India's Goal of Longest Stock-Trading Hours in Asia Stalls on Opposition India’s drive to extend stock
trading to the longest in Asia has stalled as brokers and money
managers oppose the move, hindering efforts to attract more
investors from overseas.
Sensitive Index Declines Most in Two Weeks; Infosys, DLF and Unitech Slide India’s stocks fell the most in more
than two weeks on concern a surge in foreign capital inflows
will make the currency stronger and cut exporters’
competitiveness.
India Must Raise Interest Rates `Fairly Soon' to Tame Inflation, OECD Says India’s central bank must tighten
its monetary policy “fairly soon” to rein in inflation, the
Organization for Economic Cooperation and Development said.
Mukesh Ambani's Wealth Jumps 54% as Number of Indian Billionaires Double Mukesh Ambani led India’s richest as
his net worth surged 54 percent after stocks rebounded from
their worst annual performance on record and helped almost
double the list of Indian billionaires, Forbes Asia said.
India May Take Steps to Slow Capital Inflows if Foreign Investments Surge India may take steps to slow capital
inflows if foreign investments surge, Finance Secretary Ashok
Chawla said amid exporter concerns of a stronger currency
reducing their competitiveness abroad.
Investors Need to Be `Cautious' as Indian Stocks Advance, UTI Sinha Says Indian stocks markets are being
driven higher by foreign inflows and investors need to be
“cautious” at these levels, said U.K. Sinha, chairman and
managing director of UTI Asset Management Co.
JFE, JSW Form Alliance for Automobile Steel as Demand Increases in India JFE Holdings Inc., Japan’s second-
largest steelmaker, agreed to cooperate with India’s JSW Steel
Ltd. on automobile steel production as demand increases for cars
in the world’s second-fastest growing major economy.
Bonds Rise for Fifth Day in a Row as Indian Government Reins in Debt Sales India’s benchmark 10-year bonds rose
for a fifth day, the longest winning streak since they were
issued in July, as reduced government debt sales bolstered
demand for existing notes.
Vedanta Aluminium Will Double Alumina Output in India After Mine Approval Vedanta Aluminium Ltd., a unit of
India’s largest copper producer, plans to double alumina
production once it gains approval to mine bauxite in Orissa.
Flour Millers, Seeking Cheaper Supplies, May Import Australian Wheat India, the second-biggest producer
of wheat, may buy as much as 300,000 metric tons from Australia
as flour mills look for cheaper supplies from overseas.
OECD Doubles 2010 Economic Growth Forecast as Global Rebound Accelerates The Organization for Economic
Cooperation and Development doubled its growth forecast for the
leading developed economies next year and predicted a further
acceleration in 2011 as China powers a global recovery.
Yen Rises, Stocks Retreat on Concern Rally Has Outpaced Economic Prospects The yen and the dollar rose as
investors sold high-yielding currencies on concern the rally has
outpaced the prospects for economic growth. Stocks fell from
Tokyo to London and commodities declined.
First-Time Bond Sales From Angola to Belarus Coming as Emerging Debt Gains From Angola to Belarus, emerging-
market governments are planning first-time debt offerings to
take advantage of the biggest bond rally in at least 11 years.
Facebook Common Stock Value Jumps 42% to $9.5 Billion on Private Market The price of Facebook Inc. stock on
exchanges for private companies has jumped as much as 42 percent
in the past four months as membership of the site topped 300
million users and the company turned cash flow positive.
Obama Sought China Progress on Flexible Yuan By Next Year, Huntsman Says President Barack Obama told Chinese
leaders this week the U.S. expects to see progress by next year
on making the yuan’s exchange rate “more flexible,” Ambassador
Jon Huntsman said
Brown's Government Proposes Legislation to Prevent `Abusive' Short Selling Prime Minister Gordon Brown’s
government proposed new powers to suspend “abusive” short
selling deemed to be endangering the financial system.
Goldman, Citi Hybrid Debt May Be Downgraded in Moody's $450 Billion Review Debt sold by Citigroup Inc., Goldman
Sachs Group Inc. and JPMorgan Chase & Co. is among the $450
billion of securities that Moody’s Investors Service said it may
downgrade.
source: Bloomberg
