Sep 15, 2009 9:35 AM ET
U.S. Treasury is looking to sell its stake in Citigroup at a profit to taxpayers. The government’s stake of 7.692 billion shares or 33.6% stake in the troubled bank is sitting on a paper profit of $7.7 billion.
Sep 14, 2009 7:15 PM ET
Stocks in Japan fell as investors worried that the sharp rise in market multiples ahead of sustained economic recovery has lifted stocks to unsustainable highs. Exporters fell after the yen rose to a seven-month high. JAL may strike a deal with Delta or American Airlines to avert bankruptcy.
Sep 14, 2009 6:13 PM ET
Stocks in Australia edged lower as investors stayed on the sidelines. Chevron and its partners decided to go ahead with Gorgon project and plan to invest A$43 billion after they lined up customers in China, Japan, India and South Korea.
Sep 14, 2009 5:22 PM ET
U.S. stocks recovered from the morning losses but dollar, gold and crude oil closed lower. President Obama asked bankers to take responsibilities for their actions. San Francisco Federal Reserve President Yellen sounded cautious note on the economic recovery. U.S. and China trade tensions rise.
Sep 14, 2009 4:13 PM ET
European stocks traded sideways as investors stayed on the sideline on stretched valuations. Schneider Electric signed €1.8 billion credit line. Germany completes its first dollar denominated bond offering of $4 billion. HeidelbergCement plans offering to raise debt.
Sep 14, 2009 3:18 PM ET
EcoSecurities surged 11% after JP Morgan & Chase subsidiary offers 10% higher than the current bid from Guanabara. Marks & Spencer gains after Morgan Stanley lifts its price target ahead of earnings. The energy metering company Bglobal after it signs a contract with UK subsidiary of Gazprom.
Sep 14, 2009 12:26 PM ET
Coeur d’Alene Mines plunged after an analyst downgraded the silver mining company on the recent price surge. Sprint Nextel rises on the speculation that Deutsche Telekom is exploring merger proposal. Chesapeake Energy rises as natural gas price advance 12%.
Sep 14, 2009 11:12 AM ET
Reliance Industries is looking to invest in international oil fields. The largest private sector oil company in India also operates the largest crude oil refinery in the world is also looking to sell stake in some of the international fields including those in Colombia and Middle East.
Sep 14, 2009 9:33 AM ET
Indian Oil Corp plans to invest $12 billion in the next three years to expand crude oil refining capacity. India will begin the 3G wireless auction process on December 7 and hopes to collect $5 billion. Reliance Industries is looking to invest in Brazil and Gulf of Mexico based oil fields.
Sep 11, 2009 11:07 PM ET
European markets closed higher as China reported strong economic data for August. Steelmakers gained. Weak crude oil prices dragged energy companies lower. Banks traded mixed in the region. Air France-KLM advanced after passenger load factors improved. Areva SA prices its euro denominated bonds.