Sensitive Index Gains; Tata Consultancy, Infosys Rise on U.S Consumer Data India’s benchmark stock index rose to a three-week high, led by Infosys Technologies Ltd. and other software services providers, after consumer confidence surged unexpectedly in the U.S., the largest market for their products.
Rupee Drops a Third Day on Speculation Refiners, Importers Buying Dollars India’s rupee weakened for a third day on speculation the nation’s importers bought foreign currency to meet month-end payments.
Aptech Says Chinese Affiliate Beida Jade Planning to Sell Shares in U.S. Aptech Ltd. said its affiliate in China plans to sell shares in the U.S. providing an opportunity to India’s second-largest computer education company to benefit from its investment.
Wholesale Prices in India Decline for 11th Consecutive Week on Commodities India’s wholesale prices declined for an 11th straight week as oil and commodity costs fell from last year’s record highs.
Aban Offshore Shares Climb to Highest Level in 10 Months After Rig Orders Aban Offshore Ltd., India’s largest oil rig company, surged as much as 20 percent in Mumbai trading after saying it signed contracts to provide equipment.
Cairn India to Start Crude Oil Production From Rajasthan Field on Aug. 29 Cairn India Ltd., a unit of U.K.- based explorer Cairn Energy Plc, will start producing crude from its largest field in Rajasthan state on Aug. 29, an area that will help increase the nation’s oil output by 20 percent.
Ten-Year Government Bonds Rally as Central Bank Prepares to Purchase Debt Indian 10-year bonds gained the most in at least six weeks after the central bank said it will purchase existing government debt at an auction tomorrow.
Asian Stocks Advance on China Earnings, U.S. Consumer Confidence Report Asian stocks advanced, lifting the MSCI Asia Pacific Index to a two-week high, as Chinese companies increased earnings and a U.S. consumer confidence report beat economist estimates.
United Spirits Falls in Mumbai as Talks to Sell Stake to Diageo Plc Fail United Spirits Ltd., India’s biggest liquor maker, fell as much as 4.3 percent in Mumbai after talks with Diageo Plc to sell a minority stake collapsed as the companies failed to agree on the valuation.
U.S. Durable Goods Orders Jump 4.9% on Aircraft; Ex-Transport, Gain 0.8% Orders for U.S. goods meant to last several years jumped in July by the most in two years, stoked by a surge in demand for aircraft and communications equipment.
Stock-Index Futures in U.S. Fall After Some Goods Orders Miss Forecasts U.S. stock-index futures declined, suggesting the Standard & Poor’s 500 Index will reverse yesterday’s gain, as growth in orders for durable goods besides cars, trucks and aircraft missed forecasts and China sought to rein in its economy.
German Business Confidence Climbs More Than Forecast as Economy Rebounds German business confidence rose for a fifth month in August, suggesting Europe’s largest economy will gather strength after shaking off its worst recession since World War II.
Natixis Parent Will Guarantee $50 Billion of Riskiest Assets; Shares Soar Natixis SA received a guarantee from its parent covering about 35 billion euros ($50 billion) of risky assets and said it may return to profit in the third quarter, driving the stock up as much as 43 percent.
April Thank You From Obama Began Process of Embracing Bernanke Nomination President Barack Obama was meeting top economic advisers April 10, Good Friday, as regulators prepared stress tests for the largest U.S. banks, when he turned to Federal Reserve Chairman Ben S. Bernanke.
Chevron's $42 Billion Gas Project Wins Environmental Approval in Australia Australia approved Chevron Corp.’s A$50 billion ($42 billion) liquefied natural gas venture on a remote island, adding stricter conditions to quell environmental concerns about the nation’s biggest resources project.
source: Bloomberg
