India's Economic Growth May Rebound to 9% as Rates, Stimulus Revive Demand India’s economic growth may bounce back to a 9 percent pace in the next two years as lower interest rates and stimulus packages revive demand, Trade Minister Anand Sharma said today in London.
S&P Says Indian Budget Deficit May Reach 19-Year High on Stimulus Spending India may raise its budget deficit estimate next month to as high as 6.5 percent of gross domestic product, the most in 19 years, as the government increases stimulus spending, Standard & Poor’s said.
Indian Billionaire Modi Plans $1 Billion IPO, Scraps Dubai Share Sale Plan Indian billionaire Bhupendra Kumar Modi, who has interests spanning telecommunications to financial services, said his holding company plans to raise about $1 billion in an initial public offering after scrapping a share sale in Dubai.
Stocks in India Decline as World Bank Predicts Deeper Recession This Year India’s benchmark stock index fell after the World Bank said the global recession this year will be deeper than it predicted in March.
Monsoon Revives After Lull, Advances Into India's Sugar Cane, Coffee Areas India’s monsoon, which runs from June to September, revived after a two-week lull and moved to more parts of the nation’s main coffee- and sugar cane-growing regions, boosting crop prospects.
Indian Rupee Drops to Five-Week Low on Speculation Importers Are Selling India’s rupee fell to a five-week low on speculation importers were stepping up purchases of foreign exchange to meet month-end import payments.
Reliance Industries Declines After Deora Says Government Owns KG Basin Gas Reliance Industries Ltd. declined in Mumbai trading after Oil Minister Murli Deora said the government is the sole owner of natural gas produced at fields operated by India’s most valuable company.
Stocks, Commodities Fall as World Bank Sees 2.9% Contraction; Dollar Gains U.S. and European stocks fell, extending losses from the first weekly decline for global equities in more than a month, as the World Bank said the recession will be deeper than previously forecast. Treasuries rose, while a drop in commodities sent oil below $68 a barrel.
World Bank Cuts Global Forecast, Sees `Substantial' Effect on Poor Nations The World Bank said the global recession this year will be deeper than it predicted in March and warned that a flight of capital from developing nations will swell the ranks of the poor and the unemployed.
Russia's Micex Index Tumbles 20% in World's First Bear Market Since March Russia’s Micex Index tumbled more than 20 percent from its 2009 peak, becoming the world’s first benchmark equity index to enter a bear market since global stocks began rallying in March.
Goldman Junk Credit Nightmare Shared With Morgan Stanley Fades From Market The bond market is falling in love again with Goldman Sachs Group Inc. and Morgan Stanley and, for the first time in more than nine months, is giving these Wall Street icons a chance to close the gap with JPMorgan Chase & Co.
Apple Should Reveal Jobs's Transplant If He Stays, Governance Experts Say Apple Inc. should disclose whether Steve Jobs had a liver transplant if he returns to work this month in the role of chief executive officer, corporate governance experts said.
TIPS Return 3% in Bond Market's Worst Year in Validation of Pimco Favorite Even the biggest drop in consumer prices in six decades can’t dissuade the world’s biggest bond investors from buying protection from inflation.
China's Gome Electrical Will Raise Up to $447 Million From Bain, Investors Gome Electrical Appliances Holdings Ltd., the Chinese retailer whose billionaire founder is under investigation for economic crimes, plans to raise as much as $447 million from investors including Bain Capital LLC.
source: Bloomberg
