Sugar Imports by India Will More Than Triple Due to Drought, Producer Says Sugar imports by India, the world’s largest consumer, may more than triple in the year starting October as dry weather in key growing areas threatens to lower output, the nation’s fourth-biggest producer said.
Stocks in India Rise, Erasing Earlier Losses; Infosys Climbs on New Order India’s benchmark stock index rose, erasing earlier losses, led by software exporters Infosys Technologies Ltd. and Wipro Ltd. on reports they had won overseas contracts.
India Swaps Spread to Narrow From Record as Interest Rates Rise, DBS Says The difference between India’s three- month and three-year interest-rate swaps will narrow from a near-record high as the central bank raises borrowing costs to curb inflation, DBS Group Holdings Ltd. said.
Rupee Advances to Two-Month High as Overseas Funds Snap Up Indian Stocks India’s rupee rose to a two-month high as overseas funds bought the nation’s shares for a 16th straight day, the longest stretch in two years.
Cooking Oil Imports By India Slump 8% as Record Purchases Boost Stockpile Edible oil imports by India, the world’s biggest buyer after China, probably declined in July after record purchases this year boosted domestic stockpiles.
Subhiksha Trading Shareholder Seeks Compromise With Creditors on Revival A shareholder of Subhiksha Trading Services Ltd., the Indian retailer that closed stores after it ran out of cash, has filed a court petition seeking a compromise between the company and its creditors.
India's Biggest Sugar Belt May Get `Subdued' Rains, Worsening Dry Weather India’s monsoon, the main source for irrigation for the nation’s 235 million farmers, may be subdued for the next five to six days in the biggest sugar cane and oilseed growing regions, the weather bureau said.
Government Ten-Year Bonds Are Little Changed Before India's Debt Auctions India’s 10-year bonds were little changed before government debt sales this week.
NMDC to Invest $5 Billion to Expand Iron-Ore Capacity, Enter Steelmaking NMDC Ltd., India’s largest iron-ore producer, said it plans to invest $5 billion in the next five years to expand capacity and enter the steel making business.
Gold, Little Changed, May Decline on Speculation Rally Will Spark Selling Gold, little changed in New York and London today, may decline on speculation that some investors will sell bullion to lock in gains from its rally to the highest in two months.
Factory Orders in U.S. Unexpectedly Increase 0.4% in Third Monthly Advance Orders placed at U.S. factories in June rose for a third month in June as oil prices rose and demand increased for goods such as metals and construction.
Treasury Plans to Sell Record $75 Billion Debt, Expands Offering of TIPS The U.S. Treasury plans to sell a record $75 billion in its quarterly auctions of debt next week and also indicated plans to expand inflation-indexed securities next year as it finances unprecedented budget deficits.
Lloyds Banking Predicts Drop in Bad Loans After Posting $5.2 Billion Loss Lloyds Banking Group Plc, the U.K. lender that acquired HBOS Plc in January, said provisions for bad loans will decline “significantly” after it posted a first-half loss of 3.1 billion pounds ($5.2 billion).
Blackstone May Report First Profit in a Year as Value of Holdings Rebounds Blackstone Group LP, the world’s largest private-equity company, may report its first profit in a year as the value of its holdings rebounds with financial markets.
Everbright Raises $1.6 Billion in First Chinese Brokerage IPO in 7 Years Everbright Securities Co. raised about 11 billion yuan ($1.6 billion) after pricing its initial public offering, the first by a Chinese brokerage in almost seven years, at the top of a range marketed to investors.
Manulife Profit May Climb on Stock Gains as Worst Is `Probably Behind Us' Manulife Financial Corp., North America’s largest insurer by market value, may post a gain in second-quarter earnings after equity markets rebounded.
sources: Bloomberg
