ArcelorMittal May Look at Alternative Locations for India Steel Factories ArcelorMittal, the world’s largest
steelmaker, may look at other locations for its proposed
factories in India after facing delays for more than four years
in securing land and iron ore mines in Jharkhand and Orissa.
Sensex Index Advances Most in Three Months, Snaps Six-Day Losing Streak India’s stocks rose the most in three
months, snapping the benchmark index’s biggest losing streak in
a year, after Finance Minister Pranab Mukherjee said the
government will not withdraw stimulus measures.
Raj Rajaratnam Said to Keep Personal Investments in Sri Lanka Amid Probe Raj Rajaratnam, the biggest investor
in Sri Lanka’s stock market, has no immediate plans to sell
holdings in the south Asian nation after insider-trading charges
in the U.S., a person familiar with the matter said.
Law to Allow India to Cut Stake in State Bank Said to be Amended This Year India plans to amend a law this year
allowing the government to reduce its holding in State Bank of
India and let the nation’s largest lender raise funds, a finance
ministry official said.
Indian Rupee Strengthens as Economic Growth to Attract Foreign Investment India’s rupee strengthened on
speculation the nation’s relatively fast economic growth will
draw overseas funds to the nation’s assets.
Supreme Court Says New Panel of Judges to Hear Billionaire Ambani Gas Case India’s Supreme Court will appoint a
new panel of judges to hear a gas supply dispute between the
billionaire Ambani brothers after a member of the previous bench
recused himself, citing a potential conflict of interest.
Asian Stocks Rise for First Day in Three on Profit Optimism; Toyota Gains Asian stocks rose for the first time
in three days, led by banks and mining companies, as Korea
Exchange Bank and Westpac Banking Corp. posted better-than-
estimated earnings and gold prices climbed to a record.
JSW Steel Declines Amid Concern Annual Output May Fall Short of its Target JSW Steel Ltd., India’s third-biggest
producer, declined in Mumbai trading after October output raised
concerns annual production may fall short of its target.
Tata Motors to Build as Many as 25,000 Jaguar XJ Sedans, Challenging BMW Tata Motors Ltd. will build as many
as 25,000 Jaguar XJ luxury car annually starting next quarter in
a bid to take customers from Bayerische Motoren Werke AG’s 7
Series and Daimler AG’s Mercedes S Class.
Stocks, Gold Rally as Dollar Drops on Speculation Fed Will Keep Rates Low Stocks and commodities rose around
the world and gold reached a record, while the dollar and the
yen fell on speculation the Federal Reserve will repeat its
stance that rates will stay on hold for an “extended period.”
General Motors to Keep Opel in Second Break From Post-Bankruptcy Strategy General Motors Co.’s board voted to
keep its Opel unit rather than sell a majority stake to Magna
International Inc. and partner OAO Sberbank, citing an improving
economy and the brand’s strategic importance.
Bernanke Tries to Acknowledge Rebound Without Foreshadowing Rate Increase Federal Reserve officials may today
indicate their $1 trillion injection into the economy is helping
to revive growth without requiring an increase in interest rates
from near zero, economists said.
Trichet's `Black List' Fails to Deter Weber as ECB Debates Exit Strategy Jean-Claude Trichet is struggling to
control Germany’s Axel Weber and fellow European Central Bank
council members who are flouting communications etiquette as the
bank prepares to exit emergency stimulus measures.
Goldman's Currie Says Oil Drives Dollar Down, Rather Than Other Way Around Crude oil, which has risen 80 percent
this year, is causing the U.S. dollar to weaken, driving metals
and other commodities higher, according to Jeffrey Currie, head
of commodity research at Goldman Sachs Group Inc.
Kraft's `Disciplined' Cadbury Bid Approach Sows Doubt Takeover to Proceed Kraft Foods Inc. Chief Executive
Officer Irene Rosenfeld’s vow to remain “disciplined” on her
bid for Cadbury Plc stirred speculation that the U.S. company
may scrap its offer as a takeover deadline approaches.
Disney Wins Approval for Park in Shanghai to Access China's Richest City Walt Disney Co. won government
approval to build a theme park in Shanghai, giving the world’s
largest media company access to consumers in mainland China’s
richest city.
source: Bloomberg
