India to Cut Corporate Tax Rates in Biggest Change in Almost Five Decades India’s government proposed reducing corporate tax rates to a record low while broadening the tax base to fund an expanding budget deficit in the biggest change to tax laws in almost five decades.
Industrial Output in India Increases at the Fastest Pace in 16 Months India’s industrial production increased at the fastest pace in 16 months in June, adding to signs that Asia’s third-largest economy has escaped the worst of the global recession.
Sensex Falls as Monsoon Rainfall Concern Mounts; Mahindra & Mahindra Drops India’s benchmark stock index fell on concern the weakest monsoon rainfall in five years will slash farm output and spending.
India's Target of 7% Economic Growth Threatened as Rain Gods `Play Hooky' India’s 7 percent economic growth target may be jeopardized as the weakest monsoon rains in five years threaten harvests, according to economists.
Tata Says Bank, EIB Loans Mean Jaguar Unit Won't Need U.K. Government Aid Tata Motors Ltd. said its Jaguar Land Rover luxury cars unit won’t need a bailout from the U.K. government as it completes funding arrangements with commercial lenders and the European Investment Bank.
Rupee to Slump 8% in Six Months on Risk of Rating Downgrade, SEB Predicts India’s rupee will slump almost 8 percent in six months as the nation risks a sovereign rating downgrade due to a widening fiscal deficit, Skandinaviska Enskilda Banken AB said.
Soybean Meal Exports to Climb Next Year as Drought Spares India Bean Crop India, Asia’s biggest exporter of soybean meal, may sell more than 3.5 million metric tons next year as farmers increased plantings of the oilseed after the main growing areas escaped drought, a processors’ group said.
Stock Bulls Increase Worldwide as Survey Shows Most Optimism in Two Years Investor sentiment improved around the globe this month, turning bears into bulls in five of the world’s biggest stock markets as earnings and economic data topped estimates.
U.S. Stocks Gain as Toll Brothers, Macy's Earnings Top Analysts' Estimates U.S. stocks rose, rebounding from the market’s biggest drop in a month, after analysts boosted their outlook on insurers and results topped estimates at Toll Brothers Inc. and Macy’s Inc. Investors also awaited a Federal Reserve statement on the prospects for interest rates.
Home-Price Drops in U.S. Accelerated Last Quarter as Foreclosures Climbed Home price declines in the U.S. accelerated in the second quarter, dropping by a record 15.6 percent from a year earlier, as foreclosure sales weighed on values.
Feinberg's Pay Guidelines May Set a Template for Wall Street Compensation Kenneth Feinberg’s mandate to set pay guidelines for top managers at seven companies bailed out by the U.S., including Bank of America Corp. Chief Executive Officer Kenneth Lewis, may set a template for Wall Street compensation.
Macy's Profit Exceeds Estimates After Retailer Reduces Costs, Inventories Macy’s Inc., the second-biggest U.S. department-store chain, increased its full-year profit forecast and posted earnings that beat analysts’ estimates after it cut expenses and inventories.
Confidence in Global Economy Jumps on Signs Recession Is Approaching End Confidence in the world economy surged to a 22-month high in August on signs the worst global recession since World War II is coming to an end, a Bloomberg survey of users on six continents showed.
Lehman Says It Stands to Lose $500 Million If Shinsei Takes Over Asia Unit Lehman Brothers Holdings Inc., the investment bank liquidating in bankruptcy, says it may be out of pocket by $500 million if Japan’s Shinsei Bank Ltd. gains control of the reorganization of an Asian Lehman unit, Sunrise Finance Co.
source: Bloomberg
