DHL, Renault, Walmart Bet on India to Fill Potholed Roads, Develop Ports Renault SA, DHL Worldwide Express
and Wal-Mart Stores Inc. plan to expand in India, betting the
government will deliver on a pledge to spend $500 billion by
2014 to fill pot-holed roads and build power plants.
India's Export Decline Narrows as Demand Improves Amid Global Recovery India’s exports declined the least
in 10 months in October as economic recovery in the U.S. and
Europe increased demand for the South Asian nation’s products.
Government Must Open Up Indian Bond Market to Foreign Funds, Official Says India should consider raising
investment limits for foreign buyers of domestic bonds
“opportunistically,” a finance ministry official said.
Shree Renuka Acquires Brazilian Sugar and Ethanol Company for $82 Million Shree Renuka Sugars Ltd., India’s
biggest refiner, acquired Brazil’s Vale Do Ivai SA for $82
million in the country’s first overseas purchase of a cane-
plantation company. Shares climbed to a record.
Sensex Index Advances To Three-Week High; Sterlite, Tata Motors Lead Gain India’s benchmark stock index rose
to a three-week high, led by metals producers after commodity
prices rallied on hopes of a stronger global economic recovery.
Uttar Pradesh Mills to Start Crushing Sugar Cane in 2 Days, Minister Says Sugar mills in Uttar Pradesh,
India’s biggest cane-growing state, will start crushing in two
days, easing supply shortages, lowering local prices and slowing
imports of raw sugar.
Reliance, ONGC Take Precautions as Tropical Storm Nears India's West Coast Reliance Industries Ltd., owner of
the world’s largest refining complex, and Oil & Natural Gas
Corp., took measures to protect their installations from a
tropical cyclone off India’s west coast.
Lehman-Backed Indian Power Producer to Raise $125 Million From Share Sale KSK Energy Ventures Ltd., the Indian
utility whose stakeholders include funds tied to Lehman Brothers
Holdings Inc., plans to raise as much as $125 million selling
shares to institutional investors.
Development Credit Bank to Raise Up to 1 Billion Rupees Selling Shares Development Credit Bank Ltd. plans
to raise as much as 1 billion rupees ($21.6 million) selling
shares to institutional investors, according to a sale document.
King Says BOE Still Has `Open Mind' on Bond Purchases, Won't End Stimulus Bank of England Governor Mervyn King
said the U.K. economy faces a “hard path” back to health and
he has an “open mind” on further bond purchases, signaling
officials aren’t ready to withdraw stimulus yet.
Stocks, Commodities Advance on China Economy; Gold Climbs to Record Level U.S. stocks extended a global
advance, sending the Standard & Poor’s 500 Index to a 13-month
high, and commodities rallied as China’s industrial production
and Japan’s machinery orders increased. Gold jumped to a record.
Global Confidence Drops as Central Banks Begin to Exit Emergency Stimulus Confidence in the world economy
dipped in November as central banks’ actions to withdraw some
stimulus measures sparked concern about the strength of the
recovery, a Bloomberg survey of users on six continents showed.
Libor-OIS Spread Drop May Be Warning on Risk, Macroeconomic Advisers Says The drop in the premium banks charge
for dollar loans above the federal funds rate to pre-financial
crisis levels may indicate investors are underestimating risk
again, according to Macroeconomic Advisers LLC.
China's Industrial Production, Trade Surplus Climb, Fueling Yuan Pressure China’s industrial production and
trade surplus climbed in October, indicating a strengthening
recovery in the world’s third-largest economy that’s likely to
amplify calls to let the yuan appreciate.
Swiss Pay, Bonus Rules Will Apply Only to 12 Biggest Financial Companies Swiss regulators scaled back plans
to curtail banker bonuses, saying their proposals would apply
only to the country’s 12 largest banks and insurers following
complaints the rules would harm smaller companies.
Blackstone, KKR Said to Prepare Share Sale for Denmark Phone Company TDC Blackstone Group LP, KKR & Co. and
three leveraged buyout firms that bought Denmark’s TDC A/S in
Europe’s biggest LBO at the time are preparing to sell part of
their stake, five people familiar with the plans said.
source: Bloomberg
