Bernard Madoff Will Appear in U.S. Court Today to Attend Hearing on Bail Bernard Madoff is scheduled to appear today in Manhattan federal court for a bail hearing, federal prosecutors said in an e-mailed statement.
Russia Agrees to Talks With Ukraine on Gas Dispute, Warns Debt May Climb Russia and Ukraine agreed to restart talks on their dispute over natural gas prices and transit fees as OAO Gazprom warned that Ukraine risks amassing a debt of “billions of dollars” if the conflict continues.
Byron Wien Forecasts 33% Gain in S&P This Year, Rallies in Crude Oil, Gold Byron Wien, the investment strategist who predicted a recession would drive U.S. stocks lower last year, says the Standard & Poor’s 500 Index will rebound 33 percent in 2009 as the economy recovers.
GM's 2008 U.S. Sales Drop to 49-Year Low; Ford, Honda December Sales Fall General Motors Corp.’s 2008 U.S. sales plunged to a 49-year low, dragged down by a 31 percent plunge in December as demand was ravaged by the recession and concern that the biggest domestic automaker might collapse.
Stocks in U.S. Fluctuate Amid Earnings Concern; AT&T, JPMorgan Chase Slump U.S. stocks drifted between gains and losses as concern that a slump in corporate profits will stretch into 2009 offset speculation the government will revive the economy with tax cuts.
India's Stocks, Rupee Climb After Interest Rate Cuts, Economic Stimulus India’s stock index rose to a two- month high and the rupee strengthened a third day after policy makers slashed interest rates to a record low and unveiled a second stimulus package to bolster economic growth.
India's Economic Revival Hinges on Stimulus, Rate Cuts, Singh Adviser Says India’s next administration needs to cut interest rates and unveil more stimulus packages to revive an economy growing at its slowest pace in six years, the prime minister’s top economic adviser said.
Daiichi Sankyo to Report Writedowns This Week From Buying Stake in Ranbaxy Daiichi Sankyo Co., Japan’s third- largest drugmaker, will write down its 488.7 billion yen ($5.3 billion) purchase of a stake in India’s Ranbaxy Laboratories Ltd. this week, possibly leading to the company’s first annual loss.
India Plans to Deregulate Fuel Prices, Link Them to Crude, Ahluwalia Says India plans to free retail fuel prices from government control and link them to global crude oil, the prime minister’s top economic adviser said, indicating gasoline and diesel costs may be cut for the second time in a month.
Government Bond Yields Slide to Record After India Reduces Interest Rates India’s 10-year bonds surged, sending yields to a record low, after the central bank slashed interest rates for the fourth time in less than three months.
Rupee Strengthens as Stock Index Climbs After Interest-Rate Cuts, Stimulus The rupee strengthened to a one-week high as equities climbed after India slashed interest rates to a record low and unveiled a second stimulus package to bolster economic growth.
Sensitive Index Near Two-Month High on India Rate Cuts, Stimulus Measures Indian stocks rose, with the benchmark Sensitive index at a two-month high after the South Asian nation cut interest rates and unveiled a stimulus package to revive an economy growing at its slowest pace in six years.
Indian Truckers Begin Strike Seeking Lower Fuel Prices, Toll Road Waviers More than four million Indian truckers, who haul a majority of the nation’s goods, began a strike today, demanding the government reduce fuel prices and waive toll charges for six months.
source: Bloomberg
