India's `Totally Unknown' Mahindra Aims to Beat China's Carmakers to U.S. Mahindra & Mahindra Ltd., India’s largest maker of sport-utility vehicles, is betting its diesel pickup trucks can beat the Chinese to the U.S. market.
Rupee to Rise 3.8% by End-2009 on `New Growth Trajectory,' Macquarie Says India’s rupee will rise 3.8 percent by the end of the year as the economy is set for a “new growth trajectory,” according to Macquarie Group Ltd.
Sensex Declines Most in Seven Weeks on Concern Global Recovery May Falter Indian stocks dropped, driving the benchmark index to its biggest decline in seven weeks, on concern the global economic recovery may falter and stall the three-month worldwide stock rally.
Max Will Sell 23% in Insurance Unit to New York Life, Chairman Singh Says Max India Ltd., an Indian company that invests in health care and technology, today said it plans to sell a 23 percent stake in its life insurance unit to joint venture partner New York Life Insurance Co.
Most Asian Stocks Rise, Led by Japanese Real Estate Developers; BHP Falls Most Asian stocks rose, as gains by Japanese real estate companies and automakers overshadowed declines among commodity producers.
Obama Lays Out `Sweeping Overhaul' of Financial Oversight Following Crisis President Barack Obama said his plan to refashion supervision of the U.S. financial system is needed to fix lapses in oversight and excessive risk taking that helped push the economy into a prolonged recession.
JPMorgan, Three U.S. Banks Repay $44.7 Billion to Treasury's Bailout Fund JPMorgan Chase & Co. and three of the nation’s largest banks repaid $44.7 billion to the U.S. Treasury’s bailout fund in a step toward ridding themselves of government restrictions on lending and pay.
Wells Fargo, Capital One, KeyCorp Are Among U.S. Banks Downgraded by S&P Standard & Poor’s reduced its credit ratings on 18 U.S. banks, including Wells Fargo & Co., Capital One Financial Corp. and KeyCorp, citing tighter regulation and increased market volatility.
Stocks in U.S. Fluctuate as Drugmakers Gain, Bank Shares Drop on Downgrade U.S. stocks fluctuated as drugmakers climbed on Congress’s plan to expand the health-care system, while banks slumped after Standard & Poor’s downgraded the credit ratings of 18 lenders.
Fed Considers Using FOMC Statement to Suppress Rate-Increase Speculation Federal Reserve officials are considering whether to use next week’s policy statement to suppress any speculation they’re prepared to raise interest rates as soon as this year.
Cantillon Said to Exit Hedge Funds, Expand Long-Only Investment Business Cantillon Capital Management LLC, the $4.5 billion asset-management firm run by William von Mueffling, is closing its two hedge funds to focus on long-only investing, according to people familiar with the matter.
source: Bloomberg
