Asian Stocks Gain on Japan Bank Proposal, Commodity Prices; Woodside Rises Asian stocks rose, driving the MSCI
Asia Pacific Index to a 13-month high, as a weaker yen lifted
Japanese automakers and brokerage recommendations boosted
steelmakers and banks.
Steel Authority Planning to Buy Coking Coal Mines in Indonesia, Australia Steel Authority of India Ltd., the
nation’s biggest state-run producer, said it is considering
buying coking coal mines in Australia, Indonesia and Mozambique
with an Indian government joint venture.
Sterling Falls Against Euro on Speculation BOE Will Boost Asset Purchases The dollar declined to the weakest
level against the euro since before the bankruptcy of Lehman
Brothers Holdings Inc., unwinding the gains posted by the
greenback as investors sought safety amid a plunge in global
financial markets.
Thailand Plans to Sell 120,000 Metric Tons of Raw Sugar in Auction Oct. 15 Thailand, the world’s second-
largest sugar exporter, will sell 120,000 metric tons of raw
sugar on Oct 15.
Must-Have TIPS Show Bernanke Isn't Whipping BlackRock's Inflation Concern Treasury Inflation Protected
Securities are the bonds money managers can’t afford not to own.
Saudi Arabia Maintains Oil Shipment Cuts to Asia in November at 10% to 15% Saudi Arabian Oil Co., the world’s
largest oil producer, will maintain cuts in its supplies of
crude to refiners in Asia for November, said three officials who
received notices.
Suzlon Completes Global Blade Retrofitting Program, Spending $100 Million Suzlon Energy Ltd., India’s biggest
maker of wind-turbine generators, said it completed a global
blade retrofit program after spending about $100 million.
Treasuries Rise on Speculation Fed Won't Raise Rates Until Late Next Year Treasuries rose for the first time
in three days as investors bet the Federal Reserve will keep
interest rates at an all-time low until late next year and the
central bank prepared to buy U.S. debt.
CIT Group Chief Executive Peek to Resign as Lender Teeters on Bankruptcy CIT Group Inc., the 101-year-old
lender that may file for bankruptcy protection, said Jeffrey
Peek plans to resign as chairman and chief executive officer by
the end of the year.
Cisco Reaches an Agreement to Purchase Starent Networks for $2.9 Billion Cisco Systems Inc. said it agreed to
buy Starent Networks Corp. for $2.9 billion, or $35 a share, a
premium of 20.6 percent.
J&J Net Rises on Medical-Device Sales, Cost Cuts; Revenue Misses Estimates Johnson & Johnson, the world’s
largest health products company, said profit rose 1.1
percent as cost-cuts offset declining sales. Revenue fell
more than analysts expected, and the shares decreased.
Stock Rally Is `Way Ahead' of Economic Recovery, Allianz's Achleitner Says Allianz SE, Europe’s biggest
insurer, expects stock markets to fall because economic recovery
is lagging behind the 59 percent jump of the Standard & Poor’s
500 Index over the past seven months.
California Bond Sale Boosts Issuers' Costs With Investors `Overstretched' Borrowing costs for U.S. state and
local governments are rising from a 42-year low after investors
turned “cold and inhospitable” to the yields that municipal
issuers led by California sought for their debt.
Airbus Must Revamp A320's Engines to Beat Boeing, Bombardier, Qatar Says Airbus SAS should offer new engines
on its short-haul jetliner models to fend off a challenge from
Bombardier Inc. and stay ahead of Boeing Co., according to Qatar
Airways, which has 220 planes valued at $25 billion on order.
source: Bloomberg
