India Will Support G-20 on Ending Fuel Subsidies `Over Time,' Saran Says India will support the Group of 20 leaders on withdrawing subsidies for fossil fuels “over time,” said Shyam Saran, the country’s special envoy on climate change.
Drought-hit India Aims for Record Wheat Crop by Early Sowing, Hybrid Seeds India, the world’s second-biggest wheat grower, expects to harvest a record crop for a second year as a revival in monsoon over the past month raises water levels in major reservoirs, a government official said.
Asian Stocks Fall on Nomura Share Sale, U.S. Home Sales, Commodity Prices Asian stocks dropped, dragging the MSCI Asia Pacific Index to its biggest weekly decline in a month, after Nomura Holdings Inc. announced a record $5.6 billion share offering and sales of existing U.S. homes unexpectedly declined.
Drought to Pare Oilseeds Crop, Support Palm Oil Imports, Trader Patel Says India, the biggest buyer of palm oil after China, may producer fewer monsoon-sown oilseeds as dry weather in the main growing areas reduced sowing of peanuts.
Stocks in India Fall; Hindalco, Sterlite, Tata Decline After Prices Drop India’s benchmark stock index fell to a two-week low, led by commodity producers, after metal prices sank on concern global economic recovery may take longer than expected.
Wells Fargo to Expand India Back-Office Unit, Hiring, Economic Times Says Wells Fargo & Co. is expanding its back-office business unit in India and hiring more workers, the Economic Times reported.
Gold Rises in London, Reducing This Week's Decline, as the Dollar Slides Gold gained in London, reducing the first weekly drop in six, as a sliding dollar increased the metal’s appeal as an alternative investment.
Nalco, Hindustan Copper in Discussion for Metal Exploration in Namibia National Aluminium Co. is in talks with Hindustan Copper Ltd. to explore for the metal in Namibia, National Aluminium Finance Director B.L. Bagra said today in a telephone interview.
Rupee Gains a Third Week as Foreign Funds Buy Stocks for 13th Straight Day India’s rupee rose for a third week as overseas funds added to their holdings of local assets to benefit from growth in Asia’s No. 3 economy.
G-20 Nears Agreement on Banker Pay, Policy Coordination as Crisis Recedes World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger the worst financial crisis in seven decades.
U.S. Consumer Confidence Climbs More Than Forecast, Michigan Index Shows Confidence among U.S. consumers rose this month to the highest level since January 2008 as the pace of job losses slowed and the economy started to pull out of the worst recession since the Great Depression.
Stocks in U.S. Fluctuate Amid Conflicting Economic Data; McDonald's Gains U.S. stocks fluctuated as reports on durable goods orders and home sales trailed estimates, tempering a higher-than-forecast reading on consumer confidence and a rally in energy shares.
Municipal Yields Plummet to 42-Year Low on Fewer Offerings, Fund Purchases Benchmark borrowing costs for highly rated state and local governments dropped to a 42-year low this week, as the pace of new municipal-bond issues slowed and cash flowing into mutual funds accelerated to a record.
Goldman Sachs May Benefit From Banking Regulation, Citigroup Analyst Says Goldman Sachs Group Inc. executives said that new rules on trading over-the-counter derivatives may benefit the firm because of the company’s technological edge, according to Citigroup Inc. analyst Keith Horowitz.
Nycomed Said to Consider Raising Offer for Solvay Unit as Bid Falls Short Nycomed A/S may raise its offer for Solvay SA’s drugs unit after its bid fell short of the owner’s 5 billion-euro ($7.35 billion) target, according to people familiar with the situation.
Vioxx Death Toll Hits 3,100 as Merck Settles Claims Under Painkiller Pact Merck & Co. is paying claims by the families of more than 3,100 users of its Vioxx painkiller who died of heart attacks or strokes blamed on the drug, according to a law firm administering a $4.85 billion settlement fund.
source: Bloomberg
