India Factory Output Rises More Than Forecast, Adding to Signs of Recovery India’s industrial production grew
more than economists forecast in September, adding to positive
economic signs as policy makers consider when to rein in
stimulus measures.
Anand Mahindra Expects Indian Auto Industry Will Grow Rapidly on Demand India’s automotive industry will
grow “very rapidly” as economic growth and new roads lift
demand, Anand Mahindra, Managing Director of Mahindra & Mahindra
Ltd., said in Singapore today.
MSCI Adds Brazil, China Stocks in Indexes, Reflecting Growth, Stock Rally MSCI Inc. is increasing the number
of Brazilian and Chinese stocks in its global standard indexes
following a semi-annual review, reflecting a rally in the
world’s two largest developing markets.
Reserve Bank Faces Challenge Keeping Growth, Inflation Aims, Official Says India’s central bank faces a
challenge to set interest rates that will help contain inflation
and support growth, said Deepak Mohanty, the monetary
authority’s head of economic policy, statistics and information.
Robusta Coffee Crop in India May Benefit from Tropical Cyclone, Board Says Robusta coffee crop in India, the
third-biggest grower in Asia, may benefit from rains brought
by the tropical cyclone Phyan, the Coffee Board said.
Gold Slips From Record in London Trade as Futures Have Best Run Since 1982 Gold fell for the first time in five
days in London as a stronger dollar prompted some investors to
sell the metal after its rally to a record. Gold futures rose
for a ninth consecutive day, the longest run since 1982.
Infosys BPO Agrees to Acquire Back Office Company McCamish for $38 Million Infosys BPO Ltd. agreed to buy U.S.-
based back office services provider McCamish Systems LLC for an
upfront payment of $38 million, according to a statement from
the company.
Tata Steel Falls as Corus Debt Recast Plan Shows `Breathing Space' Needed Tata Steel Ltd. fell in Mumbai after
a plan to switch debt for its Corus Group Ltd. purchase showed
India’s biggest steelmaker is under “pressure” in Europe and
is seeking “breathing space,” analyst Niraj Shah said.
Walmart Earnings Advance 3.2%; Fourth-Quarter Revenue Seen Little Changed Wal-Mart Stores Inc., the world’s
largest retailer, reported third-quarter profit rose 3.2
percent, helped by inventory management, and forecast sales for
the fourth quarter would be little changed.
Wall Street Faces `Live Ammo' as Congress Tries to Dismantle Biggest Banks Seven Wall Street lobbyists trooped
to Capitol Hill on Nov. 9, hoping to convince Representative
Paul Kanjorski’s staff that his plan to dismantle large
financial firms was a bad idea.
APEC Praises China's Role in Stoking Economic Growth, Dodges Yuan Debate Asia-Pacific finance ministers
praised China’s part in reviving global economic growth and
dodged a discussion on whether the yuan’s weakness is damaging
its neighbors’ exports.
U.S. Index Futures Decline; S&P 500 Poised to Retreat From 13-Month High U.S. stock-index futures dropped,
indicating the Standard & Poor’s 500 Index will retreat from a
13-month high, after Chinese Premier Wen Jiabao said the world
faces a gradual and uneven recovery.
UBS, JPMorgan Chase Should Be Tried in Milan Swaps Case, Prosecutor Says The Italian prosecutor probing the
sale of derivatives to the City of Milan on $2.1 billion of
borrowings is seeking indictments against four banks and 13
individuals, according to court documents.
Trash Collectors Burning Garbage Seek to Prevent U.K. Electricity Shortage U.K. trash collectors, fighting
rising landfill taxes, plan to burn enough rubbish to fuel power
stations with the capacity of two nuclear reactors.
Balyasny Said to Link Ex-Analyst to Fortuna, Fund Manager in Galleon Case Balyasny Asset Management LP, a
Chicago-based hedge-fund firm, told investors that a former
analyst had contact with Steven Fortuna, a money manager who
pleaded guilty in a Galleon Group LLC insider-trading case.
source: Bloomberg
