India's Inflation Near 30-Year Low Gives Singh Room for Economic Stimulus India’s inflation held near a three- decade low, giving Prime Minister Manmohan Singh’s re-elected government room to take steps to support a slowing economy.
Selling Into India's Stocks Rally Would Be a `Mistake,' BNP Paribas Says Indian stocks may extend gains by 18 percent as fund managers bolster “underweight” holdings, prompted by the rally after the Congress party won an election, BNP Paribas said. Maruti Suzuki India Ltd. is a top pick.
Tata Motors to Complete Jaguar, Land Rover Loan Refinancing by Next Week Tata Motors Ltd., India’s biggest commercial-vehicle maker, plans to complete the refinancing of a bridge loan used to buy its Jaguar and Land Rover luxury units by early next week.
Stocks in India Decline for a Second Day on View Record Advance Excessive India’s benchmark stock index fell for the second day, led by ICICI Bank Ltd. and Larsen & Toubro Ltd., on speculation May 18’s record advance was excessive.
Cairn India to Start Rajasthan Oil Field Before Royalty Dispute Resolved Cairn India Ltd., a unit of U.K.- based explorer Cairn Energy Plc, may start producing crude oil in Rajasthan as early as this month before its partner resolves a royalty dispute with the federal government, an official said.
Wheat Futures Climb in Mumbai as Trading Resumes After Two-Year India Ban Wheat futures in Mumbai advanced on expectation that the government will end the curb on exports of the grain, allowing traders to sell overseas.
U.S. Stocks Fall on Jobless Report, Greenspan's Comments on Global Crisis U.S. stocks fell for a third day, extending a global slump, as jobless claims topped forecasts and former Federal Reserve Chairman Alan Greenspan said the financial crisis is not over.
U.K. May Lose AAA Rating at S&P as Government Debt Approaches 100% of GDP Britain may lose its AAA credit rating for the first time as government finances deteriorate in the worst recession since World War II.
Greenspan Says U.S. Banks Still Have `Large' Unfunded Capital Requirement Former Federal Reserve Chairman Alan Greenspan signaled that the financial crisis has yet to end even as borrowing costs tumble, warning that U.S. banks must raise “large” amounts of money.
Anne Mulcahy to Retire as Xerox CEO; Ursula Burns Is Chosen as Successor Xerox Corp., the world’s largest maker of high-speed color printers, said Anne Mulcahy will retire as chief executive officer, naming President Ursula Burns as her successor.
Chrysler Sales Outpace U.S. Industry as Incentives Top Bankruptcy Concern Chrysler LLC is selling cars at a higher rate than the U.S. industry this month, buoyed by incentives of as much as $6,000 and President Barack Obama’s assurances on the automaker’s survival.
Commercial Mortgage Bonds Rally on Plan to Include Legacy Assets in TALF Yields on bonds backed by commercial mortgages plummeted relative to benchmark interest rates to the lowest in more than six months amid growing confidence in a U.S. plan to purge bank balance sheets of existing debt tied to hotels, shopping centers and office buildings.
source: Bloomberg
