Indian Stocks Climb as Inflation Slows; Sensex Advances to Two-Week High Indian stocks rose, with the Sensitive Index climbing to its highest in two weeks, after the nation’s inflation rate fell to the lowest since early March, giving the central bank scope to cut interest rates further.
Inflation Slows to 10-Month Low, Giving India Room for Interest Rate Cut India’s inflation rate fell to the lowest since early March as demand slowed and oil prices eased, giving the central bank scope to cut interest rates further.
Share Sales Slide 46% in India as Worst Year for Stock Index Halts Offers Indian initial share sales slumped 46 percent last year as a record decline in the benchmark index spurred investors to shun stocks and Emaar MGF Ltd. and Jaiprakash Power Ventures Ltd. to cancel offers.
Exports by India Fall a 2nd Month, Adding Pressure to Cut Interest Rates India’s exports fell for the second straight month, adding pressure on the central bank to cut interest rates and support growth in Asia’s third-largest economy.
Emerging Market Stocks Post Worst-Year Ever, May Rebound on BRICs Rally Emerging-market stocks fell the most ever last year and investors are looking for Brazil, Russia, India and China to lead a reversal in 2009.
Rupee Advances on First Day of 2009 as Global Funds May Resume Purchases India’s rupee, which completed the worst year since 1991, strengthened for the first time in three days on speculation global funds will buy local stocks as the government steps up efforts to stave off an economic slump.
Gold Imports by India Slump for Second Month as Price Gain Deters Buyers Gold imports by India, the world’s biggest consumer, fell for the second straight month after terror attacks on the country’s financial capital and escalating conflict between Israel and Hamas pushed prices higher.
Bonds Rise a Fourth Day as Report Shows Inflation Slowed to 10-Month Low India’s benchmark bonds advanced a fourth day as a government report showed the inflation rate dropped for a 10th straight week to the lowest since March.
Gazprom Halts Gas Supply to Ukraine After Failure to Agree on Export Price Russia halted gas supplies to Ukraine today for the second time in three years in a payments dispute, raising the threat of disruption to natural-gas shipments to Europe, as both sides said they wanted talks to resume.
Commodities Boom Turned to Bust as World Economy Crumbled in Second Half Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession.
U.S. Stocks Post Steepest Yearly Decline Since Depression, Dow Plunges 34% U.S. stocks plunged the most in 2008 since the Great Depression as financial shares collapsed, energy and metal producers tumbled and the world’s biggest economy suffered a yearlong recession.
LyondellBasell Considers Bankruptcy Filing as $12.7 Billion Takeover Sours LyondellBasell Industries AF, the chemicals maker controlled by billionaire Len Blavatnik, may file for bankruptcy as a way to restructure debt that financed its $12.7 billion merger a year ago.
Yen, Dollar Post 2008 Advance Versus Euro as Recession Spurs Safety Demand The yen and the dollar posted annual gains versus the euro as the first simultaneous recessions in the U.S., Europe and Japan since World War II encouraged investors to take refuge in the currencies.
Treasuries Rally Most Since 1995 as Recession Forces Fed to Reduce Rates Treasuries recorded their biggest annual gain since 1995 as falling stocks and frozen credit markets drove investors to the relative safety of U.S. government debt.
Trump Entertainment Buys Additional Three Weeks to Restructure Its Debt Trump Entertainment Resorts Inc. has until Jan. 21 to negotiate a debt restructuring after 70 percent of its bondholders and a bank agreed to extend the deadline following a missed interest payment.
source: Bloomberg
