Gold Reaches Record, Cooling India Wedding Season Demand, as Rupee Drops Gold reached a record in India after bullion prices climbed above $950 an ounce and the Indian rupee weakened the most in a month, cooling demand for the imported metal by the world’s biggest consumer.
India Doesn't Plan to Probe Other Software Companies After Satyam Inquiry India doesn’t plan to investigate any software companies apart from Satyam Computer Services Ltd., subject of the country’s biggest fraud inquiry, Company Affairs Minister Prem Chand Gupta told lawmakers today.
Asian Benchmark Stock Index Falls Most in Three Weeks on Economy Concern Asian stocks slumped, dragging the regional benchmark index down by the most in three weeks, on concern the deepening global recession will drive up funding costs and hurt trade.
Bonds Decline a 3rd Day as India's Record Borrowing Increases Debt Supply India’s benchmark bonds fell for a third day on speculation investors will demand higher yields as the government sells record amounts of debt.
Rupee Drops Most in 3 Months as Global Recession Dims India Export Outlook India’s rupee dropped the most in three months on speculation the nation’s current-account deficit will swell as a global recession hurts exports.
Indian Stocks, Bonds, Rupee Drop on Plan for Record Government Borrowing India’s stocks, bonds and currency fell on concern record government borrowing to fund economic stimulus will backfire by driving up borrowing costs for businesses and consumers.
Subhiksha Expects Decision on Restructuring Debt, Bailout By April End Subhiksha Trading Services Ltd., the Indian retailer seeking funds to restart operations, said lenders will decide on rescheduling loan repayments of 7.5 billion rupees ($153 million) and a bailout by April end.
Jindal Steel Expects Revival in Domestic Demand as India Boosts Spending Jindal Steel & Power Ltd., India’s second-biggest steelmaker by market value, expects domestic metal demand to increase after the government announced plans to boost spending and spur economic growth.
Stocks Drop Around Globe, Led by Banks, as Euro Declines, Treasuries Rise Stocks in Europe and Asia dropped and U.S. futures slumped on concern banks may face rating downgrades and further losses as the recession deepens. Gold climbed to a seven-month high, while Treasuries gained.
Wal-Mart Profit Falls Less Than Analysts Estimated on Food, Drug Discounts Wal-Mart Stores Inc., the world’s largest retailer, reported fourth-quarter profit that fell less than analysts estimated after discounts on groceries and drugs attracted consumers.
General Motors, Chrysler Push for More Aid to Address Legacy of Mistakes General Motors Corp. and Chrysler LLC, already relying on government aid to survive, take their case to the U.S. Treasury today that they can undo past mistakes and justify more U.S. aid to return to profit.
Sirius XM Radio to Get $530 Million Investment From Malone's Liberty Media Sirius XM Radio Inc., the satellite broadcaster, will receive $530 million in loans from John Malone’s Liberty Media Corp. in exchange for board seats and an equity stake, avoiding a bankruptcy filing.
Insolvent Euro States May Need Bailout From Richer Ones, Steinbrueck Says German Finance Minister Peer Steinbrueck said euro-region countries may be forced to bail out other members of the 16-nation bloc that face problems refinancing their debt.
Shipping Costs' 147% Rise Signals Rally for Commodity Nations' Currencies Shipping costs have more than doubled this year, so it may be time to buy kroner, Aussies and loonies.
Zero-Rate World Puts Trichet Behind Bond Curve as Europe Recession Deepens Jean-Claude Trichet’s decision this month to keep interest rates unchanged will push Europe’s economy deeper into a recession, the region’s bond prices show.
source: Bloomberg
