India's Economic Growth Quickens to 7.9%, May Spur Withdrawal of Stimulus India’s economy expanded at the
fastest pace in 1 1/2 years as manufacturing jumped, giving the
central bank room to withdraw more stimulus measures.
Sensex Index Advances as Economic Growth Accelerates, Dubai Concern Eases India’s benchmark stock index rose,
snapping a two-day 3.3 percent decline, as Asia’s third-largest
economy grew at the fastest pace in 1 1/2 years last quarter,
beating economists’ estimates.
Soybean Meal Exports From India to Miss Target on Shift to South America India, Asia’s biggest soybean meal
exporter, may miss a target to boost shipments by 25 percent as
a surge in domestic seed prices prompts buyers to shift to South
American supplies, a processors’ group said.
Steel Authority of India Said to Reduce December Prices on Cheaper Imports Steel Authority of India Ltd., the
nation’s second-biggest producer, will cut prices of products
used to make appliances and automobiles next month, a company
executive said.
Dubai Not Distressed in Bond Market Where Traders Bet on Abu Dhabi Rescue Dubai’s debt risk, after jumping the
most last week since January, is still below the level signaling
a potential failure as investors expect the emirate will be
rescued by oil-rich neighbor Abu Dhabi.
Emission Cut Offers by Rich Nations Not Good Enough, India's Saran Says India, the world’s fourth-biggest
polluter, said emission reduction offers by rich nations before
next week’s climate change talks in Copenhagen are insufficient.
Essar Oil to Extend Talks With Royal Dutch Shell on Refinery Acquisition Essar Oil Ltd.’s talks for the
possible purchase of three refineries from Royal Dutch Shell Plc
will continue beyond the end of November, the company said in an
e-mailed statement today.
Wockhardt Shares Surge as Much as 20% on Report of Loan Dispute Settlement Wockhardt Ltd., an Indian drugmaker,
rose by the most in at least nine years in Mumbai trading after
a newspaper reported it had reached a settlement over repayment
of a loan with Singapore’s DBS Bank Ltd.
Natural Gas Glut Overwhelms Speculators as Market Defies Wall Street Rally When Qatar’s biggest natural gas
shipment to the U.S. arrived this month, it signaled to Barclays
Capital Inc. and PFC Energy that this year’s worst performing
commodity investment won’t recover in 2010.
Dubai World's Debt Isn't Guaranteed by Government, Finance Official Says Dubai’s government said it hasn’t
guaranteed the debt of Dubai World, the state-controlled holding
company struggling with $59 billion in liabilities, and that
creditors must help it restructure.
Emerging Markets Rally, Europe Stocks Fall as Investors Weigh Dubai Pledge Emerging-market stocks rebounded
while European equities fell as investors assessed a pledge by
the United Arab Emirates to back Dubai banks and ease the
region’s debt crisis. U.S. index futures fluctuated and the
dollar dropped.
Dubai Shares Sink, Abu Dhabi Index Drops Most in Eight Years on Debt Delay Dubai shares tumbled and Abu Dhabi’s
stock index fell the most in at least eight years on the first
trading day since the government announced state-run Dubai
World, with $59 billion of liabilities, may delay debt payments.
Yen Options Signal Fujii Intervention Threats No Barrier to Weaker Dollar Options traders are adding to bets
the yen will rise against the dollar even after the Ministry of
Finance pledged to “do what is necessary” to stem gains
following a surge to a 14-year high.
In-Geithner-We-Trust Market Brings Lowest Treasury Yields With Record Debt Less than a week after deflecting
calls for his resignation, Timothy Geithner sold bonds on behalf
of U.S. taxpayers at the lowest yields on record in a show of
confidence in the Treasury Secretary’s policies.
Holiday Sales Will Drop 1% in U.S. as Forecasters See `Disciplined' Buying More consumers went shopping over
the Thanksgiving holiday weekend, yet spent less than last year
as they hunted for bargains on toys and electronics, according
to the National Retail Federation.
U.K. House Prices Advance for Fourth Month as Mortgage Approvals Increase U.K. house prices rose for a fourth
month in November and mortgage approvals climbed to the highest
level in 1 1/2 years as the economy started to emerge from the
recession.
source: Bloomberg
