India's Benchmark Inflation Rate Holds Near a Three-Decade Low on Growth India’s inflation held near a three- decade low as the weakest economic growth in six years kept the cost of food and manufactured products in check.
Ratnagiri Board Approves Plan to Buy Natural Gas From Reliance Industries Ratnagiri Gas & Power Pvt. agreed to buy natural gas from an offshore field operated by Reliance Industries Ltd., India’s most valuable company.
Bharati Shipyard Surges in Mumbai After Acquiring 14.89% of Great Offshore Bharati Shipyard Ltd., India’s second- largest shipbuilder, gained the most in 15 months in Mumbai after it acquired a 14.89 percent stake in Great Offshore Ltd. that had been pledged by the oil-services company’s owners.
Stocks Drop as Investors Judge Rally as Overdone; Sterlite, HDFC Bank Lead India’s Sensitive index fell the most in a week as investors sold shares ahead of the vote counting for the national election on May 16. Sterlite Industries (India) Ltd. led metal producers lower after prices of commodities sank.
Congress Party Woos Allies After Rahul Gandhi Praises Rivals: India Votes India’s governing Congress party went into “damage-control mode” after comments by Rahul Gandhi, son of party chief Sonia Gandhi, praising leading rivals of allies of the ruling coalition, newspapers said.
Rupee Completes Best Week in Two Months as Foreign Funds Add to Holdings India’s rupee had its biggest weekly advance in almost two months as overseas investors increased purchases of local equities, betting earnings will improve as economic growth gathers pace.
India's Sensex May Advance to 15,000 as Economy Recovers, Macquarie Says Indian stocks may extend their “impressive run,” helping the Bombay Stock Exchange Sensitive Index climb to 15,000 by June 2010, Macquarie Group Ltd. said.
U.S. Loses 539,000 Jobs, Fewer Than Forecast, in Sign Economy Stabilizing Employers cut fewer jobs in April as signs emerged that the worst of the U.S. recession had passed and hiring for the next census boosted government staffing by the most since 2001.
Morgan Stanley Raises $7.5 Billion in Sale of Shares, Bonds to Add Capital Morgan Stanley raised $7.5 billion selling stock and debt, 50 percent more than it announced yesterday, to cover a $1.8 billion capital shortfall and repay government bailout funds.
JP Morgan Reveals Threat of SEC Charges Over Alabama Sewer Bond Derivatives JP Morgan Chase & Co., the biggest U.S. bank by market value, says it may be charged with violating federal securities laws for selling fixed-income financing that helped push Alabama’s most populous county to the brink of bankruptcy.
Goldman Sachs, JP Morgan May Win Customers, Shareholders After Stress Tests JP Morgan Chase & Co. and Goldman Sachs Group Inc., banks that passed government stress tests without needing fresh capital, may win more backing from customers and shareholders as competitors such as Bank of America Corp. and Citigroup Inc. raise funds by giving up assets or equity.
McDonald's April Sales Climb 6.9% Worldwide, Led by European Restaurants McDonald’s Corp., the world’s largest restaurant company, said global sales rose 6.9 percent in April, topping analysts’ estimates, as consumers bought more coffee drinks and chicken snack wraps.
Ford May Tap U.S. Energy Department Loans to Shift SUV Plant to Small Cars Ford Motor Co., the only U.S. automaker not on federal aid, may get as much as $440 million in government loans to help convert a Michigan sport-utility vehicle factory to build small cars.
source: Bloomberg
