India May Spark $39 Billion of Share Sales With Cap on Controlling Stakes India may trigger as much as 1.9 trillion rupees ($39 billion) in stock sales, equivalent to five years of equity offerings, with a proposal to limit stakes of controlling shareholders.
Sugar Output May Rise Next Year as Rain Aids Cane Crops in Uttar Pradesh Sugar output in India, the world’s biggest consumer, may rise 20 percent in the year starting October as rains in key growing areas improve yields, said a producers’ group that accounts for half the nation’s harvest.
Duvvuri Subbarao Says its `Too Early' to Take Action on India's Inflation Reserve Bank of India Governor Duvvuri Subbarao said it was “too early” to take action on inflation, signaling the central bank will hold off raising interest rates until price pressures emerge.
Sensitive Index Drops on India's Monsoon Rainfall Concern; ITC Leads Fall India’s benchmark stock index fell, led by cigarette maker ITC Ltd., after the government said monsoon rainfall may be the least in seven years, fanning concern farm output will drop and cut consumer spending.
Container Lines `Tough' Talks May Fail to Lift Asia-U.S. Rates, End Losses Shipping lines operating half the world’s container vessels plan to raise Asia-U.S. rates, ending a price war that contributed to industrywide losses. Falling demand and a flood of new vessels may stop them.
Rupee Completes 1st Weekly Loss in a Month on Dollar Demand, Fund Outflows India’s rupee completed its first weekly loss in more than a month on speculation the nation’s refiners stepped up dollar purchases to pay for costlier crude- oil imports.
Asian Stocks Advance on Speculation Earnings Will Rise; Yanzhou Coal Gains Asian stocks advanced, driving the MSCI Asia Pacific Index to a 10-month high, after increased earnings and profit forecasts from the construction industry and Wal-Mart Inc.’s biggest clothing and toys supplier.
Sugar to Extend Rally as India, Other Buyers Seek Supplies to Meet Deficit Sugar, which has almost doubled this year, may climb further as buyers led by India seek more supplies to meet a shortfall, an official at Al Khaleej Sugar Co., the world’s biggest refinery, said.
Indian Companies' Share Sale to Qualified Institutional Investors: Table Following is a table showing Indian companies selling shares through a qualified institutional placement, or QIP, according to company filings to the Bombay and National Stock Exchanges.
Stocks in U.S. Fall as Confidence Drop Adds to Speculation Rally Overdone U.S. stocks slid, erasing this week’s gain in the Standard & Poor’s 500 Index, as lower-than- estimated consumer confidence added to concern a five-month rally has outpaced prospects for the economy.
U.S. Consumer Confidence Declines on Job Concerns, Michigan Survey Shows Confidence among U.S. consumers unexpectedly fell in August for a second consecutive month as concern over jobs and wages grew.
Banks May Reach Point of No Return as Toxic Loans Exceed 5% of Holdings More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.
Nigeria Central Bank Fires Five Bank Chiefs, Injects $2.6 Billion of Funds Nigeria’s central bank governor Lamido Sanusi fired the chief executive officers of five banks over a mounting debt crisis in the industry and said he would inject 400 billion naira ($2.6 billion) into the companies.
Southwest Bid for Frontier Falters After Pilots Can't Agree on Union Rules Southwest Airlines Co., the world’s biggest discount carrier, lost its bid to buy low-fare Frontier Airlines Holdings Inc. in a bankruptcy auction after an impasse between the carriers’ pilots over seniority.
Farm Values Rebound in Central U.S., Credit Improves, Kansas City Fed Says Farmland values and credit conditions are improving as investors show interest in rural properties, the Kansas City Federal Reserve Bank said.
source: Bloomberg
