India May Ease Takeover Rules for `Special Cases,' Market Regulator Says India’s market regulator said it will look at easing takeover rules in “special cases,” ahead of a possible acquisition of Satyam Computer Services Ltd., the software company at the center of India’s biggest fraud inquiry.
India's Exports Decline for Third Straight Month as Recession Cuts Orders India’s exports declined for a third straight month in December as the global recession reduced overseas orders, curbing growth in Asia’s third-largest economy.
India to Reduce Coffee Bean Output Estimate as Heavy Rainfall Damage Trees India, Asia’s third-biggest biggest coffee grower, will gather fewer beans than forecast earlier after excessive rainfall damaged the crop in the nation’s main growing region, the state-owned Coffee Board said.
Asian Stocks Decline as Hitachi, Mizuho Losses Deepen Recession Concerns Asian stocks dropped for a second day, led by technology and financial companies, as losses at Hitachi Ltd. and Mizuho Financial Group Inc. fueled concern the global recession is deepening. U.S. futures declined.
Maruti Suzuki January Sales Hit a Record on Demand for SX4, D'zire Sedans Maruti Suzuki India Ltd., the nation’s biggest carmaker, reversed three months of falling sales with a record gain in January on higher demand for its SX4 and D’zire sedans.
Benchmark Sensitive Index Falls; Tata Motors, Mahindra, DLF Lead Declines India’s Sensitive index fell, led by automakers and developers after Tata Motors Ltd., Mahindra & Mahindra Ltd. and DLF Ltd. reported earnings that lagged behind analysts’ estimates.
DLF, Unitech Plunge in Mumbai Trading on Lower-Than-Expected Earnings DLF Ltd. and Unitech Ltd., India’s two biggest developers, fell in Mumbai trading after reporting third- quarter profits that missed analysts’ estimates.
Gold May Rise for Third Week on Demand for Cash Alternative, Survey Shows Gold may rise for a third straight week on speculation that demand for an alterative to cash will spark purchases of the precious metal.
Stocks in U.S. Drop on Concern Recession Deepening; Bank of America Falls U.S. stocks fell, extending the global market’s worst start to a year, on concern the recession is deepening and the government will require banks to comply with stricter bailout conditions.
Deutsche Bank Is Said to Cut Bonuses by Average of 60% After Record Loss Deutsche Bank AG, Germany’s biggest bank, plans to cut bonuses at the securities unit by an average of 60 percent after reporting a record loss, a person with knowledge of the situation said.
Pound Declines Against Dollar, Slides the Most in Two Months Versus Euro The pound fell for the first time in six days against the dollar and the most since December versus the euro after Barclays Plc’s credit rating was lowered and traders raised bets the Bank of England will cut interest rates.
Obama Should Nationalize U.S. Banks in Any Bailout, Economist Krugman Says President Barack Obama shouldn’t hesitate to nationalize the banks that need to be bailed out, Noble Prize-winning economist Paul Krugman said.
Sanofi Is Seeking Acquisitions, Has $5.1 Billion in Cash, Union Aide Says Sanofi-Aventis SA Chief Executive Officer Chris Viehbacher told employees France’s largest drugmaker has 4 billion euros ($5.1 billion) and is seeking acquisitions, a union representative said.
source: Bloomberg
