Sensex Index Slides, Snapping Three-Day Gain, as ICICI Leads Banks Decline India’s benchmark stock index fell,
snapping a three-day 2.1 percent gain. ICICI Bank Ltd. slid
after HSBC Holdings Plc Chairman Stephen Green said new rules
may reduce the amount of credit available.
Standard Chartered Plans to Offer `Big Piece Missing' in India Next Year Standard Chartered Plc, the U.K. bank
that earns almost all its profit in emerging markets, will step
up advising clients on share sales in India next year, South Asia
Chief Executive Officer Neeraj Swaroop said.
Sugar Mills in India's Biggest Grower Idle Units as Farmers Withhold Cane Sugar mills in India’s biggest cane-
growing state have yet to begin crushing for the season started
Oct. 1, bringing sugar production to a halt, as farmers withhold
supplies in anticipation of a higher price, a miller said.
Vestas Plans to Double Wind Turbines in India on New Government Incentives Vestas Wind Systems A/S, the world’s
biggest maker of wind turbines, said it plans to almost double
its capacity to produce wind-power equipment in India as the
government offers new incentives for renewable energy.
India to Raise Rates in January on Economy's Rebound, Morgan Stanley Says India’s central bank may raise
interest rates as early as January as a rebound in the economy
makes a reversal of stimulus more likely, Morgan Stanley said.
Commodity Rally Propels Mining Stocks as Dollar Drops; Gold Reaches Record Commodities rose as the recovering
world economy spurred demand for raw materials, sending gold to
a record and mining stocks higher. Oil advanced for a third day
as the dollar fell.
Bank of England Split Three Ways on Bond Plan, Considered Deposit-Rate Cut Bank of England policy makers split
three ways in a vote to extend the bond-purchase program to 200
billion pounds ($336 billion), and discussed lowering the
deposit rate on bank reserves to encourage lending.
Marks & Spencer Names Morrison's Marc Bolland as Chief Executive Officer Marks & Spencer Group Plc, the
U.K.’s largest clothing retailer, said Marc Bolland, the head of
William Morrison Supermarkets Plc, will replace Stuart Rose as
chief executive officer next year.
Mitsubishi UFJ May Raise $11 Billion Capital, Revises Morgan Stanley Deal Mitsubishi UFJ Financial Group Inc.
may raise as much as 1 trillion yen ($11.2 billion) selling
shares and said Morgan Stanley will have greater control of the
banks’ planned securities joint venture in Japan.
China Faces Dangers of Asset Bubbles as Economy Expands, PBOC Adviser Says China is among the emerging markets
facing risks of property and commodity market bubbles, central
bank adviser Fan Gang said, joining officials from the region in
expressing concern about surging asset prices.
Maersk's Kolding Says Container Market Will Grow Next Year, Rates May Rise A.P. Moeller-Maersk A/S, the
owner of the world’s largest container shipping line, said
the market will return to growth next year and that freight
rates may rise as carriers curb capacity increases.
GMAC's Carpenter, Survivor of Wall Street Crises, Takes Car Lender's Wheel Michael Carpenter, named Nov. 16 as
the new head of GMAC Inc., is no stranger to executive suites,
distressed financial firms or the ailing auto and home lender.
source: Bloomberg
