India Fertilizer Imports May Decline on Drought, Aiding China Price Talks India’s weakest monsoon rains in five years may lower imports of fertilizer, a minister said, pressuring prices as China, the world’s biggest potash market, negotiates contracts for soil nutrients.
Sensitive Index Gains Led by Mahindra, Maruti Suzuki, Reversing Losses India’s benchmark stock index rose, snapping a three-day drop. Automakers, led by Mahindra & Mahindra Ltd., paced gains after investors judged recent losses as excessive.
Sugar Rally May End Next Year on Indian Output Rise, Producers Group Says Sugar output in India may rebound next year as record prices induce farmers to plant more cane, ending a “deficit rally” that’s driven the commodity to a 28- year high, a producers’ group said today.
Satyam Computer Investigation Is Almost Complete, Salman Khurshid Says India’s investigation of the fraud at Satyam Computer Services Ltd. has almost been completed, Minister for Corporate Affairs Salman Khurshid said.
Asian Stocks Gain on Speculation Profits Will Increase; Golden Agri Surges Asian stocks rose for a second day as earnings reports and brokerage upgrades boosted confidence that corporate profits are recovering from the global recession.
Asian Currencies Fall, Led by Won, Rupee, on Signs Global Recovery Cooling Asian currencies fell, led by South Korea’s won and the Indian rupee, as concern a global economic recovery is losing momentum deterred investment in emerging- market assets.
Gold Trades Near Lowest This Month on Speculation Dollar May Strengthen Gold traded near the lowest this month on speculation that the dollar will continue to advance on data pointing to a recovery in the U.S. jobs market.
Crude Steel Production in China Jumps 13% to Record on Building Recovery Crude steel production in China, the world’s biggest maker, jumped 13 percent last month to a record as the nation’s $586 billion stimulus package spurred demand from builders and carmakers.
Stocks in U.S. Fall on Analyst Downgrades; Sprint, Yum, MBIA Shares Slide U.S. stocks fell for a second day after analysts cut ratings on companies from Sprint Nextel Corp. to MBIA Inc. and Yum! Brands Inc., overshadowing a bigger-than- estimated increase in worker productivity.
U.S. Worker Productivity Surges at Fastest Pace in Six Years Amid Job Cuts The productivity of U.S. workers grew in the second quarter at the fastest pace in almost six years as employers slashed payrolls to bolster profits.
TARP Oversight Panel Says Smaller U.S. Banks May Need to Replenish Capital Smaller U.S. banks may need $12 billion to $14 billion in additional capital to cope with troubled loans still on their books, the Congressional Oversight Panel said today in a monthly report.
GM's Saab Division May Get Bigger Loan Guarantee From Swedish Government Saab Automobile, the Swedish car maker being sold by General Motors Co., may be able to get state guarantees for loans from the European Investment Bank that exceed the $600 million originally sought.
CIBC Avoids `Sharp Objects,' Starting to Lure Back Investors From Canada Gavin Graham’s firm sold Canadian Imperial Bank of Commerce shares 13 months ago, convinced it was the bank “most likely to walk into a sharp object” after it lost billions of dollars on U.S. mortgage securities.
BOE `Hedge Fund' Profited by Buying Bonds to Help Economy, Evolution Says The Bank of England made returns in excess of 10 percent on the 918 million pounds ($1.5 billion) of corporate bonds it bought in the past five months, according to Bloomberg calculations based on Evolution Securities Ltd. data.
source: Bloomberg
