Jun 19, 2009 10:28 AM ET
E*Trade public offering managed to raise more than earlier expected after it prices its offering at 23% discount to yesterday price. The stock in the early trading drops another 15%.
Jun 19, 2009 10:10 AM ET
Real estate and commodities stocks closed higher in Tokyo trading. Banks rebounded on higher earnings expectations in the second quarter. Foreign investors lower their holdings in Japanese equities.
Jun 19, 2009 8:40 AM ET
Stocks in Mumbai closed up as expectations run high on infrastructure spending ahead of the government budget. Suzlon calls bond holders meeting. The market regulator Sebi simplifies guidelines and permits anchor investor concept in rights offerings.
Jun 18, 2009 8:13 PM ET
European benchmark indexes closed higher. Deutsche Telekom increased after it acquired 5% stake in Hellenic Telecom. Club Med surged after strategic investor added 1% stake. Fashion house PPR SA declined 4% on cautious comments from a broker.
Jun 18, 2009 7:31 PM ET
UK stocks ended flat in a choppy trading after the release of weaker than expected retail sales in May. Marstonís and GKN are the latest two companies to raise capital after Sainsbury completed its public offering of £443 million.
Jun 18, 2009 6:24 PM ET
U.S investors focused on the upcoming government bond auction next week. The U.S. is expected to raise $104 billion in bonds that mature between two and seven years. Most bonds sold by the government are short term maturities that will probably rolled over at a higher cost in less than five years.
Jun 18, 2009 12:02 PM ET
Fertilizer stocks declined for the second day in a row on weak sales and pricing outlook. The J.M. Smucker surged after it offered positive outlook and reported better than expected sales and earnings. Clarcor Inc fell after earnings declined.
Jun 18, 2009 11:13 AM ET
Energy, mining and financials were among the most active stocks in Shanghai and Hong Kong. World Bank revised its China economic growth projection to 7.2% and estimated foreign exchange reserves to increase by $218 billion. Coal miners and electric utility companies surged.
Jun 18, 2009 9:55 AM ET
The Japan Iron and Steel Federation reported another monthly decline in domestic steel production in May. For the year steel production is 45% lower from a year ago. Steelmakers, autos and trading companies declined in Tokyo trading. Kawasaki Kisen led decliners among shippers.
Jun 18, 2009 8:55 AM ET
The benchmark index in India dropped lower on the worries that some of the recent tax reliefs may be withdrawn by the government. Stocks declined as the fourteen week old rally falters, global markets are directionless and uncertainty on the national budget expected in three weeks.