India Buys Gold From IMF as Dollar Decline Prompts Banks to Diversify India, the world’s biggest gold
consumer, bought 200 tons from the International Monetary Fund
for $6.7 billion as central banks show increased interest in
diversifying their holdings to protect against a slumping dollar.
Indian Stocks Decline; Hindalco, Reliance Communications Lead the Retreat Indian stocks fell for the sixth day,
driving the benchmark index to its longest losing streak in a
year, led by Hindalco Industries Ltd. and Reliance
Communications Ltd. after they reported declines in profit.
India's Inflation Not a Pressing Concern, Mukherjee Says, After Tightening India’s Finance Minister Pranab
Mukherjee said inflation in the country isn’t a “pressing
concern” as yet, revealing the government’s differences with
the central bank which started monetary tightening last week.
Reliance Communications Falls After Company Reports `Shocking' Earnings Reliance Communications Ltd. shares
fell for a seventh day, their longest rout in more than a year,
after India’s second-largest mobile-phone operator reported
earnings that missed analysts’ estimates.
Pernod Ricard Says Demand `Very Lively' in India, No Impact From Crisis Pernod Ricard SA, the world’s second-
largest liquor maker, said demand is “very lively” in China and
India, while next year will remain “difficult” for champagne
brands.
Suzlon Falls Most in Six Months After Posting Wider Loss Than Estimated Suzlon Energy Ltd., India’s biggest
maker of wind-turbine generators, declined the most in more than
six months in Mumbai trading after posting a wider loss than
analysts estimated as equipment orders slowed.
Mukand Gains Most in Two Months on Plan to Sell Land, Reduce Debt by Half Mukand Ltd., an Indian maker of wire
rods, steel bars and alloy castings, rose the most in almost two
months in Mumbai trading after saying it plans to sell surplus
land from its Kalwa unit.
Overseas Shipments Decline Least This Year as Global Economic Slump Eases India’s exports declined the least
this year as economic recovery in the U.S. and Europe boosted
demand for the South Asian nation’s products.
Scotland's Aberdeen, Standard Life Cool on Outlook for Asian Bull Market Scotland’s two biggest fund managers
say it’s getting tougher to make money from Asian stocks.
Asia Corporate Junk Bond Spreads May Widen on Surge in Sales, Nomura Says The extra yield investors demand to
own Asian speculative-grade corporate bonds instead of
government debt may increase by as much as 1 percentage point
amid a surge in new issues, according to Nomura Holdings Inc.
Berkshire Hathaway to Buy Burlington Northern for $34 Billion, Split Stock Berkshire Hathaway Inc. agreed to buy
railroad Burlington Northern Santa Fe Corp. in the company’s
biggest takeover under Warren Buffett.
RBS, Lloyds Banking Get $51 Billion From U.K. Taxpayers in Second Bailout Royal Bank of Scotland Group Plc and
Lloyds Banking Group Plc will receive 31.3 billion pounds ($51
billion) in a second bailout from the U.K. taxpayer as the two
banks agreed to cap bonuses.
U.S. Stock Futures Pare Drop as Buffett to Buy Rest of Burlington Northern U.S. stock-index futures pared their
decline after Warren Buffett’s Berkshire Hathaway Inc. said it
would buy Burlington Northern Santa Fe Corp.
California Answers Investor Call for $750 Million in Build America Bonds California is responding to investor
demand for more of the state’s Build America Bonds by offering
about $750 million today after a so-called reverse inquiry that
is more common for corporate issues than for municipals.
Retailers `Dodge Bullet' as CIT's Bankruptcy Filing Hits Close to Holidays The timing of CIT Group Inc.’s
bankruptcy filing may have helped U.S. retailers avoid a holiday
season with empty shelves.
source: Bloomberg
