India Increases Gasoline, Diesel Prices as Crude Rises From February Low India increased retail fuel prices to narrow revenue losses at state-run refiners after crude oil climbed from a low in February.
Share Placements Likely to Slump in India Following Best Quarter in Six Housing Development & Infrastructure Ltd. and Bajaj Hindusthan Ltd.’s sale of shares to institutional investors this week capped the best quarter in six for Indian companies raising funds from such offerings.
India's Exports Decline for Eighth Straight Month as Recession Cuts Demand India’s exports declined for an eighth straight month in May as recessions in the U.S. and Europe damped demand for the nation’s products.
Coal India Seeks Faster Approvals, Imports, Overseas Help to Boost Output Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply shortfall that is forcing more imports, Chairman Partha Bhattacharyya said.
Larsen & Toubro's Sales Growth May Halve as Customers Hold Back on Orders Larsen & Toubro Ltd.’s sales growth may slow to 20 percent this financial year, about half the pace of the previous 12 months, as local and overseas customers of India’s biggest engineering company delay projects.
Sensitive Index Rises, Led by Tata Motors, Mahindra on Indian Auto Sales India’s benchmark stock index rose as Tata Motors Ltd. led gains among automakers after data showed continued sales growth.
Rupee Declines on Concern Faltering Global Growth May Spur Fund Outflows India’s rupee fell for the first time in four days on concern a faltering global economic recovery will prompt foreign funds to trim their local holdings.
Stocks in U.S. Rise After S&P 500's Best Quarter Since 1998; Yum! Advances U.S. stocks rose, extending gains from the best quarter for the Standard & Poor’s 500 Index since 1998, on speculation the worst of the recession may be over as manufacturing expanded in China.
Manufacturing in U.S. Shrinks at Slower Pace in Sign Recession Is Easing Manufacturing in the U.S. shrank in June at the slowest pace in 10 months, another sign the worst of the recession may be over.
Banks Falling 23% Since May Foreshadow S&P 500 Decline as Builders Weaken Declines of more than 20 percent in regional banks and home builders and the failure of transportation companies to erase their annual loss may be signs the rally in the Standard & Poor’s 500 Index is about to fizzle.
Gross Prefers Bonds, Dividend-Paying Equities as U.S. Enters `New Normal' Investors should favor bonds and dividend-paying equities as the U.S. heads into a “new normal” of higher savings and lower consumption, said Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co.
Construction Spending in U.S. Decreases 0.9%, More Than Forecast for May Spending on U.S. construction projects fell in May for the fourth time in five months, a sign that a rebound from the housing recession will be slow to develop.
FDIC Takeover Rules May Force Private Equity Firms to Put Up More Capital The Federal Deposit Insurance Corp.’s new rules for bank takeovers by private-equity firms would force buyers to pledge more capital should lenders falter, people briefed on the matter said.
Chrysler's Cash Losses `Slowed Down' After Restructuring, Marchionne Says Chrysler Group LLC has slowed the pace at which it uses cash after emerging from bankruptcy on June 10, Chief Executive Officer Sergio Marchionne said.
source: Bloomberg
