Reliance Offers One Share to Every 16 Held in Petroleum Unit; Shares Fall Reliance Industries Ltd., India’s most valuable company, offered one of its shares for every 16 held in Reliance Petroleum Ltd. as it seeks to buy back its crude processing unit and create the world’s biggest refining business.
India Exports Fell in January by Most in Decade as Recession Curbs Demand India's exports plunged the most in a decade in January as the global recession damped demand for the nation's goods.
Rupee Slides to Record Low as Global Slump Forces Funds to Pull Money Out India’s rupee dropped to a record low as mounting global stock losses added to concern investors will pull money out of riskier emerging-market assets.
India Eases Import Ban on Chinese Toys; Seeks Global Quality Assurance India eased the ban on imports of Chinese toys, three weeks after China said the sanctions could hurt bilateral trade relations.
Satyam May Make Announcement on Stake Sale Plan in Few Days, Chairman Says Satyam Computer Services Ltd., the Indian software provider at the center of the nation’s largest corporate fraud inquiry, said it expects to announce its stake sale plan in a few days.
Maruti Suzuki India Posts Record Sales in February on Highest-Ever Exports Maruti Suzuki India Ltd., maker of half the cars sold in the country, boosted sales 24 percent to a record last month, helped by its highest-ever exports and local demand.
AIG Gets New Round of Government Aid as Insurer Reports $61.7 Billion Loss American International Group Inc., the insurer deemed too important to fail, will get as much as $30 billion in new government capital in a revised bailout after posting the worst loss by a U.S. corporation.
Stocks Drop Worldwide as Treasuries Advance on Concern Economies Worsening Stocks in Europe and Asia fell, U.S. futures slumped and Treasuries rose as Warren Buffett said the economy is in a “shambles” and American International Group Inc. announced a $61.7 billion loss.
VIX Premium Shows Bear Market Lasting Two Years in U.S. as Traders `Panic' Options investors are paying twice this decade’s average to protect against losses in U.S. stocks through 2011, signaling the bear market that already wiped out $10.4 trillion of equity value may last two more years.
HSBC to Raise $17.7 Billion in Share Sale, Cut Jobs, Close Some U.S. Units HSBC Holdings Plc plans to raise 12.5 billion pounds ($17.7 billion) in the U.K.’s biggest rights offering as it eliminates 6,100 jobs and closes consumer lending units in the U.S. after subprime losses cut profit.
Buffett Says U.S. Economy Is `In Shambles,' Will Recover From `Freefall' Billionaire Warren Buffett said the economy will be “in shambles” this year, and perhaps longer, before recovering from the reckless lending that caused the worst “freefall” he ever saw in the financial system.
Crisis Pushes Europe to Fix Euro's Flaws With More Regulation, Closer Ties What doesn’t kill the euro region may make it stronger.
GM, Chrysler May Report Sales So Low That Recovery Is 'Difficult to See' General Motors Corp. and Chrysler LLC, weathering the worst U.S. auto-sales market since the early 1980s’ recession, may find it hard to close enough plants to repay federal loans until demand rebounds.
source: Bloomberg
