India's Sugar Output Will Miss Forecast as Yields Fall, Supporting Prices India, the world’s second-biggest sugar maker, may produce 1.2 million tons less this year than forecast last month because of lower yields in the main cane growing state, likely tightening global supply.
Westinghouse, Larsen & Toubro to Make Nuclear-Power Equipment in India Toshiba Corp.’s Westinghouse Electric Co. said it will tie up with Larsen & Toubro Ltd. to build equipment for nuclear power plants in India, aiming to tap demand after the government signed international atomic-energy accords.
Bonds Complete Best Week in a Month on Inflation, Interest-Rate Outlook India’s bonds completed their best week in a month on speculation the central bank will further cut interest rates as economic growth and inflation slow.
Satyam Computer Counts on Arrested Chairman's Deputies to Retain Clients Satyam Computer Services Ltd., India’s fourth-largest software exporter, is relying on top lieutenants of its arrested founder to retain clients as the government-appointed board struggles to find replacements.
Benchmark Indian Sensitive Index Advances; Reliance Industries Lead Gains The Bombay Stock Exchange’s Sensitive Index rose, led by Reliance Industries Ltd.
Rupee Gains on Speculation Exporters, Local Banks Trimmed Dollar Holdings India’s rupee strengthened on speculation some exporters converted overseas earnings after the local currency dropped yesterday to a one-week low.
Tata Consultancy Says Citigroup Contract Intact After Smith Barney Sale Tata Consultancy Services Ltd., India’s largest software-services provider, said its $2.5 billion contract with Citigroup Inc. remains in place after the bank sold control of its Smith Barney brokerage.
Asian Stocks Rise, Pare Weekly Loss, on Weaker Yen, China Stimulus Report Asian stocks rose, paring the benchmark index’s steepest weekly loss in two months, as the weaker yen boosted Japan’s electronics and auto makers and speculation grew China will pass another stimulus package.
Citigroup Will Split After Posting $8.29 Billion Loss for Fourth Quarter Citigroup Inc. posted an $8.29 billion fourth-quarter loss, completing its worst year, as the credit crisis eroded mortgage-bond prices and customers missed more loan payments. The stock rose after the company announced plans to split in two.
Bank of America Has First Loss in 17 Years, Gets $138 Billion U.S. Bailout Bank of America Corp., the largest U.S. bank by assets, posted its first loss since 1991 and cut the dividend to a penny after receiving emergency government funds to support the acquisition of Merrill Lynch & Co.
U.S. Regulators Pushed Toward `Dramatic' Steps to Bolster Banking System Renewed questions about U.S. banks’ viability are pushing regulators toward a new plan that would remove toxic assets from bank balance sheets, in what may become the biggest effort yet to unfreeze lending.
Global Stocks Advance; MSCI World Index Rises for First Time in Eight Days Stocks in Europe and Asia rallied, sending the MSCI World Index to its first gain in eight days, and U.S. futures rose after Bank of America Corp. received a $138 billion lifeline and Intel Corp. said profitability may rebound.
Treasuries Tumble as Stocks Rise on Government Bailout of Bank of America Ten-year Treasuries fell the most in almost two weeks as stocks gained on government efforts to bail out banks, reducing the haven appeal of U.S. debt.
Ireland Leads Surge in Government Bond Risk After Seizure of Anglo Irish Ireland led a surge in the cost of protecting European government bonds from default to record highs after its seizure of Anglo Irish Bank Corp. triggered concern over mounting bank bailouts.
Dow Average May Fall to 6,000 Should 2008's Low Be Pierced, Acampora Says A decline in U.S. stock indexes below the 2008 lows from November may trigger a rout that pushes benchmark averages to levels not seen since the mid-1990s, according to two leading technical analysts.
source: Bloomberg
