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Saturday, December 20, 2008

News Flash

Mobius Sees `Beginning of Next Bull Phase' in 2009 for Emerging Markets Emerging-market stocks are “bottoming” and will begin a new bull market next year as interest-rate cuts spur economic growth in developing nations, investor Mark Mobius said.

India's Reliance Industries Raised $6 Billion in Third Quarter, Mint Says Reliance Industries Ltd. raised about 290 billion rupees ($6 billion) in the quarter ending Dec. 31, the Mint reported, without saying where it got the information.

Housing Development Cuts Home Loan, Deposit Rates as Funding Costs Ease Housing Development Finance Corp., India’s biggest home mortgage provider, lowered the rate it charges for all loans and deposits by 50 basis points.

India May Extend Steepest Set of Rate Cuts Since 2000 as Inflation Slows India's central bank has scope to extend the steepest set of interest-rate cuts since 2000 after inflation slowed to a nine-month low, economists said.

source: Bloomberg
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