Stocks in India Gain for Second Day as Bernanke Says Recession May be Over India’s benchmark stock index rose for the second day after U.S. Federal Reserve Chairman Ben S. Bernanke said the worst U.S. recession since the 1930s has probably ended, raising optimism for a return to global growth.
RBS Recommends India Three-Month Fixed Swap as Cash Draining Boosts Rates Investors should pay the Indian three-month swap rate and recieve a floating payment as banks will be ordered to set aside more cash as reserves, pushing up borrowing costs, Royal Bank of Scotland Group Plc said.
India's Grain Bowl, Sugar Region May Get More Rains, Weather Bureau Says India’s northwest, the country’s grain-bowl and the biggest sugar cane growing region, may get one more spell of rains before the monsoon begins its retreat, likely boosting water supplies for winter crops.
LIC Housing Raises $135 Million Selling Shares to Institutional Investors LIC Housing Finance Ltd., the second-best performer among non-banking finance stocks in Asia this year, raised $135 million selling shares to institutional investors to boost mortgage lending in India.
India Iron-Ore Exports Likely Fell 25% in September on Lower China Demand India’s iron-ore exports probably fell 25 percent in the first two weeks of this month because of increasing royalty and transportation charges and lower demand from China, a mineral industry group said.
Crude Oil Risks Pullback to $59 If $66 Support Fails: Technical Analysis Crude oil, struggling to sustain gains above $70 a barrel this month, faces a decline to $59 if support on technical charts fails in the coming days, National Australia Bank Ltd. said.
India Commodity Turnover Climbs 31% on Agricultural Goods Trading Surge Turnover on the Multi Commodity Exchange of India Ltd. and its rivals expanded 31 percent in the April-August period, led by a surge in trading of farm goods.
India Needs $1.7 Trillion to Spend on Roads, Power Plants, Goldman Says India will need $1.7 trillion to build roads, utilities, railways and other infrastructure over the next decade to boost growth, Goldman Sachs Group Inc. said, more than doubling an earlier estimate.
TVS Climbs Most in a Month as Court Lifts Ban on `Flame' Motorcycle Sales TVS Motor Co. rose the most in more than a month in Mumbai after India’s Supreme Court lifted a ban on the sale of a motorcycle model whose technology is the source of a patent dispute with bigger rival Bajaj Auto Ltd.
Rupee Strengthens Most in Six Weeks on Signs of Global Economic Recovery India’s rupee had its biggest advance in more than six weeks as speculation an economic recovery is gathering pace in the U.S. encouraged investors to add to holdings of emerging-market assets.
Stocks, Commodities Climb on Bernanke, Buffett Statements; Dollar Declines U.S. stocks rose, extending a global advance that sent the MSCI World Index to an almost one- year high, and commodities gained amid speculation the economy has returned to growth. Treasuries advanced and the dollar dropped to a 2009 low versus the euro.
U.S. Consumer Prices Rise 0.4%, Underscoring Fed View Inflation Contained Consumer prices rose 0.4 percent in August, underscoring the Federal Reserve’s view that inflation will be contained.
Credit Default Swaps Lose Disaster Stigma as Confidence in Market Rebounds A year after the bankruptcy of Lehman Brothers Holdings Inc., credit-default swaps have lost their stigma for disaster and are contributing to the growing confidence in the credit markets.
Wells Fargo's Stumpf Says Overdue Loans to Rise Amid Wachovia Integration Wells Fargo & Co., the nation’s biggest home lender, expects overdue loans to increase as the bank continues to digest its takeover of Wachovia Corp.
Greenspan Says Congress May Hamper Fed, Adding Inflation Threat to Bonds Former Federal Reserve Chairman Alan Greenspan said he’s worried that lawmakers will hamper U.S. central bank efforts to rein in its monetary stimulus, and that inflation might “swamp” the bond market.
Assayag, Former SocGen Bankers Start Nexar Hedge Fund Backed by Aquiline Former Societe Generale SA bankers including Arie Assayag have started their own hedge fund, Nexar Capital Group LLC, the new firm said today.
Stock Sentiment Falls as MSCI World Index Valuation Reaches Six-Year High Investor sentiment deteriorated from Tokyo to Paris and New York on speculation a six-month rally in stocks has outstripped the prospects for earnings as indexes trade at the most expensive valuations since 2003.
source: Bloomberg
