Reliance Bid for LyondellBasell `Positive' if Under $12 Billion, CLSA Says Reliance Industries Ltd.’s bid for
bankrupt chemicals and fuels maker LyondellBasell Industries AF
will be “positive” if India’s largest company pays less than
$12 billion, brokerage CLSA Asia-Pacific Markets said.
Asian Stocks Rise on China Growth Optimism, Metal Prices; Newcrest Gains Asian stocks rose for the first time
in three days as the head of China’s top economic planning
agency pledged to maintain “consistent, stable” policies to
boost growth, while higher metal prices boosted mining companies.
Indian Sugar Output May Beat Estimates By 11% on Yield, Increased Planting Sugar production in India, the
world’s second-largest grower, may be 11 percent more than
estimated after farmers boosted planting and yields improved
because of increased fertilizer use.
Sensex Index Rises a Second Day; Reliance Industries Gains on Acquisition India’s stocks rose for a second day,
Reliance Industries Ltd. led gains after the country’s biggest
publicly traded company said it’s buying bankrupt chemicals and
fuels maker LyondellBasell Industries AF.
Indian Phone Wars Curb Earnings at Bharti and Reliance Even as Sales Gain Anil Gupta stepped out of an Aircel
Ltd. shop in New Delhi with a better deal for calling his
daughter in Chicago.
Essar Oil Shares Gain After Report Shell May Buy Stake in Refinery Accord Essar Oil Ltd. rose as much as 3.4
percent in Mumbai and traded at 138.5 rupees as of 10.04 a.m.
local time. Royal Dutch Shell Plc is in talks to acquire a 10
percent stake in Essar Oil, the Economic Times reported on Nov.
21 citing unidentified people. Shell will buy the stake, valued
at about $364 million, as part payment for selling three of its
European refineries to Essar, the newspaper said.
Woman Who Sank Galleon Was Beauty-Queen-Turned-Analyst Allegedly With Tips Danielle Chiesi spent a lot of time
in hotel ballrooms and bars during the past decade.
Stocks, Commodities Gain on Economic Growth Outlook; Dollar, Yen Decline Stocks rose around the world,
commodities advanced and the dollar and the yen fell on signs
central banks will keep interest rates near record lows to
underpin the global economic recovery.
Dollar Slump Persisting as Most Accurate Forecasters See No Bottom in 2010 The most accurate dollar forecasters
predict the world’s reserve currency will continue sliding even
when the Federal Reserve begins to raise interest rates, which
policy makers say is an “extended period” away.
Bills Yielding Zero as Stocks Soar Give Investors Bernanke Moment of 1938 For the first time in seven decades,
Treasury bills are paying no interest while stocks continue to
appreciate -- a divergence in U.S. financial markets that might
be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t
know all about 1938.
Eastern Europe Proving Too Good to Last as Runaway Debt Erodes 50% Returns Eastern Europe, where currencies and
equities combined to produce total dollar-denominated returns of
about 50 percent this year, is showing signs of unraveling as
the continent’s favorite investment because of runaway debts.
Aluminum Bubble-in-Making Concerns Mount as Global Surplus Seen Rising 29% Warehouses holding enough aluminum
to build 69,000 Boeing 747 jumbo jets are why Peter Sorrentino
says the most abundant metallic element in the earth’s crust is
too expensive.
Brown Says Ending Fiscal Stimulus `Too Rapidly' Would Be Fatal to Growth British Prime Minister Gordon Brown
said ending fiscal stimulus too soon would smother economic
growth, seeking to build on a poll yesterday showing his Labour
Party trailing the opposition Conservatives by the thinnest
margin this year.
Caterpillar Beating Komatsu as Dow Industrials Soar on Dollar Index Drop For the first time since the equity
rally began in March, the biggest U.S. stocks are beating the
smallest as the dollar’s descent sends investors to companies
with the most business in international markets.
source: Bloomberg
