India's Sugar Output May Fall 45% This Year as Jaggery Attracts More Cane India’s sugar output may fall 45 percent this year as farmers in the world’s second-largest producing nation divert sugar cane to more profitable jaggery, an industry group said.
Government Bonds Decline on Concern India's Debt Sales Will Reduce Demand India’s 10-year bonds fell for a seventh day, the longest losing streak in almost two months, on speculation increasing government debt sales will reduce demand for existing securities.
India May Require Overseas Banks to Sell 26 Percent Stakes in Local Units Overseas banks in India may have to sell at least a 26 percent stake in their local subsidiaries and meet government targets for lending, under proposals made by a joint central bank and finance ministry panel.
Reliance Shuts Oil Output at Krishna-Godavari Field to Attach More Wells Reliance Industries Ltd., India’s most valuable company, shut its oil-producing field off the nation’s east coast to attach two more wells to increase output, a company official said.
India's Rupee Declines Most in Month on Weak Asian Economic Data, Stocks India’s rupee declined the most in almost a month on concern Asia’s weakening economic data will cause overseas investors to take money out of the region.
Asian Stocks Drop, Breaking 5-Day Streak, on Recession Concern: BHP Falls Asian stocks and U.S. index futures slumped as the Obama administration warned that some banks will need more government aid and bankruptcy may be the best option for General Motors Corp. and Chrysler LLC.
Larsen & Toubro $68 Million order from Nuclear Power for Steam Generators Larsen & Toubro Ltd., India’s biggest engineering company, said it won a 3.45 billion rupee ($68 million) order from the Nuclear Power Corp. of India for four steam generators.
Indian Banks' Loan Growth This Year Threatens to Miss Central Bank Target Indian banks’ total loans to companies and consumers are likely to miss the central bank’s target for the fiscal year as lenders tighten credit to avoid rising delinquencies after economic growth faltered.
Obama Says GM, Chrysler Get One Last Chance, Can't Become `Wards of State' President Barack Obama gave General Motors Corp. and Chrysler LLC deadlines to “fundamentally restructure” or lose government aid that has kept them alive.
Chrysler, Fiat Reach Global Automaker Alliance Supported by U.S. Treasury Chrysler LLC said it, Fiat SpA and Cerberus Capital Management LLC have reached an agreement on a global alliance.
Stocks Drop, Treasuries Gain on U.S. Aid Warning; Citigroup, Daimler Slump Stocks slumped, while Treasuries and the dollar gained, as the Obama administration warned that some banks will need more government aid and that General Motors Corp. and Chrysler LLC have one last chance to restructure.
Ireland Loses Top S&P Debt Rating Amid Deteriorating Financial Conditions Ireland had its AAA credit rating removed by Standard & Poor’s in the fourth downgrade of a euro- region government this year as the global financial turmoil fueled borrowing costs and swelled the budget deficit.
Crude Oil Falls a Second Day on Speculation Global Demand Will Remain Weak Crude oil fell below $50 a barrel as tumbling equity markets signaled that the recession in major energy-consuming countries may deepen, curbing fuel demand.
Morgan Stanley Says Sell U.S. Stocks After Best S&P 500 Rally Since 1930s Investors should sell U.S. stocks following the steepest rally since the 1930s because earnings are likely to keep weakening, according to Morgan Stanley.
Goldman Sachs's Bryon Trott, Adviser to Buffett, Said to Be Leaving Firm Byron Trott, the Chicago-based investment banker who advises billionaire investor Warren Buffett, is leaving Goldman Sachs Group Inc., said two people familiar with the matter.
source: Bloomberg
