Dec 09, 2008 2:16 PM ET
UK stocks rose after traders speculated that global economic growth may revise next year on a large economic stimulus in the U.S., China and India. UK manufacturing dropped 1.8% in three months to October. Latest survey of estate agents shows weak housing market on the lack of home buyers.
Dec 09, 2008 1:56 PM ET
Westpac plans to raise A$2.5 billion to raise its capital. Australian business conditions decline in November. Industry group forecasts sharply lower economic growth in 2009 but not a recession.
Dec 09, 2008 12:40 PM ET
Japan revised its quarterly economic decline to 1.8% from the previous estimate of 0.4%. Sony Corp plans to eliminate 5% of its worldwide staff and save 100 billion yen by the end of fiscal 2010. The company will also trim its invetsment and manufacturing in Europe.
Dec 09, 2008 12:00 PM ET
Hong Kong stocks fell after rallying on Monday. Hong Kong foreign reserves soared to $166 billion, eight largest in the world. Commodities and mining related stocks gained but financials and realty stocks declined. shippers and related stocks rose on a rise in freight price index.
Dec 09, 2008 10:42 AM ET
H&R Block, Inc second quarter revenues fell 1.5% to $351.5 million and net loss was $135.9 million or 41 cents a share. National Semiconductor Corporation second quarter sales fell 16% to $421.6 million and net income fell 63% to $33.9 million or 14 cents a share.
Dec 08, 2008 12:31 AM ET
Stocks surged on the hopes that new administration will provide more than $600 billion in economic stimulus as early as January. Of the stocks in S&P 500 index 421 gained, 77 declined and 2 were unchanged. The 26 stocks in Dow gained and 4 declined. Infrastructure and industrials led the rally.
Dec 08, 2008 5:00 PM ET
Stocks in Australia surged. Job postings dropped 8.6% in November and in metropolitan newspapers plunged 12%. Stocks surged after news reports suggested China National Petroleum may bid for Santos in partnership with foreign oil company.
Dec 08, 2008 1:56 PM ET
Tokyo stocks surge on optimistic outlook for the U.S. stimulus plan from President-elect Obama. Bank lending increased in November at a fastest pace in 16 years. Construction equipment makers surged on the optimism that the U.S. stimulus plan will increase exports.
Dec 08, 2008 11:58 AM ET
Reserve Bank of India cut repo rate by 1% to 6.5% over the weekend and Indian government broadened and enlarged its stimulus package. The government will offer cheaper credit to exporters and home buyers. Small businesses will have access to more credit through a separate program. Stocks Surged.
Dec 08, 2008 11:25 AM ET
The home improvement retailer quarterly sales increased 1.4% to $11.7 million. Earnings per share fell 23% to $0.33 from a year ago of 43 cents. In the quarter total customer count increased 3.4% but average ticket declined 2% to $65.64. Comparable transactions decreased 3.5%.