India Stocks Gain, Led by Steel Authority on State's Plan to Sell Shares Indian stocks advanced, led by Steel
Authority of India Ltd. and Oil & Natural Gas Corp., after the
government said it will sell shares in state-run companies and
increase the price of gas.
Food Strike, Fatal Riots Hobble India's Push to Sell Car Parts to GM, Ford Prem Kumar’s demand for higher pay
and better food at the cafeteria at the auto-parts factory where
he works near New Delhi forced General Motors Co. and Ford Motor
Co. to shut three plants on the other side of the world.
Rajaratnam Arrest Jolts Sri Lanka From Stock Exchange to Tsunami Survivors About 60 Muslim fishermen and their
families congregated in a community hall on Sri Lanka’s east
coast to pray for Raj Rajaratnam after he was arrested for
alleged insider trading at his New York hedge fund.
India Joins China in Planning to Build 20,000 Megawatts of Solar Power India is targeting generation of
20,000 megawatts of solar power by 2022, joining China as the
two Asian nations that resist emission caps draft plans to boost
renewable energy before next month’s global climate change talks.
Housing Development Finance Agrees to Buy 41% Stake in Credila Financial Housing Development Finance Corp.,
India’s biggest mortgage lender, agreed to acquire a 41 percent
stake in Credila Financial Services Pvt. from DSP Merrill Lynch
Capital Ltd., according to a statement from the company.
India Has 60 Eligible Companies for Selling Stakes, Finance Ministry Says India has 60 state-run companies
including Steel Authority of India Ltd. and Coal India Ltd. in
which it can sell stakes to raise funds for building roads,
ports and utilities, the finance ministry said.
India's Iron-Ore Price for Cash Sales to China May Rise as Supplies Fall India’s iron-ore price for cash
sales to China may rise about 4 percent this month as supplies
shrink from one of India’s biggest producing states following a
government directive to mines to halt work.
APEC Leaders Are Wary of Withdrawing Economic Stimulus Too Early, Too Late Asia-Pacific leaders said the
withdrawal of economic stimulus packages is all about timing:
too early and the recovery stalls, too late and resultant stock
and property bubbles may trigger a fresh financial crisis.
Stocks in U.S. Extend Second Weekly Gain on Disney, Abercrombie Earnings U.S. stocks rose, extending a second
straight weekly advance, as higher-than-estimated earnings at
Walt Disney Co. and Abercrombie & Fitch Co. overshadowed an
unexpected drop in consumer confidence. The dollar declined,
helping spur gains in raw materials and commodity producers.
Europe Economy Emerges From Recession as Exports Offset Sluggish Spending The euro-area economy emerged from
its worst recession since World War II in the third quarter as
exports from Germany and France helped compensate for
households’ reluctance to increase spending.
Fed Should Oversee Banks That Pose Systemic Risks, Treasury's Wolin Says The Federal Reserve is “best
equipped” to supervise the biggest, most complex financial
firms, Deputy Treasury Secretary Neal Wolin said.
J.C. Penney Jumps as Department-Store Owner Boosts 2009 Earnings Forecast J.C. Penney Co., the third-largest
U.S. department-store company, jumped the most in three months
in New York trading after saying third-quarter earnings exceeded
its expectations and raising its annual forecast.
Dollar Overwhelms Central Banks From Brazil to Korea as Reserves Increase Brazil, South Korea and Russia are
losing the battle among developing nations to reduce gains in
their currencies and keep exports competitive as the demand for
their financial assets, driven by the slumping dollar, is
proving more than central banks can handle.
Fed Keeping Rates Near Zero May Cause Next Crisis, Hong Kong's Tsang Says The Federal Reserve’s policy of
keeping interest rates near zero is fueling a wave of
speculative capital that may cause the next global crisis, Hong
Kong’s leader said.
Madoff Computer Technicians Jerome O'Hara, George Perez Charged With Fraud Two computer programmers who worked
in the Manhattan offices where Bernard Madoff masterminded a
multibillion-dollar Ponzi scheme were arrested by federal agents
for their role in concealing the fraud for more than 15 years.
source: Bloomberg
