India's Industrial Output Falls, Inflation Cools, Raising Rate-Cut Chance India’s industrial production fell the most in more than 14 years and inflation slowed to the weakest in at least two decades, increasing pressure for more interest-rate cuts to revive economic growth.
Benchmark Sensitive Index Posts Longest Winning Run in a Year; Metals Gain Indian stocks rose for a sixth day, posting its longest winning streak in almost a year. Commodity producers tracked gains in prices of metals.
Rupee Pain Means Exporters' Gain as Indian Companies Beat China to Sales Gokaldas Exports Ltd., India’s biggest garment exporter, says the rupee’s slide to a record low helped to win orders from rivals in China, where the yuan gained against the dollar in the past year.
Inflation in India Slows to 0.26%, Increasing Chance of Interest Rate Cut India’s inflation slowed to the weakest pace in at least two decades in the last week of March, giving the central bank room to cut interest rates further to revive economic growth.
IBM Targets India's Biggest Deals to Beat Outsourcing Rivals at Own Game International Business Machines Corp. is expanding in India and grabbing enough customers to take the top spot in the country’s domestic information- technology market from local rivals.
India Starts Largest Sale of Oil, Gas Exploration Blocks; Offers 70 Areas India started its largest auction of oil and gas fields, offering 70 areas for exploration when energy producers are cutting investments because of falling prices and the global recession.
Indian Stocks Raised to `Overweight' at UBS Wealth on Inflation, Demand Indian stocks have been raised to “overweight” by UBS Wealth Management as domestic demand improves and easing inflation paves the way for more rate cuts.
Wells Fargo Quarterly Profit Tops Estimates, Sparking Rally in Bank Shares Wells Fargo & Co., the second- biggest U.S. home lender, reported a record first-quarter profit that beat the most optimistic Wall Street estimates, sparking a rally in bank shares on speculation that the industry’s slump has ended.
Stocks Gain Worldwide, Oil Climbs as Treasuries Fall; JPMorgan Shares Jump Stocks rallied around the world as better-than-estimated earnings at Wells Fargo & Co. and speculation American banks will pass government stress tests boosted confidence in the financial system. Oil gained, Treasuries fell and the dollar rose against the euro and yen.
Wal-Mart's March Sales Rise Less Than Some Analysts Expected; Shares Drop Wal-Mart Stores Inc., the world’s largest retailer, reported comparable-store sales in March that rose less than some analysts estimated, pushing the shares down the most in two months in New York trading.
Trade Gap in U.S. Unexpectedly Plunges to a Nine-Year Low as Demand Slumps The U.S. trade deficit tumbled in February to the lowest level in nine years as collapsing demand from consumers and companies reverberated around the globe.
Barclays to Sell IShares to CVC for $4.4 Billion, Boosting Bank's Capital Barclays Plc, the U.K.’s third- largest bank, agreed to sell its iShares unit to CVC Capital Partners Ltd. for $4.4 billion to boost capital.
3M to Offer Early Retirement to 3,600 U.S. Employees, or 11% of Workforce 3M Corp., the maker of 55,000 items from Post-it Notes to road signs, is offering 3,600 non-union, U.S. employees early retirement to cut costs as the recession reduces profit.
German Incentives to Scrap Cars Leave BMW, Mercedes Behind Cheaper Rivals Manfred Thiele and thousands of Germans like him are holding back the government’s efforts to jumpstart a recovery for the nation’s automakers.
source: Bloomberg
