International News:economists who were expecting orders to rise 0.5%. Orders for goods meant to last three years or more gained 2% in September. (Source: CNNMoney) US new claims for unemployment posted a surprisingly large tumble last week, falling to 466,000, a 14-month low. US new home sales rose to a 430,000 annual unit rate...
Tuesday, December 29, 2009
Japan’s exports fell at the slowest pace in a year in
Japan’s exports fell at the slowest pace in a year in October as worldwide government spending boosted demand, sustaining the economic recovery. The broadest measure of the nation's economic growth grew at a slower pace last quarter than initially thought, adding to bets that the US recovery will be sluggish. US home prices rose...
Japan’s Nikkei 225 Stock Average fell for the fifth day on concern deflation
International News:Japan’s Nikkei 225 Stock Average fell for the fifth day on concern deflation will deepen and banks will sell more shares to replenish capital. The dollar and the yen rose as investors pared bets on higher-yielding assets. Bank of China Ltd. is studying “various options” to replenish capital in order to ensure...
Thailand’s economy contracted the least in a year last quarter
Thailand’s economy contracted the least in a year last quarter as a nascent global recovery and government spending began to pull the nation out of its first recession in a decade. Sixty-five world leaders have said they will attend the Copenhagen climate summit in December, and several more have responded positively to invitations,...
The Bank of Japan left its benchmark interest rate at 0.1 percent at a policy meeting in Tokyo
International News:The Bank of Japan left its benchmark interest rate at 0.1 percent at a policy meeting in Tokyo. Asian stocks fell for a fourth day, the longest losing streak since July, after Sony Corp. pushed back its profitability targets and Dell Inc. posted lower-than- estimated earnings. Bill Gross, who runs the world’s...
Singapore said its economy will expand next year
Singapore said its economy will expand next year after exiting the deepest recession since independence in 1965, adding to evidence of a regional recovery that’s prompted some policy makers to start removing stimulus. The economy will grow 3 percent to 5 percent in 2010 after shrinking as much as 2.5 percent this year, the trade...
Crude oil gained for a third day after an industry report showed U.S.
International News:Crude oil gained for a third day after an industry report showed U.S. stockpiles declined after a hurricane in the Gulf of Mexico. Oil rose as much as 0.9 percent to $79.85 a barrel on the New York Mercantile Exchange after the American Petroleum Institute said yesterday crude inventories fell by 4.37 million...
The International Monetary Fund sold 2 metric tons of gold to the central bank of Mauritius
Ben S. Bernanke said it’s “not obvious” that asset prices in the U.S. are out of line with underlying values after a 64 percent jump in the Standard & Poor’s 500 Index from its March low. The International Monetary Fund sold 2 metric tons of gold to the central bank of Mauritius for about $71.7 million, a move that may be followed...
Japan’s economy expanded at the fastest pace in more than two years in the third quarter
Japan’s economy expanded at the fastest pace in more than two years in the third quarter, led by a rebound in domestic demand that may ease concern of a return to recession next year. (Source: Bloomberg). Foreign direct investment in China climbed for a third month in October from a year earlier as companies bought into a strengthening...
Monday, December 28, 2009
1. China and Taiwan are poised to sign an agreement giving their banks
Wal-Mart Stores reported diluted earnings per share from continuing operations for the third quarter of fiscal year 2010 of $0.84, exceeding the company’s guidance of $0.78 to $0.82. (Source: CNNMoney). China and Taiwan are poised to sign an agreement giving their banks, insurers and brokerages wider access to each other’s markets...
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