Tata's Nano, World's Cheapest Car, May Not Help Automaker Pay Down Debt Tata Motors Ltd., the owner of Jaguar and Land Rover, will begin sales of the world’s cheapest car, the Nano, from July as the company targets motorcycle buyers wanting to trade up to four wheels.
China, India Asked to Adopt Greenhouse-Gas Limits at Global Climate Talks China, the largest producer of greenhouse gases, and dozens of developing nations will be asked to drop their years-long refusal of numerical goals for reducing global-warming pollution at international talks next week.
Fidelity's Manager of India Focus Fund to Leave After Investment Review Fidelity Investments said Arun Mehra, the manager of its $1.1 billion India fund, is leaving after an investment review.
Reliance Industries Proposes Higher Marketing Margin in Gas-Sale Accords Reliance Industries Ltd., India’s most valuable company, has proposed to increase the marketing margin of gas to be sold to fertilizer makers, an official of the industry grouping said.
Stocks in India Climb to Highest in a Month; ICICI, Tata Consultancy Gain Indian stocks rose, with the benchmark index set to climb to its highest in more than a month, on optimism U.S. stimulus measures will help ease the credit crisis and revive global economic growth.
`Bull-Market' Equities Rally Has Begun, Templeton Asset's Mark Mobius Says Templeton Asset Management Ltd.’s Mark Mobius said the next “bull-market” rally in developing- nation equities has begun as stocks surged from Shanghai to Moscow on the U.S. Treasury’s plan to revive the banking system.
Asian Stocks Climb on Expectations Government Stimulus Will Revive Growth Asian stocks gained, pushing the benchmark index up the most in three months, and U.S. futures rose on optimism governments will revive lending and ease the worst slump since the Great Depression.
Treasury Announces $1 Trillion Public-Private Plan to Buy Banks' Bad Debt The Obama administration unveiled its long-awaited plan to remove toxic assets from the books of the nation’s banks, betting that it can revive the U.S. financial system without resorting to outright nationalization.
Citigroup, Bank Shares Rise on U.S. Plan to Unclog Lenders' Balance Sheets Bank shares rose, led by Citigroup Inc. and Bank of America Corp., after the U.S. Treasury said it would finance as much as $1 trillion in purchases of distressed assets clogging lenders’ balance sheets.
ING Asks Employees to Return 2008 Bonuses, Defers Payments Pending Review ING Groep NV, the first Dutch bank to tap a government rescue package, asked 1,200 workers including its 200 “top employees” to return last year’s bonuses, joining rivals including UBS AG in cutting pay to assuage taxpayer criticism.
`Bull-Market' Rally Has Begun in Developing Nations' Equities, Mobius Says Templeton Asset Management Ltd.’s Mark Mobius said the next “bull-market” rally in developing- nation equities has begun as stocks surged from Shanghai to Moscow on the U.S. Treasury’s plan to revive the banking system.
Euro Currency of Choice as Quantitative Easing Drives Dollar Depreciation Less than a month after lambasting European Central Bank President Jean-Claude Trichet for failing to keep up with Ben S. Bernanke’s efforts to stem the recession, foreign-exchange traders are glad he’s behind the curve.
Bank Bond Spreads Widest Since 1996 Tell Stock Market Rebound in Jeopardy This month’s record rally in U.S. financial companies is in jeopardy, according to the bond market, where concern about bank failures is growing.
source: Bloomberg
