Lockheed, Boeing $11 Billion Fighter-Jet Order Snags on U.S.-India Talks Efforts by Lockheed Martin Corp. and rival Boeing Co. to win India’s $11 billion fighter-jet order, the largest military contest in play worldwide, hinge on whether the South Asian nation will allow U.S. officials to monitor the use of American-made defense equipment.
Sensex Snaps Three-Day Rally on Concern U.S. Plan Won't Ease Credit Crisis India’s key stock index fell, capping a three-day, 6.1 percent rally. Tata Consultancy Services Ltd. led software exporters lower on concern the proposed U.S. bank rescue will fail to boost the sector’s biggest market.
Reliance Power Plants May Face Delay as Credit Crunch Slows Loan Approvals Reliance Power Ltd., the utility that sold shares in India’s biggest initial public offering last year, may face delays in building its largest coal-fired plants as the global credit crunch holds up loan approvals.
Sri Lanka Lowers Rates for Second Time in Two Months to Bolster Growth Sri Lanka’s central bank lowered its overnight lending rate for the second time in two months to support the island’s economic growth amid a global recession.
Bonds Gain on Speculation Central Bank Will Cap Yields by Purchasing Debt India’s bonds rose on speculation the central bank will cap yields by purchasing securities from investors amid record debt sales by the government.
India's Sugar Production May Revive Next Year as Prices Gain, Bhartia Says Sugar output in India, set to import the sweetener for the first time in three years, may rebound at least 20 percent next year as rising prices spur farmers to plant more cane.
Embraer Aims to Win More Military Plane Orders as India Upgrades Air Force Empresa Brasileira de Aeronautica SA, the world’s fourth-largest aircraft maker, aims to win more orders for military aircraft from India as the South Asian nation upgrades its air force.
India's Edible Oil Imports May Rise 14 Percent as Palm Oil Prices Decline India, the world’s biggest buyer of vegetable oils after China, may import 14 percent more cooking oil in the year to October because of a drop in palm oil prices.
King Says Fixing `Deep' U.K. Recession May Mean Rate Cuts, Cash Infusions Bank of England Governor Mervyn King said the U.K. is in a “deep recession” that will probably require lower interest rates and an increase in the supply of money.
Geithner Leaves Key Questions Unanswered, Risking Sabotage for Bank Plan Treasury Secretary Timothy Geithner ducked the tough questions investors want answered as he rolled out a plan to repair the financial system -- and stock traders made him pay for it.
Stocks in Europe, Asia Fall on Credit Suisse, Peugeot Losses, Bank Concern Stocks in Europe and Asia fell as PSA Peugeot Citroen posted a loss and speculation grew that the proposed U.S. bank rescue won’t revive credit markets and the global economy. U.S. index futures were little changed.
Goldman Sachs, Morgan Stanley Outperform Competitors Slowed by Writedowns Goldman Sachs Group Inc. and Morgan Stanley, securities firms that morphed into banks to endure a loss of confidence in Wall Street, are outpacing commercial lenders as investors shun companies that hold consumer debt.
Credit Suisse Posts Wider-Than-Estimated $5.2 Billion Loss on Trading Drop Credit Suisse Group AG, Switzerland’s second-biggest bank, reported a record fourth-quarter loss after the worst financial crisis since the Great Depression battered trading results.
Morgan Stanley Names Kindler Global M&A Chief Following Death of MacDonald Morgan Stanley named Robert Kindler global head of mergers and acquisitions following the death of Gavin MacDonald in December.
Investors Worldwide Predict More Declines in Next Six Months for Stocks Investors in 10 markets from New York to Paris and Tokyo forecast that stocks will fall over the next six months, snuffing out a two-week rally, as policy makers grapple with the deepest global recession since World War II.
source: Bloomberg
