Indian Stock Sales May Jump 16-Fold After Singh's Election, Goldman Says Share sales by Indian companies may increase to $13 billion this fiscal year as a revival in the nation’s economic growth lures investors, Goldman Sachs Group Inc. said.
India Oil Regulator Disputes Reliance Partner's Gas Estimate; Shares Fall India’s oil regulator disputed an estimate of natural gas reserves by Hardy Oil & Gas Plc in two offshore areas the U.K.-based explorer co-owns with Reliance Industries Ltd. Shares of both companies fell.
Sensex Fluctuates; Metals Producers Advance on Signs Recession Is Easing India’s benchmark stock index fluctuated. Sterlite Industries (India) Ltd. led metals producers higher as copper prices rose and amid signs the global recession is abating.
Helios Capital Will Start `Slumdog Millionaire' Fund to Buy Indian Shares Helios Capital Management Pte, the hedge-fund manager once backed by Tudor Investment Corp., plans to start a “Slumdog Millionaire” fund that will buy underperforming shares of Indian companies.
India Edible Oil Imports May Slow as Inventory Surges on Record Purchases India, the world’s biggest buyer of vegetable oils after China, may slow the pace of imports after domestic stockpiles surged on record purchases, a trader said.
Indian State-Backed Company Bonds Offer Yield Value, HSBC's Kataria Says Bonds sold by Indian government- backed companies are where investors looking for yields of as much as 10 percent should put their money, according HSBC Holdings Plc.
Ten-Year Bonds Gain as Government Eases Concern FY10 Borrowing Will Rise India’s 10-year bonds gained for a third day as comments by a finance ministry official eased concern the government’s fiscal-year borrowing will rise.
Pending U.S. Home Resales Jump Most Since 2001 as Lower Prices Lure Buyers The number of Americans signing contracts to buy previously owned homes climbed 6.7 percent in April, more than forecast and the fourth increase in five months, as lower prices attracted buyers.
Morgan Stanley, JPMorgan, American Express Sell Stock to Pay Back Treasury Morgan Stanley, JPMorgan Chase & Co. and American Express Co. raised at least $7.7 billion after the Federal Reserve imposed additional capital requirements on firms seeking to repay U.S. rescue funds.
Dollar Declines Versus Euro as Nations Mull Reserve Currency Alternatives The dollar dropped to its lowest level against the euro this year on speculation record U.S. borrowing will undermine the greenback, prompting nations to consider alternatives to the world’s main reserve currency.
BlueMountain Poised to Earn $817 Million on Credit-Default Swaps Gone Awry BlueMountain Capital Management LLC, the investment firm whose founders helped pioneer credit-default swaps, expects to make $817 million on derivatives trades that are working again as financial markets heal.
Arthur Levitt, Former SEC Chairman, Takes Post of Goldman Sachs Adviser Goldman Sachs Group Inc. said that Arthur Levitt, a former chairman of the U.S. Securities and Exchange Commission, had agreed to be an adviser.
Emerging Markets Most Expensive Since 2007 as Funds Flooded by $12 Billion The four-week flood of money into developing-nation stock funds that drove the MSCI Emerging Markets Index to an eight-month high is sending the strongest sell signal since equities peaked in October 2007.
source: Bloomberg
