India's Inflation Rises First Time in 14 Weeks as Global Economy Recovers India’s wholesale prices rose for the first time in 14 weeks as a nascent global economic recovery pushed up the cost of commodities and manufactured goods.
Reliance Industries Share Sale Raises $664 Million, May Buy Foreign Fields Reliance Industries Ltd., India’s most valuable company, raised 31.9 billion rupees ($664 million) selling shares after saying it plans to buy oil fields in the Gulf of Mexico and Brazil.
India Extends Law to Raid Sugar, Cooking Oil Hoarders to Check Food Prices India will extend by one year the limits on the quantity of rice, sugar, lentils and cooking oils traders can hold to prevent hoarding as the weakest monsoon in seven years stokes prices of food items.
India's Road Projects May Attract U.S. Pension Funds, Minister Nath Says U.S. pension and private equity firms are “excited” about financing India’s $80 billion program to build roads and expressways, according to Minister for Road Transport and Highways Kamal Nath.
India Stock Index Rises to 16-Month High, Led by Software Makers, Hindalco India’s stocks rose for a third day, extending the benchmark index’s climb to a 16-month high as software service providers gained on expectations a global economic recovery will boost profits.
Rupee Rises to Five-Week High on Fund Inflows, Signs of Economic Recovery India’s rupee advanced to a five- week high as foreign investors added to holdings of local assets amid signs economic recovery is quickening.
Ten-Year Bonds Fall as Investors Pare Holdings Before India Auctions Debt India’s 10-year bonds fell, snapping a four-day gain, on speculation some investors will sell securities to raise cash for government debt auctions.
Crude Oil Trades Near $72 After Stockpiles Drop to Lowest in Eight Months Oil fell and traded around $72 a barrel in New York as the U.S. dollar pared losses, limiting the appeal of crude in hedging against inflation.
AMR Raises $2.9 Billion With Sale of Frequent-Flier Miles, Plane Financing AMR Corp.’s American Airlines, the world’s second-largest carrier, said it raised $2.9 billion in cash and financing and will add flying at four U.S. hubs to focus on the most-profitable parts of its network.
Philadelphia-Area Manufacturing Beats Forecasts as Fed Index Jumps to 14.1 Manufacturing in the Philadelphia region expanded more than forecast in September as sales advanced at the fastest pace since the recession began.
Stocks in U.S. Fluctuate as Oracle, FedEx Quarterly Sales Miss Estimates U.S. stocks fluctuated, a day after the Standard & Poor’s 500 Index climbed to an 11-month high, as disappointing sales at Oracle Corp. and FedEx Corp. offset a decrease in jobless claims and growth in housing starts.
Obama, G-20 Leaders Will Pledge to Maintain Stimulus Programs, Froman Says President Barack Obama and other Group of 20 leaders next week will pledge to keep economic stimulus policies in place until a recovery is certain, the White House’s G-20 liaison said.
Google Said to Be in Talks With Justice Department About Online Book Deal Google Inc. and a group of authors and publishers are talking to the Justice Department about modifications to a settlement designed to make millions of out- of-print books available online, two people familiar with the discussions said.
Airbus Sees Worldwide Demand for 25,000 Commercial Aircraft Over 20 Years Airbus SAS, the world’s largest maker of commercial aircraft, said airlines will buy 25,000 planes worth $3.1 trillion over the next 20 years, buoyed by Asian sales and increased demand for single-aisle models.
Chrysler-Fiat Merger Will Be `Exceptionally Difficult,' GM's Lutz Predicts Chrysler Group LLC Chief Executive Officer Sergio Marchionne faces an “exceptionally tough” challenge in merging the U.S. automaker with Italy’s Fiat SpA, General Motors Co. Vice Chairman Bob Lutz said.
source: Bloomberg
