India's Nuclear Power to Raise $4 Billion Overseas Loan for Areva Venture Nuclear Power Corp. of India plans to raise 3 billion euros ($4 billion) in overseas debt to fund a project to be built in partnership with Areva SA, the world’s biggest maker of atomic reactors.
Tata May Garner 500,000 Orders in Two Weeks for Nano, World's Cheapest Car Tata Motors Ltd., the Indian maker of Jaguar and Land Rover luxury vehicles, may get as many as 500,000 orders for the Nano, the world’s cheapest car, five times more than it initially plans to sell, analysts said.
Asian Stocks Gain on Policy Optimism; Commonwealth, Tokyo Electric Climb Asian stocks rose, with the regional benchmark index set for its biggest monthly gain in ten years, amid optimism governments worldwide will succeed in reviving lending and global growth.
Bombay Stock Exchange Sensitive Index Climbs for 3rd Day, Led by Reliance Indian stocks rose for a third day, led by Reliance Industries Ltd. and Infosys Technologies Ltd. on expectation they will benefit from a change in the way the National Stock Exchange computes the S&P CNX Nifty Index.
Jaiprakash's Margins May Be Little Changed on Power, Construction Costs Jaiprakash Associates Ltd.’s profit margin may be little changed this year, Chairman Manoj Gaur said, as electricity and construction costs increase at India’s biggest dam builder.
Oil Retreats From Four-Month High on Signs of Deepening Global Recession Crude oil fell in New York, retreating from the highest level in four months after economic reports raised doubts about a recovery and demand for energy.
India's Sensex Starts Next Rally in Five-Wave Cycle: Technical Analysis India’s key stock index may be embarking on its second rally of a five-wave cycle that may help the benchmark surpass its earlier record high, according to technical analysis by Elliott Wave International Inc.
Stocks in U.S. Rally, Extending S&P 500's Biggest Monthly Gain Since 1987 U.S. stocks rose, extending the best monthly rally since 1987 for the Standard & Poor’s 500 Index, as unexpected growth in durable-goods orders and new-home sales spurred speculation the economy is stabilizing.
Durable Goods Orders, New-Home Sales in U.S. Indicate Less Drag on Growth Orders for durable goods and sales of new homes unexpectedly rose in February, reports today showed, a sign of improvement in two of the biggest drags on the U.S. economy.
U.K. Bond Auction Falls Short for First Time in Seven Years on Brown Plans The U.K. failed to find enough buyers for 1.75 billion pounds ($2.55 billion) of bonds for the first time in almost seven years as debt investors repudiated Prime Minister Gordon Brown’s plan to stem the worst economic crisis in three decades.
Treasury Plans Rules to Tackle Fraud, Seeks Power With FDIC to Seize Firms The Obama administration plans to unveil new rules to protect consumers and investors against financial fraud, aiming to stamp out practices that helped spark the mortgage-market crisis.
Hedge Fund Employee Pay May Decline 25% in 2009 as Investor Fees Evaporate Compensation for U.S. hedge-fund employees may drop as much as 25 percent this year as the firms try to recoup last year’s investment losses.
Geithner Remarks on Special Drawing Rights Roil Foreign-Exchange Markets Comments by Treasury Secretary Timothy Geithner on the use of an International Monetary Fund unit of account sent the dollar tumbling before he clarified that the dollar should remain the world’s reserve currency.
Goldman Sachs, American Express May Sell Portions of Their Stakes in ICBC Goldman Sachs Group Inc. and American Express Co. may sell part of their stakes in Industrial & Commercial Bank of China Ltd., the world’s biggest lender by market value, after the company posted its slowest profit growth in at least a year.
source: Bloomberg
