Asian Stocks Rise Amid Japan, China Stimulus Optimism; PetroChina Advance Asian stocks rose, led by banks and electronics companies, as Japan and China signaled more measures to bolster their sagging economies. The MSCI World Index snapped four weeks of losses with its biggest weekly gain since November.
National Aluminium to Import Coal Next Month to Avoid Disruption in Output National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next month to avoid disruptions in production.
Benchmark Sensex Rises Most Since December, Led by ICICI Bank, State Bank Indian stocks climbed the most since December, led by financial companies, after Bank of America Corp. said it’s profitable and Japan and China signaled they will increase efforts to bolster growth.
India's Stocks May be Worth Another Look on Valuation, Credit Suisse Says Indian stocks may be worth “another look” after the benchmark index retreated to the lowest in more than three years and slowing earnings downgrades made the market the fourth cheapest in Asia, Credit Suisse Group said.
Crude Oil Rises for a Second Day Before OPEC Meets to Weigh Production Cut Crude oil rose for a second day as ministers from the Organization of Petroleum Exporting Countries prepare to meet this weekend to consider a production cut.
Government Bonds Rally After Indian Central Bank Rejects Bids at Auction India’s bonds jumped the most in two months after the central bank rejected all bids at a government debt auction, stoking speculation the monetary authority is seeking to cap yields.
Jobless Rate Above 10% Defines Recession Across U.S. as Bernanke Predicted Sergio Barreto landed his first job out of college during the recession that began in 1990, as a mechanic for United Airlines. He survived the next one a decade later, selling semiconductor materials. This time, he may be out of luck.
Fed Extends Deadline for First Round of TALF Transactions Until March 19 The Federal Reserve’s program to revive the market for securities backed by consumer loans may start with just a handful of deals, according to participants in the preparations, delaying its prospects of easing the credit crunch.
Stocks in U.S. Fluctuate as Technology Slump Offsets Gains in Health Care U.S. stocks drifted between gains and losses as a rally in health-care shares was offset by a drop in technology companies after National Semiconductor Corp.’s credit rating was cut to junk.
Merrill Lynch Bonus Recipients May Be Named in a Week, New York Judge Says A New York judge said he hopes to decide within a week whether the names of Merrill Lynch & Co. employees who received $3.6 billion in bonuses in December should be made public.
Goldman Change to Bonus Terms Helped Cut Compensation Costs by $1 Billion Goldman Sachs Group Inc. changed the way it doles out employee stock awards last year, reducing fourth-quarter bonus expenses by an estimated $1 billion as Congress scrutinized Wall Street pay.
Exxon Discovery Off Brazil's Coast May Contain 8 Billion Barrels of Crude Exxon Mobil Corp.’s oil discovery off the coast of Brazil may hold enough crude to rival the nearby Tupi prospect as the Western Hemisphere’s largest find in three decades.
Buffett Says AIG Asked for Berkshire's Help Twice Before Government Rescue Billionaire Warren Buffett said he was offered two chances to help American International Group Inc. in the final days before the U.S. government intervened to prevent the insurer’s collapse last September.
source: Bloomberg
