Apr 09, 2009 5:03 PM ET
Despite a plunge of 73% in foreign direct investment in February, India still managed to receive $25.4 billion in investment in the first eleven months of the current fiscal year. Inflation in the last week in March fell to 0.26% but food prices surge. Essar Oil surges on Kenyan refinery investment.
Apr 09, 2009 5:02 PM ET
Stocks in Hong Kong surged on the optimism that economic stimulus will revive the growth. The larger than expected economic package in Japan also lifted stocks in Asia. March auto sales surged 10% on the government subsidies to 772,400 on 40% increaese in minivan demand.
Apr 09, 2009 12:51 PM ET
Statistics Bureau of Australia reported today that the number of unemployed persons in seasonally adjusted terms surged 24.7% from a month earlier, but soared 33.3% from a year ago to 612,000 in March. Total number of employed people declined 5% from February to 10.792 million.
Apr 09, 2009 12:50 PM ET
The packaged food company reported net sales rose 6% to $3.1 billion from $2.9 billion in the quarter. Net quarterly income declined 37.5% to $193.2 million from $309.1 million. Earnings per share slumped to 43 cents from 63 cents in the year-ago quarter.
Apr 09, 2009 12:30 PM ET
Stocks in Tokyo surged after ruling party proposed to spend 15.4 trillion yen to arrest the widening recession and falling domestic demand. Nearly 40% of the budget is targeted at long term projects. Investor sentiment was also boosted by 1.4% rise in private sector machinery orders in February.
Apr 09, 2009 5:27 PM ET
U.S. stocks rallied after Wells Fargo reported better than expected earnings. Jobless claims rose above 600,000 for the fifth moth in a row. Trade deficit in February declined as imports plunged.
Apr 08, 2009 9:59 PM ET
U.S. Treasury appears to be ready help insurance companies as government deepen its reach into corporate America. The life insurers have been clamoring for the aid but are quite on executive compensation conditions. UK GDP declined at a faster rate in the first quarter.
Apr 08, 2009 4:07 PM ET
Auto stocks in Germany rebounded. UK stocks fell as the first quarter GDP estimate showed a deeper decline than in the fourth quarter. UK GDP decline in first quarter was estimated at 1.6%. Banks in Ireland declined after a rating agency lowered its view. Pernord Ricard to raise 1 billion euros.
Apr 08, 2009 2:40 PM ET
Life insurance rallied in trading after media report suggested that companies may have access to cheap financing from the U.S. Treasury. Merger between two home builders lifted Centex. Bed Bath & Beyond and Family Dollar rallied on earnings. Ryder plunged on lowered earnings.
Apr 08, 2009 12:00 PM ET
Pulte Homes agreed to acquire Centex for $1.3 billion and assume debt of $1.8 billion. The merger of two home builders will create the largest home builder with substantial foot print in Texas, California, Florida and in Carolinas. Centex surges 22% after the deal news.