S&P 500 index down on US GDP

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Source: Dukascopy Bank
US S&P 500 Index extended losses on Friday, weighted down by lower than expected US GDP data. US benchmark slipped 0.16% or 2.10 points and finished at 1,316.33 with seven out of ten industries posting losses, led by utility companies. Legg Mason fell 5% after the investment management firm's earnings plunged by 50% as customers pulled money out. Ford dropped 4% after posting disappointing revenue due to weak sales in Europe. Main gainer was First Solar, surging 11%. On weekly basis S&P 500 index is 0.95 points up. 





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Mon, 30 Jan 2012 13:04:43 GMT

Nikkei 225 pushed down by slower US growth

Japan's Nikkei Stock Average tumbled on Monday, weighted down by US growth data amid Chinese central bank's  decision to maintain existing reserve requirement. Nikkei 225 Index lost 0.66% or 57.88 points and closed at 8,783.34, driven by industrials on the downside. Toyota Motor Corp  declined 1.7%, Mazda Motor Corp. dropped 3% and Fujitsu Ltd. gave up 3.4%. Advantest Corp. jumped

Mon, 30 Jan 2012 14:54:20 GMT

Coalspur Mines expects 24% higher coal production from Canadian mine

Coalspur Mines Ltd. announced it expects Vista mine to create 24% higher coal output than previously reported. The company said its Vista project may have yearly output capacity of 11.2 million tons of thermal coal as compared to initial estimation of 9 million tons. Strong demand from Asian markets stimulates the development of coal mines, said Gene Wusaty, CEO of

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