India Central Bank Says Government's Borrowing Program a `Major Challenge' India’s central bank said it faces a
“major challenge” in managing the government’s debt sales,
which have fueled a record jump in bond yields this year and
made it “difficult” to keep prices stable.
Galleon's Rajaratnam Is Said to Have Planned Sri Lanka Fund Before Arrest Raj Rajaratnam, the founder of
Galleon Group, planned to gauge interest in a $200 million Sri
Lanka fund with a trip to London before he was arrested, said
two people with knowledge of the matter.
Sensitive Index Climbs for First Time in Four Days; Dr. Reddy's, ITC Gain India’s stocks rose for the first
time in four days, led by Dr. Reddy’s Laboratories Ltd. and ITC
Ltd. after earnings beat estimates. Reliance Industries Ltd.
fell as a partner said it will abandon an exploration project.
Rajaratnam's Galleon Cuts Indian Investments, Sells 950,000 Shriram Shares Galleon Group LLC, whose co-founder
Raj Rajaratnam faces insider-trading charges in the U.S., raised
$453,150 by cutting its investments in India, according to the
National Stock Exchange.
NTPC's Second-Quarter Profit Rises on Lower Wage Costs, Increased Sales NTPC Ltd., India’s biggest power
producer, said second-quarter profit rose 1.9 percent, beating
estimates, after a lower wage bill and increased sales.
Indian Rupee to Rise as Stock Gains Attract Funds, Barclays Capital Says Investors should bet on gains in the
Indian rupee using one-month non-deliverable forwards, Barclays
Capital said, predicting that the currency will strengthen as
stock gains lure funds from abroad.
Emerging Markets Equity Fund Inflows Advances to 22-Month High, EPFR Says Emerging market equity funds
received $4.9 billion in the week to Oct. 21, the most in 22
months, and bringing net inflows to more than $50 billion this
year, EPFR Global said.
ONGC Said to Have Cut Discount on Sales to State Refiners After Oil Falls Oil & Natural Gas Corp., India’s
biggest energy explorer, is said to have cut discounts on crude
oil sold to state refiners by 79 percent in the second quarter
after prices declined from a peak, an official said.
Hardy, Reliance Decline After Abandoning Indian Well With Poor Reservoir Hardy Oil & Gas Plc, a U.K. explorer
focused on Asia, had its biggest decline in London trading after
an Indian well showed “poor” reservoir sands. Partner Reliance
Industries Ltd. fell to a six-week low in Mumbai.
Microsoft Net Beats Analysts' Estimates as Cost Cuts Temper Falling Sales Microsoft Corp., the world’s largest
software maker, posted a smaller drop in profit than analysts
estimated after slashing costs to make up for falling sales. The
stock rose as much as 8.7 percent in early trading.
Bank of England May Boost Bond Purchases After Economy Unexpectedly Shrank Britain’s failure to escape the
worst recession since World War II may force the Bank of England
to increase its bond-purchase plan next month, economists said.
Stocks Rise in Europe, Asia as Yen Falls; Pound Plunges on U.K. Recession Stocks rose around the world and the
yen fell as profit surged at Amazon.com Inc. and Kia Motors
Corp., while Microsoft Corp. reported earnings that beat
estimates. The pound slumped as an unexpected third-quarter
contraction kept the U.K. in its longest recession on record.
Wall Street Reacts With Skepticism, Anger on Moves to Reduce Executive Pay The Obama administration’s moves to
rein in executive pay sparked criticism on Wall Street, as
lenders such as Bank of America Corp. said the measures may hurt
the very companies the U.S. is intent on saving.
Galleon's Rajaratnam Is Said to Have Planned Sri Lanka Fund Before Arrest Raj Rajaratnam, the founder of
Galleon Group, planned to gauge interest in a $200 million Sri
Lanka fund with a trip to London before he was arrested, said
two people with knowledge of the matter.
JPMorgan Takes the Lead in Europe's Asset-Backed Securities Market Revival JPMorgan Chase & Co. is the lead
investor in both of this year’s public securitizations of U.K.
mortgage loans, as the New York-based lender snaps up the type
of assets behind billions of dollars of losses at other banks.
AIG Swaps Executives Kept Bonuses They Promised to Return, Feinberg Says American International Group Inc.’s
highest paid executives in the unit blamed for pushing the
insurer to the brink of collapse haven’t returned bonuses as
they’d promised, according to the Obama administration.
source: Bloomberg
