Sensitive Index Drops, Snapping Eight-Day Gain on First Day of India Polls Indian stocks dropped, with the benchmark index snapping an eight-day, 18 percent advance on concern a fractured verdict in the national elections may prevent a stable government formation in the country.
Jhunjhunwala, India's Buffett, Says Elections May Trigger Market Turmoil Rakesh Jhunjhunwala, ranked a billionaire by Forbes magazine last year for his holdings of Indian stocks, says investors should avoid the markets after nationwide elections until a new government is formed.
Inflation Slows to 20-Year Low, Raising India's Interest Rate-Cut Chance India’s inflation slowed to a 20- year low in the first week of April, giving the central bank room to cut interest rates further next week.
India's National Exchange Ousts JSE as Largest Single Stock Futures Market South Africa was toppled as the biggest single stock futures market by India after derivative contract defaults forced banks to buy equity stakes and plunging share prices deterred trading.
Near-Normal Monsoon Rainfall May Revive India's Slowest Growth in 6 Years India’s monsoon rains, likely to be near normal, may help give a rural boost to the nation’s slowing economy, expected by Prime Minister Manmohan Singh to start recovering in September this year.
Suzlon's Shares Slump After New Report of Faulty Blades for China Project Suzlon Energy Ltd., India’s biggest maker of wind-turbine generators, declined the most in more than three months in Mumbai trading after a report that it faces problems over faulty blades for a project in China.
India Approves Satyam Stake Sale; Tech Mahindra to Take Management Control India’s Company Law Board approved Satyam Computer Services Ltd.’s sale of a 31 percent stake to Tech Mahindra Ltd. for 17.6 billion rupees ($355 million).
Bonds Advance a Second Day as Record-Low Inflation May Allow Rate Cuts India’s bonds rose for a second day on speculation record-low inflation will allow the central bank to slash borrowing costs next week for the third time this year.
JPMorgan Net Beats Estimates on Record $8 Billion Investment-Bank Revenue JPMorgan Chase & Co., the second- largest U.S. bank by assets, reported profit for the first quarter that beat analysts’ estimates on record fixed-income trading revenue.
U.S. Initial Jobless Claims Unexpectedly Fell 53,000 to 610,000 Last Week Fewer Americans unexpectedly filed claims for jobless benefits last week even as insured unemployment rose to the highest level in 26 years, indicating companies are still reluctant to hire.
General Growth Files for Protection in Biggest U.S. Real Estate Bankruptcy General Growth Properties Inc. filed the biggest real estate bankruptcy in U.S. history after amassing $27 billion in debt as it became the second-largest U.S. shopping mall owner.
U.S. Stock Futures Rise on JPMorgan Earnings, Cut in Weekly Jobless Claims U.S. stock-index futures advanced after initial jobless claims unexpectedly fell and JPMorgan Chase & Co. reported better-than-estimated earnings.
Dimon Says He's Eager to Repay $25 Billion in `Scarlet Letter' TARP Funds JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, who today reported first-quarter profit that beat analysts’ expectations, said his firm could repay U.S. government rescue funds “tomorrow.”
China's Economy Grows at Slowest Pace in Decade as Signs of Recovery Seen China’s economy, battered by collapsing exports, grew at the slowest pace in almost 10 years, probably marking its low point.
Avenue Capital May Sell Unit That Manages $2.8 Billion of Leveraged Loans Billionaire hedge-fund manager Marc Lasry’s Avenue Capital Group is in talks to sell a division that oversees high-yield, high-risk loans, according to four people familiar with the situation.
source: Bloomberg
