US stocks overnight closed at a new high for the year as the G20 finance ministers and central bankers pledged to keep stimulus measures until a recovery was certain. Dow jumped more than 200 points for the session, with 29 of the index's 30 components finished in the green.
During the first quarter of the 2010 financial year, NewSat Limited (ASX:NWT)(OTC:NWTLY) made several announcements documenting new contracts won and the performance by the sales team against the quarterly quota. With the books closed on the first quarter, the company reports on the financial progress.
The launch of 3G service in China has provided good opportunities for global telecom giants, such as Nippon Telegraph and Telephone Corp. (TYO:9432). The Japanese group will tap the China market by cooperating with China Mobile (HKG:0941), the largest cell phone carrier in China, to send Japanese manga in the country.
NewSat Limited (ASX:NWT) Response to EWC's Corrective Announcement - EWC Payments Pty Ltd (EWC) yesterday released an announcement which corrected misleading statements made by EWC in earlier announcements dated 3 September 2009. In particular, EWC has now substantially reduced its claimed revenue and profit for the 2007 and 2008 calendar years.
NewSat Limited (ASX:NWT)(OTC:NWTLY) strong growth and quarterly success continues as the company announces it has overachieved aggressive first quarter sales targets. In a period when corporate Australia is struggling in the wake of the Global Financial Crisis, NewSat has gone from strength-to-strength in continuing to present an increase in quarterly results.
Wall Street closed mixed on Monday ahead of the Federal Reserve's monetary policy meeting. The Federal Reserve is widely expected to leave the near-zero interest rate unchanged, but may begin scaling back some economic stimulus. Traders moved into technology and health care shares amid concerns the energy, materials and financials were overbought.
Overnight Wall Street posed a solid gain as an upbeat sentiment that the worst is over increased investors' appetite for riskier assets. The shares were lifted by a round of buying in financial shares and a jump in US industrial production data.
