Prices in India Fall for First Time Since 1978, Giving Room For Stimulus India’s wholesale prices fell for the first time in three decades, giving the government scope to spend more in next month’s budget to spur economic growth.
India Stocks May Consolidate so Add Cash, Buy `Defensive' Shares, UBS Says Indian shares, Asia’s second-best performers this quarter, may “consolidate” following a 57 percent gain in the benchmark stock index, UBS AG said.
Tea Production in India to Decline on `Drought-Like' Weather, Board Says Tea production in India, the world’s largest grower, may decline at least 5 percent this year after dry weather damaged crops in the nation’s main growing region, likely boosting global prices as the nation’s exports decline.
India's Regulator Cuts Broker, Mutual Fund Fees by Half to Boost Trading India’s capital market regulator cut fees charged to brokers, mutual funds and overseas investors by almost half to boost trading in stocks and derivatives.
JSW Steel Denies Report Founder Sajjan Jindal Plans to Sell a 10% Stake JSW Steel Ltd., India’s third- biggest producer, said Sajjan Jindal doesn’t plan to sell any of his stake in the company, denying a report the founder may sell a 10 percent holding.
Stocks in U.S. Climb on Signs Recession May Be Near Bottom; Alcoa Advances U.S. stocks snapped a three-day losing streak as reports on jobless claims and manufacturing added to evidence the recession may be near a bottom.
U.S. Leading Economic Indicators Index Increases 1.2%, More Than Estimated The index of U.S. leading economic indicators rose more than forecast in May for the second straight month, reinforcing signs that the worst recession in five decades may end this year.
Geithner Urges Senators to Speed Action on Regulatory Overhaul Blueprint Treasury Secretary Timothy Geithner urged lawmakers to accelerate consideration of the administration’s proposal to reshape U.S. oversight of Wall Street.
Treasuries Decline as Economic Reports Point to Growth, Debt Sales to Rise Treasuries fell for a second day as and government reports showed the deepest recession in 50 years may be thawing and the U.S. said note sales will increase to $104 billion next week.
Fidelity Breaks With Money-Fund Managers Over Plan to Limit Debt Holdings Fidelity Investments, the largest manager of U.S. money-market mutual funds, has split with rivals over the industry’s proposal to limit approved holdings to top- rated debt securities.
Colonial Seeks Hedge Fund to Join Gore, 452 to Profit in Falling Markets Colonial First State, Australia’s biggest asset manager, may seek an alliance with a hedge fund to offer customers a strategy capable of profiting in rising or falling markets.
WebMD Agrees to Buy Parent Hlth for $1.29 Billion in All-Stock Transaction WebMD Health Corp., a provider of online health information, agreed to buy parent Hlth Corp. in an all-stock deal valued at $1.29 billion. It’s the second time the interlocked companies have tried to merge in 16 months.
source: Bloomberg
