Mar 23, 2009 10:56 AM ET
Australian market averages rose 2.4% as financial stocks increased on the hopes that the U.S. Treasury plan to work with private sector to isolate toxic assets may contain fall in financial markets. The news about another Japan stimulus lifted trading sentiment.
Mar 23, 2009 5:56 PM ET
Tokyo stocks surged 3.4% after government proposed to invest 3 trillion yen to improve government services and provides better automation and electronic access. Cabinet office reported today in its business outlook survey condition that deteriorated in three months to March.
Mar 22, 2009 10:34 PM ET
The office products supplier quarterly sales rose 16% to $6.2 billion. Net quarterly income declined 14% to $286 million on higher operating expenses. Earnings per share dropped to 40 cents from 47 cents a year earlier. The company generated record free cash flow of $1.3 billion in fiscal 2008.
Mar 20, 2009 5:21 PM ET
U.S. stocks declined after General Electric offered weak earnings outlook in its financial division. Banks and financial services stocks fell with GE dropping as much as 7%. GE has plunged 73% in the last one year of trading. The CBO revised its estimate of U.S. budget deficit sharply higher.
Mar 20, 2009 4:17 PM ET
The latest nonpartisan U.S. Congressional office suggested that the U.S. budget deficits will surge to $1.8 trillion in fiscal 2009 and to $1.4 trillion in fiscal 2010. Obama administration is looking to spend $3.55 trillion in fiscal 2010.
Mar 20, 2009 3:36 PM ET
U.K. stocks closed higher for the second day in a row on a rise in insurance and mining stocks. Banks closed lower. Regus Group Plc surged 31% to 65.5 pence after the rental office services provider reported 2008 annual revenue rise of 25% and earnings gain of 11%.
Mar 20, 2009 2:19 PM ET
MGM Mirage and Lincoln National drop on debt downgrades. AIG plunges on more investigations in bonus practices. Fluor Corp declines on project halt in Kuwait. AutoNation and Cabot Corp fall on ratings downgrade.
Mar 20, 2009 11:56 AM ET
Foreign exchange reserves of India rises by $1.4 billion. RBI will unveil its credit policy on April 21. Retail inflation eases to 10.79% in February. In trading, telecom stocks fell on lower text message tariff and L&T declined after the settlement with Grasim on cross holdings.
Mar 20, 2009 10:32 AM ET
Hong Kong GDP falls 2.5% in the fourth quarter. Stocks in Shanghai and Hong Kong closed lower after weaker than expected earnings from China Mobile and Alibaba.com Ltd. Hong Kong bankruptcies increase 120% in February. Ahead of bank earnings next weeks, investors sold financial stocks.
Mar 20, 2009 10:17 AM ET
U.S. stocks trade higher. Gold and crude oil decline after surging in previous sessions. European industrial production declines in January at a faster pace than in December. Alibaba.com falls on earnings miss. Asian markets close generally lower on weak regional trading.