Jan 30, 2009 2:36 PM ET
The benchmark stock index in London trading dropped 1% after consumer confidence declined and luxury home price index fell in December. Homes priced more than £1 million dropped 3.7% in January from December and declined 21% from a year ago. Miners in trading declined after a fall in metal prices.
Jan 30, 2009 12:08 PM ET
Foreign currency rserves of India declined $4.5 billion to $247.6 billion at the end of last week. Core rate of economic growth declined at 2.3% in December. Tata Motors reported 263 crore rupees in the latest quarter. Adani Enterprises net in the quarter dropped 54%. L&T profit nearly tripled.
Jan 30, 2009 5:28 PM ET
The preliminary read on the fourth quarter U.S. GDP suggested a decline in real and nominal terms. The twin decline, a first in fifty years may indicate a weakness in corporate profits in the fourth quarter. Industrial production in Japan fell sharply and exports from Hong Kong declined.
Jan 30, 2009 3:14 PM ET
Hong Kong exports in December fell more than 11% and for the year declined 5%. Exports declined 15% to the U.S. and dropped 12% to china. Chine imported 51% of its crude oil needs in 2008. Stocks in Hong Kong trading rose on a surge in shipping companies.
Jan 30, 2009 2:35 PM ET
U.S. stocks edged lower on weak economic growth report. Amazon.com increased on higher sales and earnings. Monster Worldwide declined on 37% decline in earnings. Chevron and ExxonMobil gained after reporting better than expected earnings.
Jan 30, 2009 10:48 AM ET
The fourth quarter GDP declined at an annual rate of 3.8% on weak consumer spending, residential investments and weak exports. Stocks in the early morning dropped on weak economic data. Amazon.com fourth quarter sales increased 18% and net rose 9%.
Jan 30, 2009 3:41 PM ET
Stocks in Australia gained on a rise in gold price. Despite a decline in interest rate and significant increase in lending availability from the Reserve Bank of Australia, the lending fell 0.3% in December. Separately, Rio Tinto sold its iron ore mine and potash assets for $1.6 billion.
Jan 30, 2009 3:40 PM ET
Japan industrial production index in December dropped 9.6%. The sharp decline in production was driven by falling demand in transport and industrial machinery orders and falling global exports. The total number of unemployed rose 17% in December. The Nikkei 225 index fell 3.1%.
Jan 29, 2009 6:14 PM ET
The Internet search and advertising company revenue rose to 18% to $5.7 billion. Net earnings dropped 68% to $382.4 million on AOL impairment charges. Earnings per share declined to $1.21 compared to $3.79 a year ago.
Jan 29, 2009 5:53 PM ET
U.S. stocks dropped ahead of the GDP report and on weak employment and new home sales. The sales declined to 45-year low to annual rate of 331,000. Unemployment claims rose to 4.8 million at the end of the last week. President Obama urged Wall Street to reconsider $18 billon of bonus.