Global Tea Shortage to Widen 10% as India, Sri Lanka Droughts Hurt Harvest A global tea shortage may increase by 10 percent next year as droughts in Kenya, Sri Lanka and India, the top exporters, damage crops and propel prices to a record, the world’s biggest tea plantation company said.
Sensitive Index Rises to 15-Month High on India's Domestic Demand Recovery India’s benchmark stock index rose to a 15-month high on optimism an economic revival will boost corporate earnings and as a government official said domestic demand is recovering.
India May Sell Fewer Bonds After Expenditure Cuts, Secretary Chawla Says India’s government may consider selling fewer bonds in the year ending March after announcing expenditure cuts yesterday, Finance Secretary Ashok Chawla said.
Imprisoned Satyam Computer Founder Is Stable After Suspected Heart Attack Satyam Computer Services Ltd. founder Ramalinga Raju, charged this year for his role in India’s biggest corporate fraud, is in stable condition after being hospitalized for a suspected heart attack.
Indian Billionaire Modi Plans to Spend $200 Million to Acquire Companies Indian billionaire Bhupendra Kumar Modi, who has interests from retailing to entertainment, has set aside $200 million to buy more companies ahead of a planned initial public offering.
India's Rupee Rises for Fifth Day as Stock Rally May Lure Overseas Funds India’s rupee strengthened for a fifth day, the longest winning streak since May, on optimism a rally in the nation’s benchmark stock index will attract overseas investors.
India, South Korea to Lead Rate Rises as Asia Recovers, Goldman Sachs Says India, South Korea and Indonesia will start raising interest rates from early next year as Asia’s economies show signs of recovery, according to Goldman Sachs.
Bharat Heavy Expects $2.2 Billion Power Plant Equipment Order From NTPC Bharat Heavy Electricals Ltd., India’s biggest power equipment maker, expects to get orders worth at least 109 billion rupees ($2.2 billion) from state- owned NTPC Ltd. as the utility plans to add generators.
U.S. Stocks Pare Gain as Commodities Erase Some of Rally on Dollar Rebound U.S. stocks pared their advance as commodities prices erased some of their rally after the dollar rebounded.
Stocks Cheapest Since '89 Show Why Analysts Say Economists Wrong on Growth Never before have Wall Street stock analysts diverged more with economists at their own firms over the outlook for earnings in the Standard & Poor’s 500 Index.
Anything-But-Treasuries Gains as Credit Rebounds After AIG Death in China Wall Street’s biggest bond dealers are loosening their grip on U.S. government debt at a record pace, signaling a continued rally in credit markets.
Cadbury May Fetch $21 Billion If Nestle, Hershey Top Kraft Food's Approach Cadbury Plc, the confectioner that rejected Kraft Foods Inc.’s bid yesterday, may attract suitors ranging from Nestle SA to Hershey Co. and sell for as much as $21 billion, according to analysts.
General Electric Posts Biggest Gain Since July 30 After JPMorgan Upgrade General Electric Co. rose the most since July in New York trading after JPMorgan Chase & Co. raised its rating on the company to “overweight” from “neutral,” saying there is a chance of an “upside surprise.”
Nobody Liking Dollar With U.S. Deficits Makes Rogoff Favorite for Traders For the first time in at least two years, deficits are starting to matter to currency investors, and that may be bad news for the dollar.
CVC's Formula 1 Loss Widens to $505 Million on Payments to Ferrari, Teams CVC Capital Partners Ltd.’s loss from Formula One widened last year as it paid more to the likes of Ferrari SpA and Toyota Motor Corp. to persuade them to stay in the auto racing series.
source: Bloomberg
