Suzlon Says Orders May Increase on Funding for Alternative-Energy Projects Suzlon Energy Ltd., India’s biggest maker of wind turbine generators, said orders may increase by the end of this year as funding starts for alternative-energy projects, helping the company meet its sales forecast.
Benchmark Sensex Stock Index Gains on Prospect Monsoonal Rains Improving India’s stock benchmark rose after the weather bureau said monsoon rainfall may improve over key farming regions, easing concerns that the country’s economic growth prospects may be hurt.
India, China Want to Be Part of Copenhagen Climate Solution, Ramesh Says India and China are pushing for an agreement at this year’s climate change talks in Copenhagen and shouldn’t be viewed as a “negative or obstructionist force,” said India’s Environment Minister Jairam Ramesh.
India May Ban Corn Exports as Driest Monsoon in Seven Years Curbs Output India may have to ban corn exports for a second season to boost local supplies as the crop wilts under the driest monsoon in seven years, a lobby group for U.S. producers said.
Rubber Output in India to Increase as Latex Yield Improves on Cool Weather Rubber production in India, the world’s fourth-biggest grower, will increase from September and meet a target for a full-year gain as latex yield improves during cool weather, a government board said.
Cairn Energy Says Export Pipeline From Mangala in India May Face Delay Cairn Energy Plc, the U.K.-listed explorer focused on India, warned that the target for completing an export pipeline from its Mangala field by the end of the year looks to be “increasingly challenging.”
Spot Iron Ore Prices May Fall as China Cuts Purchases, NMDC Chairman Says Cash iron ore prices may fall to about $70 a metric ton in the “near term” as China, the world’s biggest buyer, cuts purchases, said Rana Som, chairman of NMDC Ltd., India’s top producer of the steelmaking material.
Asian Stocks Decline on Lower Chinese Earnings, U.S. Credit-Loss Concern Asian stocks dropped, led by mining and finance companies on lower profit at Chinese companies and amid speculation loan losses in the U.S. will increase.
Rupee Weakens on Concern Foreign Investors Will Step Up Indian Share Sales India’s rupee fell the most in a week on concern slides in regional shares will prompt global funds to favor safer bets than emerging-market assets.
U.S. Consumer Confidence, Home Prices Exceed Forecasts in Sign of Recovery U.S. consumer confidence climbed more than forecast and national home prices increased for the first time in three years, signaling government efforts to right the world’s biggest economy are starting to pay off.
Bernanke Named to Second Term at Fed After Keeping U.S. Out of Depression Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank’s power in its 95-year history to battle the worst economic slump since the Great Depression, was nominated to a second term today by President Barack Obama.
Stocks in U.S. Climb as Economic Reports Boost Optimism Recession Ending U.S. stocks rose as better-than- estimated consumer confidence and home prices bolstered optimism the recession is ending. Treasuries fell before a record-tying $42 billion sale of two-year notes, while crude oil slumped.
Court Orders Federal Reserve to Disclose $2 Trillion Loan Program Details The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit.
SEC's Schapiro Names Former Deloitte Partner James Kroeker Top Accountant U.S. Securities and Exchange Commission Chairman Mary Schapiro named James Kroeker the agency’s chief accountant after he filled the job on an interim basis since January.
Variable-Annuity Assets in U.S. Surge Most in 17 Years on Rally in Stocks Assets in U.S. variable annuities rose the most in 17 years in the second quarter as stock markets surged and savers invested more than in the prior three months.
source: Bloomberg
