India Attracts LNG Cargoes as World's Biggest Buyers Slash Fuel Imports India may rank among the largest markets for spot cargoes of liquefied natural gas this year as Japan, South Korea and Spain slash purchases.
Steepest Round of Rate Cuts Nears End as India's Economic Slowdown Eases India’s central bank may be coming to the end of its steepest string of interest-rate cuts on record after saying Asia’s third-largest economy is faring better than most in the global recession.
Wipro Fourth-Quarter Net Profit Rises 3.7% Helped by Indian Rupee's Drop Wipro Ltd., India’s third-largest software provider, reported fourth-quarter profit rose 3.7 percent as a weaker rupee boosted the value of overseas earnings.
India May Have Cotton `Mountain' If Farmers Get High Prices, Ministry Says India risks building a “mountain” of cotton if the minimum price paid to farmers in the world’s second-biggest producer of the fiber isn’t lowered to reflect global levels, the nation’s textile ministry said.
Sensitive Index Shows Sell Signals After Rallying 22%: Technical Analysis Investors should cut their holdings of riskier Indian stocks after a rally helped the nation’s benchmark index outperform both emerging and global markets in the past month and as volatility rises, Morgan Stanley said.
Ten-Year Yield Will Decline on Surprise India Rate Cut, Cash, ICICI Says India’s 10-year bond yield will fall to 6 percent this month, the lowest since February, after the central bank cut interest rates yesterday to spur investment, according to ICICI Securities Ltd.
Stocks Decline a Third Day, Pare Rally; Bharti Airtel, Maruti Suzuki Drop Indian stocks fell for a third day as some investors judged recent gains excessive and on concern a fractured national election outcome may hinder stable government.
Morgan Stanley Posts Wider-Than-Forecast $177 Million Loss, Cuts Dividend Morgan Stanley reported a bigger- than-estimated $177 million loss and slashed its dividend to 5 cents as real estate and debt-related writedowns overwhelmed trading gains. The stock fell as much as 9.4 percent.
Stocks in U.S. Advance as AT&T Leads Telephone Rally; GE, M/I Homes Climb U.S. stocks advanced as AT&T Inc. led a rally in telephone companies after posting better-than- estimated earnings and a gauge of home prices unexpectedly rose.
U.S. Home-Price Declines Moderate in Sign Lower Loan Rates Boosting Demand U.S. home prices fell 6.5 percent in February from a year earlier, the second-smallest drop in six months, a sign that low mortgage rates may be bolstering demand.
Darling Plans Record U.K. Deficit as Deepening Recession Saps Tax Revenue Chancellor of the Exchequer Alistair Darling raised taxes on motorists, smokers and the rich as he forecast the worst recession since World War II and the biggest budget deficit in the Group of 20 nations.
Pension Brokers Are Banned by New York as Inquiries Into Practices Heat Up New York banned the use of placement agents, lobbyists or other paid intermediaries in investments by the state’s $121.9 billion pension fund, State Comptroller Thomas DiNapoli said.
McDonald's Profit Beats Analysts' Estimates on Sales of Breakfast, Drinks McDonald’s Corp., the world’s largest restaurant company, said first-quarter earnings rose 3.5 percent, topping analysts’ estimates, as customers bought more breakfasts, chicken sandwiches and drinks.
Continental, AirTran Profits Beat Analysts' Estimates as Fuel Price Falls Continental Airlines Inc. and AirTran Holdings Inc. posted first-quarter results that beat analysts’ estimates after falling fuel prices helped blunt a decline in travel.
source: Bloomberg
