Areva Offers India Stakes in African Uranium Mines for Supplies, Jain Says Areva SA, the world’s biggest maker of atomic reactors, has offered India stakes in African uranium mines to ensure supplies for fuel-starved plants, the head of the nation’s monopoly nuclear generator said.
Monsoon May Revive in Two Days, Progress to Cotton, Rice Growing Regions India’s monsoon, which accounts for four-fifths of the nation’s annual rainfall, may revive in two days, improving prospects of its progress towards the main rice and cotton growing regions, the weather bureau said.
National Aluminium Profit May Gain on Higher Prices, Production of Metal National Aluminium Co., India’s second-biggest producer, said first-quarter profit will increase from the previous three months, aided by higher production and prices of the metal used to make aircraft and beverage cans.
Stocks in India Set for Longest-Winning Streak Since 2005; Sterlite Gains India’s benchmark stock index rose, set for its 13th weekly advance, as metal producers gained after copper and aluminum prices jumped.
Indian Rupee to Rise 10 Percent by Mid-2010 on Fund Inflows, Calyon Says India’s rupee, which posted its best month on record in May, is set to rally 10 percent to 43 per dollar by mid-2010 as fund inflows from abroad pick up and lower oil prices improve the nation’s trade balance, Calyon said.
India Markets Regulator Bars 26 Firms, People Tied to Broker Ketan Parekh India’s capital markets regulator barred 26 firms and individuals from trading in securities as it investigates their transactions and the potential routing of funds from barred stock broker Ketan Parekh.
Rupee Has First Advance in Four Days on India Foreign Equity Investments India’s rupee strengthened for the first time in four days on optimism a rally in the nation’s benchmark share index will spur overseas investors to raise holdings of local stocks from a 10-month high.
Job Losses in U.S. Slow More Than Estimated in Sign Recession Is Abating The U.S. lost fewer jobs than forecast in May, reinforcing signs that the deepest recession in half a century is starting to abate.
Treasuries Decline After Report Shows Slowdown in U.S. Employment Losses Treasuries fell, led by two-year notes, as traders drove yields to the highest since November after a report showed U.S. employers cut the least jobs in eight months and bolstered expectations that the worst of the recession may be over.
Penske Wins Bidding for GM's Saturn Unit as Carmaker Shrinks in Bankruptcy Penske Automotive Group Inc., an operator of car dealerships in the U.S. and U.K., won the bidding for General Motors Corp.’s Saturn unit as the biggest domestic automaker sheds assets in bankruptcy.
Wal-Mart Investors Press Retailer to Show It's Not Just a Recession Stock Wal-Mart Stores Inc. investors need convincing that the world’s biggest retailer is a stock to own in good times as well as bad.
Airbus, Boeing Deliveries to Plunge on Airline Woes, Industry Group Says Airbus SAS and Boeing Co. deliveries may fall 30 percent in the next year as carriers from Singapore Airlines Ltd., Asia’s most profitable, to discount flyer Southwest Airlines Co. trim capacity.
Fed Intends to Hire Ex-Summers Aide in Effort to Repair Image in Congress The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said.
GM Paid $62.2 Million to Advisers AlixPartners, Evercore Before Bankruptcy General Motors Corp., before filing bankruptcy this week, paid financial advisers AlixPartners LLP $38.1 million and Evercore Partners Inc. $24.1 million in fees.
source: Bloomberg
