Nov 30, 2009 8:03 PM ET
Australian market indexes look higher after banks recover and Dubai World sought loan restructuring on only less than half the loans. Australian company profits fall 2.1% in the third quarter and new home sales decline 6% in October. New Zealand housing approvals gain 11% in October.
Nov 30, 2009 7:46 PM ET
China government officials encourage consumer to spend more and buy new cars and appliances to exchange the old. China also extended vehicle tax rebate program to 2010. HSBC and Standard Chartered Bank increased as Dubai worries ease.
Nov 30, 2009 7:13 PM ET
Mitsubishi UFJ plans to raise 1.1 trillion yen in share sale. Construction companies linked to Dubai and Middle East reversed their earlier losses to close higher after Dubai financial worries eased.
Nov 30, 2009 4:35 PM ET
Deutsche Boerse refused to increase the bid for the Warsaw Stock Exchange. MAN SE dropped 4% on the worries that illegal payment investigation may cost as much as €300 million.
Nov 30, 2009 3:25 PM ET
UK banks led the decliners in trading on Dubai worries. The banks in UK have lent at least 80% loans to Dubai World, controlled by Dubai government. Royal Bank of Scotland, Lloyds Banking and Standard Chartered Bank fell more than 2.5%.
Nov 30, 2009 2:20 PM ET
U.S. stocks traded sideways. Ratings revisions lifted Abercrombie & Fitch, Deer & Company, Nucor and Supervalu. AIG dropped 7.4% after Sanford C. Bernstein & Co lowered it price target by 40% to $12. CSG Systems increased 8%. Apparel retailers edged lower.
Nov 30, 2009 6:21 PM ET
India''s economy in the quarter ending in September increased at 7.9% from a year ago. The faster than expected growth lifted stocks and rupee edged higher. Tata Motors swung to a small net profit on higher sales and lower operating costs.
Nov 30, 2009 10:40 AM ET
Financial markets in Middle East dropped after Dubai government clarified that lenders should restructure loans to Dubai World and not wait for the government assistance. Markets in Dubai and Abu Dhabi fell more than 7%. DP World dropped 15% and Emmar Properties declined 10%.
Nov 30, 2009 8:53 AM ET
U.S. stocks are expected to open lower after Dubai government says that lenders should work with Dubai World to restructure loans. the benchmark indexes in UAE dropped more than 7%. Talks of regional bailout in the Middle East gain momentum.
Nov 27, 2009 7:28 PM ET
Stocks in Tokyo closed lower after world markets declined and banks closed lower. The yen strengthened against the dollar and touched to a 14-year intra-day high. Exporters, shippers and trading companies closed lower.