Jaguar Land Rover Turns to China, India as Recession Damps Demand in U.S. Jaguar Land Rover, the luxury vehicle division of Tata Motors Ltd., expects emerging economies to account for as much as a third of the unit’s sales as demand in the U.S. and Europe plunges due to recession.
India Sugar Output May Miss Forecast Next Year on Dry Weather, Group Says India, the world’s largest user of sugar, may produce less than forecast next year as below average rainfall reduces harvests, adding to a global supply deficit.
Sensex Little Changed; Tata Motors Declines on First Loss in Seven Years India’s benchmark stock index closed little changed. Metal suppliers rose after copper in Shanghai climbed for a fifth day. Tata Motors Ltd. plunged after it posted its first annual loss in at least seven years.
Bonds Advance for Fifth Day on Bank Demand as Government Trims Debt Sales India’s five-year bonds rose for a fifth day on speculation banks, the biggest buyers of the government debt, will boost holdings as the nation trims sales of fixed-income securities next month.
Suzlon Energy May Sell Stake in Belgium's Hansen Transmissions to Cut Debt Suzlon Energy Ltd., India’s largest wind-turbine maker, said it may sell all or part of its stake in unit Hansen Transmissions International NV to cut some of its debt amounting to $2.5 billion.
Deficient Monsoon Rains May Erode India's Farm Production, Pronab Sen Says India’s farm output, critical for the $1.2 trillion economy, may be diminished as insufficient rainfall reduces the yield of sugar, cotton and other crops.
Indian Rupee Rises on Speculation Stock Gains Will Attract Overseas Funds India’s rupee ended at the highest level in more than a week on speculation gains in local stocks will attract overseas investors.
Asia's Economic Growth to Lure Stock Investors Back, Halbis Capital Says Asia’s economic growth, led by China and India, will lure global investors back to the region’s stocks after the first weekly funds outflow since March, Halbis Capital Management said.
Bernard Madoff Gets 150-Year Prison Term for Leading Biggest Ponzi Scheme Bernard Madoff was sentenced to 150 years in federal prison for masterminding the largest Ponzi scheme in history, a penalty six times longer than those meted out to the chief executives of WorldCom Inc. and Enron Corp.
Stocks in U.S. Rise as S&P 500 Extends Biggest Quarterly Rally Since 1998 U.S. stocks rose, extending the best quarterly rally for the Standard & Poor’s 500 Index since 1998, as higher oil prices lifted energy shares and investors speculated the recession is easing.
Treasuries Climb After China Says Its Reserve-Currency Policy Is `Stable' Treasuries rose for a third day, with 10-year yields touching the lowest in a month, amid a rush by investors to U.S. dollar assets as the quarter and month come to an end.
Apple's Chief Executive Steve Jobs Returns to Work After Liver Transplant Steve Jobs is back at work at Apple Inc., returning to his job as chief executive officer as planned after taking medical leave in January.
Porsche Says Qatar Made Offer for Stake in Car Maker, Volkswagen Options Porsche SE, after rejecting an offer from Volkswagen AG to buy the luxury sports-car maker’s operations, said Qatar made a bid for a stake in the holding company and options that can be converted into VW shares.
Enterprise Products to Buy U.S. Pipeline Operator Teppco for $3.3 Billion Enterprise Products Partners LP agreed to buy Teppco Partners LP for about $3.3 billion, combining pipeline operators controlled by Houston billionaire Dan Duncan to create the biggest U.S. energy partnership.
Bond Dealers Say Worst Over for Treasuries as Demand Soars at Debt Sales Wall Street’s largest bond-trading firms say the worst may be over for investors in Treasuries after government securities posted their biggest first-half losses in at least three decades.
source: Bloomberg
