Satyam Scandal Needs Fast Probe to Restore Confidence as Stocks Decline India should act quickly to shore up investor confidence after an alleged accounting fraud at Satyam Computer Services Ltd. triggered a plunge in stocks, a former regulator and executive said.
Nath Says Declining Exports, Industrial Output Will Deepen India Slowdown India’s exports and industrial production may extend declines, Trade Minister Kamal Nath said, suggesting the slowdown in Asia’s third-biggest economy may be deeper than previously expected.
Satyam Plunges on Concern Cash May Soon Run Out After Accounts Falsified Satyam Computer Services Ltd. plunged for a second day in Mumbai trading on concern it may run out of money after Chairman Ramalinga Raju said he falsified the accounts and quit.
Aberdeen, Fidelity Dumped Satyam as Shares Plunged After Raju's Disclosure Aberdeen Asset Managers Ltd., Fidelity Management & Research Co. and other major investors dumped Satyam Computer Services Ltd.’s stock as prices collapsed Jan. 7 after Chairman Ramalinga Raju said he falsified accounts.
Indian State Oil Officers Strike Enters Third Day as Fuel Shortages Loom India has asked state governments to take firm action and avert a nationwide fuel shortage as a strike by officers of oil companies entered the third day.
India's Inflation Slows to 10-Month Low, Giving Room for Stimulus Measures India’s inflation slowed to a 10- month low, giving policy makers room to implement further measures to stimulate economic growth without fanning prices.
Stocks in India Decline for Second Day After Satyam Scandal; Larsen Drops India’s Sensitive index fell for a second day, as Satyam Computer Services Ltd. extended declines on concern it may have insufficient funds after Chairman Ramalinga Raju said he falsified accounts.
Government 10-Year Bonds Complete Record Weekly Decline After Debt Auction Indian 10-year bonds completed the biggest weekly decline on record after the government sold debt at higher-than-expected yields at an auction.
U.S. Index Futures, Most European Stocks Decline on Unemployment Concern U.S. stock-index futures and most European shares declined on speculation a report today will show the American economy lost jobs for a 12th straight month. A slump in automakers sent the MSCI Asia Pacific Index lower.
Paulson Bailout Fails to Give Taxpayers Buffett's Terms With Goldman Sachs Henry Paulson may be the most powerful manager of money in the world and he still couldn’t do for taxpayers with the $700 billion bailout of American banks what Warren Buffett did for his shareholders in investing in Goldman Sachs Group Inc.
Job-Market Collapse in U.S. May Have Been Most Severe Since World War II The U.S. probably lost 525,000 jobs in December, capping the biggest collapse in employment since the end of World War II, economists said before a report today.
GMAC, WL Ross Find Loan Servicing Provides No Shelter From Mortgage Storm Bank of America Corp., GMAC LLC, and WL Ross & Co. are among mortgage servicers that have endured billions of dollars in unexpected costs and added thousands of workers to handle rising foreclosures, denting a business once viewed as a safe haven from the housing market’s collapse.
Petrobras Will Pay Most in Bond Market Since 2003 to Fund Tupi Investment Petroleo Brasileiro SA, owner of the Americas’ biggest oil discovery in three decades, will pay the most in the bond market in five years to finance a record investment plan after crude prices tumbled.
Lehman Brothers Said to Weigh Sale of Merchant-Banking Fund to Managers Lehman Brothers Holdings Inc., the bankrupt U.S. securities firm, is in advanced talks to sell a $3.3 billion merchant-banking fund to the managers overseeing the unit, two people with knowledge of the talks said.
source: Bloomberg
