Dec 15, 2009 2:22 PM ET
German investor confidence declined in December, its third monthly decrease in a row. Deutsche Bank estimated record profit in 2011. BNP Paribas completed the sales of $1 billion senior notes. Tui AG full year sales fell 14%.
Dec 15, 2009 2:30 PM ET
Best Buy dropped 7% after quarterly results. FactSet Research Systems dropped as much as 10% after it estimated earnings that missed analystsí estimates. Starlim Technologies surged after Abbott Laboratories offered $123 million for the company.
Dec 15, 2009 11:53 AM ET
Stocks traded sideways in the morning after the release of industrial production and PPI inflation data. The Producer Price Index increased 1.8% in November and total output in the month increased 0.8%. The dollar gains against the euro on the worries that the inflation is gaining a hold.
Dec 15, 2009 9:24 AM ET
Stocks in India declined on the worries that the government is facing a challenge to control food price inflation. GMR is in talks with Singapore based Temasek to raise $150 million for its power project. India hopes to collect $5 billion from its stake sale in NTPC.
Dec 15, 2009 8:47 AM ET
Property developers in China and Hong Kong declined after the regulators and government announce more measures to control the asset bubble in the sector. China plans to offer more low cost housing and control access to the lenders.
Dec 15, 2009 8:26 AM ET
The Baltic Freight Rate Index continues to decline as the futures of crude oil price weaken further in London trading. The index has been on the decline from its latest peak in late November but still up five times from its low near 800 at the beginning of the year.
Dec 15, 2009 8:18 AM ET
The Cabinet Office in Japan approved the second budget of $80 billion and to provide access to additional financing to small businesses. The latest survey of businesses suggests more companies are lowering wages in Japan. Shipping lines and resource stocks led the decliners in Tokyo trading.
Dec 14, 2009 5:35 PM ET
Hong Kong index of industrial production falls 8.6% in the third quarter. Hong Kong and Chinese stocks rise after markets in Asia and Australia gain on the Abu Dhabi bailout of Dubai World. ICBC acquired 10% stake in Hong Kong Mercantile Exchange.
Dec 14, 2009 5:18 PM ET
New condo for sales in Tokyo increased 10.8% in November. Japanís business conditions dropped in December according to the latest data from the Bank of Japan. Banks and ocean freight transportation carried led the decliners in Tokyo trading.
Dec 14, 2009 5:07 PM ET
AXA Asia Pacific Holdings receives a sweetened A$12.9 billion offer from AMP and AXA. Woodside plans to raise A$2.5 billion in a rights offering. Westpac launches A$1 billion residential mortgage securities offer, the first bond offering in two years.