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Australia's miner BHP beats market expectations
Published February 9, 2010, 11:22 pm, People's Daily
BHP Billiton beat market expectations with a solid first-half profit on Wednesday but sounded notes of caution about the short-term outlook for commodities demand. The global miner's net profit for the six months ended December 31 was 6.14 billion U.S. dollars, more than double the 2.62 billion U.S. dollars the miner posted a year earlier. Net profit excluding exceptional items fell seven ...
New figures show Americans continued to spend modestly in January
Published February 9, 2010, 11:21 pm, Canoe Money
NEW YORK - Americans backed off from holiday spending in January, but retail sales rose for a third month in a row compared with a year earlier, largely because of gas price hikes, according to figures released Wednesday by a key data service.
Brown Isn’t Down for Count as Polls Converge With U.K. Growth
Published February 9, 2010, 11:21 pm, Bloomberg
Feb. 10 (Bloomberg) -- Britain’s exit from its longest recession on record may have come soon enough to revive Prime Minister Gordon Brown ’s election hopes.
Expressway shares surge on travel peak
Published February 9, 2010, 11:21 pm, People's Daily
Investors turn to defensive stocks as market remains directionless Expressway shares surged yesterday with investors turning to defensive stocks as the overall market remained directionless amid mounting concerns of tighter monetary policy. Shandong Expressway Co Ltd led the gains by rising 7.47 percent to 5.9 yuan. Huabei Expressway Co Ltd also jumped 6.65 percent to close at 5.77 yuan ...
China exports show trade recovery on track
Published February 9, 2010, 11:20 pm, AP via Yahoo! News
China's export growth accelerated in January and imports rose, adding to signs a recovery in global and Chinese demand is on track.
T-Mobile files appeal on tower
Published February 9, 2010, 11:20 pm, Huntington Beach Independent
T-Mobile has filed an appeal with the City Council on a decision not to allow the company to build a cell tower in a residential neighborhood.
Japan's corporate goods prices decline 2.1% on year in January
Published February 9, 2010, 11:20 pm, People's Daily
The price of corporate goods in Japan posted a year on year decline of 2.1 percent, according to preliminary data released by the Bank of Japan on Wednesday. Month on month, prices rose by 0.3 percent, and stood at 102.4 against the 2005 base average of 100. The price of exports on year rose slightly 0.1 percent but fell 0.1 percent from a month earlier, according to the central bank. The ...
Asia stocks rise as Europe debt crisis fears ease
Published February 9, 2010, 11:17 pm, AP via Yahoo! Finance
Asian stock markets mostly rose Wednesday after Europe and Wall Street gained on hopes a government debt crisis in Europe can be quarantined to smaller economies.
Greece rescue hopes lift stocks but euro wavers
Published February 9, 2010, 11:17 pm, The Globe and Mail
HONG KONG (Reuters) - Asian stocks rose on Wednesday on signs that the European Union may rescue debt-strapped Greece, coaxing nervous investors back to riskier assets, but uncertainty over the plan weighed on the euro.
Greece rescue hope sends Dow back above 10,000
Published February 9, 2010, 11:16 pm, People's Daily
Dow returned back to above 10,000 points level while U.S. stocks pared February's losses on Tuesday as market sentiment turned around on the hope that the European Union would reach out to debt-troubled Greece. All major indexes gained ground. The Dow Jones jumped 150.25, or 1.52 percent, to 10,058.64. The Standard & Poor's 500 index rallied 13.78, or 1.30 percent, to 1,070.52 and the Nasdaq ...
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