD 4.52 per British Thermal Unit (Btu)
Gold Stands at USD 1,137.50 per Troy Ounce
Dow Jones Industrial Average Rises 122.06 Points (1.17%)
London FTSE Index Falls 10.29 Points (-0.18%)
Japan Nikkei Index Rises 216.96 Points (2.09%)
Hong Kong Hang Seng Index Rises 408.90 Points (1.97%)
Brazil Bovespa Index Rises 1,031.79 Points (1.52%)

Overnight Market News – September 1, 2009

admin — Tue, 01 Sep 2009 15:15:08 +0000

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 Sands Corp’s Canadian Project
German Unemployment Unexpectedly Fell in August by 1k to 3.46mm Helped by Government Stimulus Efforts
Sony Corp Agrees to Sell 90% of its Largest North American TV Plant to Taiwan’s Hon Hai Precision Industry Co in Bid to Revive Profitability
Crude Oil Stands at USD 69.96 per Barrel
Ethanol Stands at USD 1.67 per Gallon
Natural Gas Stands at USD 2.98 per British Thermal Unit (Btu)
Gold Stands at USD 951.70 per Troy Ounce Ounce
Dow Jones Industrial Average Jones Industrial Average Falls 47.92 Points (-0.5%)
London FTSE Index Falls 58.36 Points (-1.19%)
Japan Nikkei Index Nikkei Index Rises 37.53 Points (0.36%)
Hong Kong Hang Seng Index Hang Seng Index Rises 148.11 Points (0.75%)
Brazil Bovespa Index Falls 1,211.59 Points (-2.1%)

PetroChina Inks Deal With Exxon Mobil

admin — Thu, 20 Aug 2009 16:24:56 +0000

Despite recent tension between Australia and China, PetroChina Co. Ltd. has inked a deal with the world’s largest publicly traded oil company – Exxon Mobil Corp. As part of the agreement, PetroChina, Asia’s biggest oil company, will purchase liquefied natural gas (LNG) from a field off Australia’s north-western coast, of which Exxon Mobil owns a share.

The 20-year deal worth US$41B will be the largest trade transaction Australia has ever seen, and according to the country’s prime minister, it will not only pump billions of dollars into the economy, but also create thousands of jobs.

Overnight Market News – August 19, 2009

admin — Wed, 19 Aug 2009 12:13:53 +0000

PetroChina Co Signs USD 41.1B Liquefied-Natural-Gas (LNG) Deal With Exxon Mobil to Purchase Gas from a Field Off Australia’s North-Western Coast
Hewlett-Packard Co Posts Slightly Better-Than-Expected Third Quarter Results Reporting Profits of USD 1.6B on Strong Server Sales
US Tax-Evasion Amnesty Program Identifies Ten More Swiss and European Banks Which Held Wealthy US Citizens Accounts, Credit Suisse Group AG and Julius Baer Holding AG Are Included
China’s Bank of Communications Ltd Posts Better-Than-Expected Second Quarter Profits of USD 1.1B, Aided by Record Credit Growth
Australian Airline, Qantas Airways Year-End Profits Decline Significantly, Falling 88% to USD 96.5mm Despite Increased Cost-Cutting Strategies
Egypt’s Sovereign Credit Ratings Outlook Raised to “Stable” from “Negative” By Moody’s Investors Services, Citing Lower Inflation and “the Government’s Efforts to Contain Fiscal Pressures”
Crude Oil Stands at USD 68.84 per Barrel
Ethanol Stands at USD 1.66 per Gallon
Natural Gas Stands at USD 3.05 per British Thermal Unit (Btu)
Gold Stands at USD 935.80 per Troy Ounce
Dow Jones Industrial Average Rises 82.60 Points (0.90%)
London FTSE Index Falls 38.80 Points (-0.83%)
Japan Nikkei Index Falls 80.96 Points (-0.79%)
Hong Kong Hang Seng Index Falls 352.04 Points (-1.73%)
Brazil Bovespa Index Rises 530.55 Points (0.96%)