India Will Need More Stimulus Measures to Maintain Growth, Ahluwalia Says India will need to introduce further measures to stimulate growth, said Montek Singh Ahluwalia, deputy chairman of the nation’s Planning Commission, ahead of a Group of 20 meeting on the global economic crisis.
Sensitive Index May Extend Bull Run With a 35% Gain in 12 Months, UBS Says India’s benchmark stock index may rise 35 percent in the next 12 months, extending a bull market in anticipation of a recovery in earnings the following year, UBS AG predicted.
Benchmark Indian Sensex Has Best Weekly Gain in Five Months; ICICI Climbs India’s benchmark stock index rose, completing the best week in almost five months, as ICICI Bank Ltd. led lenders higher as the government pledged to revive growth and the U.S. announced plans to revive credit markets.
Reliance Industries Agrees to Start Selling Gas to 12 Fertilizer Companies Reliance Industries Ltd., India’s biggest company by market value, signed accords to start selling gas to 12 fertilizer companies, paving the way for higher production of crop nutrients.
Dollar, Yen Rise as Traders Flee Euro, Pound on Deepening European Slump The dollar and yen rose as traders fled the euro and pound on evidence the recession is deepening in Europe.
Asian Stocks Rise on Optimism Global Growth is Recovering; Rio Tinto Gains Asian stocks fluctuated, with the region’s benchmark index paring gains that drove valuations to the highest levels since December 2007.
U.S., European Stocks Drop, Led by Commodity Producers; Exxon Mobil Slides U.S. and European stocks retreated, trimming a third-straight weekly advance for both markets, after lower oil and metal prices dragged down commodity producers and the U.K. economy contracted more than previously estimated.
Obama Seeks Support From JPMorgan, Goldman Sachs, Citigroup on Bank Plan President Barack Obama will seek support today from executives of the nation’s largest banks for his plan to stabilize the financial system and try to get beyond the furor over bailouts and bonuses.
Consumer Sentiment in U.S. Holds Near Three-Decade Low as Job Losses Mount Confidence among U.S. consumers held in March near the lowest level in three decades as job losses mounted.
Dollar, Yen Climb as Traders Flee Euro, Pound on Deepening European Slump The dollar and yen rose as traders fled the euro and pound on evidence the recession is deepening in Europe.
Cuomo Expands AIG Bonus Probe With Subpoena of Credit-Default Swap Data New York Attorney General Andrew Cuomo, building on his investigation of American International Group Inc.’s bonuses, subpoenaed data on credit derivatives to determine whether Goldman Sachs Group Inc., Deutsche Bank AG and other banks improperly received taxpayer funds.
Barclays Says It Passes Regulator Stress Test, Doesn't Require New Capital Barclays Plc may not need to raise additional capital after Britain’s third-largest bank passed tests conducted by the U.K.’s financial regulator.
Irish Bonds Are `Great Bargain' After Price Slump, Debt Chief Somers Says The man who helped cut Ireland’s debt costs stemming from the days of chronic deficits in the early 1980s said investors are getting a “great bargain” from the government’s bonds following this year’s slump in prices.
source: Bloomberg
