Asian Stocks Gain as Governments Step Up Stimulus Efforts; Automakers Gain Asian stocks rose for a second day as governments widened efforts to revive economic growth and the region’s automakers strengthened their grip on the U.S. car market.
India's Ahluwalia Says Financial Stimulus Plans Will Continue Next Year India’s fiscal stimulus plans will need to extend into the financial year starting April 1, said Montek Singh Ahluwalia, deputy chairman of the Planning Commission.
Chevron Says It Has Until Mid-Year to Decide on Reliance Petroleum Stake Chevron Corp. said it has until the middle of this year to decide whether to increase its stake in an oil refining unit of Reliance Industries Ltd., India’s biggest company by market value.
Rupee Closes at Two-Week High as Capital Inflows May Rise on Stock Gains India’s rupee closed at the highest level in more than two weeks as stock gains fueled optimism risk aversion will wane and overseas funds will return to buy emerging-market assets.
Stocks Advance for Second Day, Led by Tata Steel, Sterlite on Metal Prices Indian stocks rose for a second day, led by Tata Steel Ltd. and Sterlite Industries India Ltd. as metal prices climbed and on expectation increased stimulus spending in the U.S. and China may boost profits.
Government Bond Fall, Pushing Yields to Two-Month High, on Supply Concern India’s bonds fell, pushing yields to the highest level in almost two months, on concern the government will increase debt sales as it steps up spending.
Reliance Industries Supplying Gasoline, Gasoil to Iran, Oil Daily Reports Reliance Industries Ltd. is continuing to supply gasoline to Iran, the International Oil Daily said without saying where it got the information.
Areva Signs Initial Agreement to Sell Reactors to India's Nuclear Power Areva SA, the world’s biggest maker of atomic reactors, signed a preliminary sales agreement with Nuclear Power Corp. of India that will help build the country’s first large-capacity plant using overseas equipment after a global ban was lifted last year.
U.S. Service Industries Shrink at Slower Pace as Drop in Orders Moderates U.S. service industries contracted in January at a slower pace than forecast as the slump in orders moderated, even as employment sank further.
Obama Orders $500,000 Pay Cap for Executives at Companies Getting Most Aid President Barack Obama will announce today that he’s imposing a cap of $500,000 on the compensation of top executives at companies that receive significant federal assistance in the future, responding to a public outcry over Wall Street excess.
Stocks in U.S. Rise, Led by Commodity Producers, Banks; Citigroup Advances U.S. stocks gained for a second day on higher commodity prices and speculation President Barack Obama’s guarantee for illiquid bank assets will shore up the financial system.
Goldman Sachs Would Like to Pay Back U.S. TARP Funds Soon, CFO Viniar Says Goldman Sachs Group Inc., which took $10 billion from the U.S. Treasury in October, would like to pay back the money from the so-called Troubled Asset Relief Program, or TARP, said David Viniar, the firm’s chief financial officer.
Madoff Tipster Markopolos Cites `Ineptitude' in SEC's Fraud Investigation Harry Markopolos, a former money manager who sought to convince regulators for nine years that Bernard Madoff was a fraud, said the U.S. Securities and Exchange Commission suffers from “investigative ineptitude.”
Pimco Will Cut `Non-Strategic' Jobs in London, Munich as Funds Pare Costs Pacific Investment Management Co., manager of the largest bond fund, will cut jobs in the London and Munich offices employing 180 people as asset growth slows with the decline in financial markets worldwide.
Daniel Och Spends $7 Million Buying Shares of His Hedge Fund Firm Och-Ziff Daniel Och, chief executive officer of Och-Ziff Capital Management Group LLC, spent about $7 million buying shares over the past three months in the hedge fund firm he founded.
source: Bloomberg
