Indian Rice Imports to Cause `Major Swing' in Trade, Price Gain, Olam Says Indian rice imports next year will
create a “fairly major swing” in global trade and push prices
higher, commodities supplier Olam International Ltd. said.
Alstom Said to Plan Venture With Nuclear Power Corp. for Supplies in India Alstom SA, the world’s third-largest
power plant builder, plans to set up a venture with Nuclear
Power Corp. of India and Bharat Heavy Electricals Ltd. to supply
equipment in India, three people familiar with the matter said.
Asian Shares Fall as Sony, Dell Fuel Profit Concern; United Micro Slumps Asian stocks fell for a fourth day,
the longest losing streak since July, after Sony Corp. pushed
back its profitability targets and Dell Inc. posted lower-than-
estimated earnings.
ICICI Bank of India to Raise $750 Million Selling Bonds Maturing in 2015 ICICI Bank Ltd., India’s second-
biggest lender, will price $750 million of 2015 bonds to yield
between 337.5 basis points to 350 basis points more than
similar-maturity U.S. government debt, according to an e-mail
sent by the managers to investors.
Sensex Index Advances, Erasing Earlier Losses; Reliance Industries Gains Indian stocks rose, erasing earlier
losses, after some traders covered short position, or bets that
prices will fall, after the benchmark fell to its lowest in two
weeks yesterday.
Galleon Sells its Entire Stake in India's Edelweiss Capital, Official Says Galleon Group LLC, the U.S. hedge
fund whose founder Raj Rajaratnam has been charged with insider
trading, sold its stake in India’s Edelweiss Capital Ltd., said
an official at the Mumbai-based company who asked not to be
identified.
India Must Raise Interest Rates `Fairly Soon' to Tame Inflation, OECD Says India’s central bank must tighten
its monetary policy “fairly soon” to stem inflation, the
Organization for Economic Cooperation and Development said.
Palm Oil Exports From Indonesia to Gain on Global Recovery, Group Predicts Palm oil output and exports from
Indonesia, the biggest producer, may increase to a record next
year as the global economic recovery stokes demand for the most-
consumed vegetable oil, according to industry officials.
Tata Steel Gets 56% Acceptance for Bond Exchange on Debt Raised for Corus Tata Steel Ltd., aiming to cut
funding costs, received 56 percent acceptance for a bond
exchange on debt raised to fund its purchase of Corus Group Ltd.
India to Amend Cane-Price Order After Opposition Parties, Farmers Protest India agreed to modify the new sugar
cane-price order after opposition parties stalled the parliament
for a second day demanding higher rates for cane farmers.
Fed Makes Monitoring Capital Adequacy Foremost Concern Amid Talk of Bubble Federal Reserve officials are
stepping up scrutiny of the biggest U.S. banks to ensure the
lenders can withstand a reversal of soaring global-asset prices,
according to people with knowledge of the matter.
Stocks, Index Futures Fall on Trichet Remarks, Dell Earnings; Yen Advances Shares, U.S. stock-index futures and
commodities fell after European Central Bank President Jean-
Claude Trichet said policy makers will withdraw emergency cash
gradually and Dell Inc.’s earnings trailed analysts’ estimates.
The yen rose.
Housing Recovery in U.S. Is Set Back to 2010 With Market on `Life Support' A recovery in U.S. housing will
have to wait at least until next year.
China Sidesteps Yuan Criticism as Zhou Says Government `Passive' on Dollar China is “passive” on the value of
the U.S. dollar, central bank Governor Zhou Xiaochuan said,
signaling that policy makers aren’t yet prepared to loosen
controls on the yuan.
Ex-Pequot Worker Told Psychologist That Samberg Sought Insider Information The ex-Pequot Capital Management
Inc. employee now at the center of a U.S. insider-trading probe
told his therapist that the hedge-fund firm fired him in 2001
after he stopped delivering secret information on Microsoft
Corp., the psychologist said in a deposition.
Cadbury's Carr Rehearsed Kraft Resistance by Thwarting Goldman in Pub Bid Roger Carr, Cadbury Plc’s chairman,
once thwarted Goldman Sachs Group Inc., then led by former
Treasury Secretary Henry Paulson, from bidding for pub chain
Mitchells & Butlers Plc in 2006.
Commodities to Attract Record $60 Billion Inflows This Year, Barclays Says Commodities will likely attract a
record $60 billion this year as investors seek to diversify
their assets, Barclays Capital said.
source: Bloomberg
