India's Exports, Manufacturing Data Point To Recovery as Asia Exits Slump India’s exports declined the least
this year and manufacturing output gained for an eighth month,
adding to evidence that Asia’s third-largest economy is
recovering from the global recession.
India's 7.9% Economic Growth May Force Subbarao to `Sit Up, Take Notice' India’s central bank may withdraw
more stimulus measures by the end of the year after Asia’s
third-biggest economy grew at the fastest pace in six quarters.
Posco Invited to Build Steel Factory in South Indian State of Karnataka Posco, Asia’s fifth-largest
steelmaker, said the government of India’s southern state of
Karnataka invited it to build a mill, its second planned factory
in the country.
Sensex Index Climbs for Second Day as Economy Expands, Reliance Leads Gain India’s stocks rose for a second day
as Morgan Stanley and Kotak Mahindra Bank Ltd. raised their
growth estimates after Asia’s third-largest economy expanded at
the fastest pace in 1 1/2 years.
Sugar Mills in India Delay Imports Waiting for Domestic Prices to Decline Sugar mills in India’s biggest cane-
growing state are delaying imports after resolving a dispute
with cane suppliers, reducing demand that’s helped send global
prices to a 28-year high.
Indian Factory Output Rises for Eighth Straight Month on Rates, Tax Cuts India’s manufacturing output rose for
an eighth straight month in November as record-low interest
rates and tax cuts spurred consumer spending.
IDBI Said to Hire Three Banks to Help Get $225 Million of Five-Year Loans IDBI Bank Ltd. hired three banks to
help it get $225 million of five-year loans, according to three
people familiar with the matter.
Bond Yields at Two-Week High Before India Auctions $2.15 Billion of Debt India’s benchmark bonds headed lower
for a third day before the government auctions 100 billion
rupees ($2.15 billion) of debt later this week.
Rupee Gains for Second Day as Accelerating India Growth May Lure Investors India’s rupee rose the most in more
than two weeks on speculation accelerating growth will boost the
attraction of the nation’s assets for overseas investors.
Government Bond Yields Climbs to Two-week High Before India's Debt Auction India’s benchmark bonds fell for a
third day, the longest stretch in almost a month, before the
government auctions 100 billion rupees ($2.15 billion) of
debt later this week.
Stocks Rise Worldwide as Dubai Concern Wanes, China Expands; Dollar Drops Stocks rallied from Shanghai to New
York and the dollar slid as Dubai World said it’s in talks to
restructure less than half its debt and Chinese manufacturing
grew at the fastest pace in five years. Treasury 10-year notes
dropped for the first time in six days.
U.S. Manufacturing Expands for a Fourth Month as Factories Propel Recovery Manufacturing in the U.S. expanded in
November for a fourth consecutive month, putting factories
at the forefront of the recovery.
Pending Sales of Existing Homes in U.S. Unexpectedly Climb on Tax Credit The number of contracts to buy U.S.
previously owned homes unexpectedly rose in October as consumers
rushed to take advantage of a tax credit that was due to expire.
CBOE Board Is Said to Plan Discussion of Selling Stock to Public Next Week Directors of the Chicago Board
Options Exchange, the largest U.S. options market, will be
presented with a plan to shed its members-only structure and
become a public company at a meeting Dec. 10, according to a
person familiar with the matter.
Thomson Default Swaps Have Been Triggered by Bankruptcy Event, ISDA Says Credit-default swaps insuring about
$887 million of Thomson SA debt have been triggered by a
bankruptcy event and will be settled at auction, according to
the International Swaps & Derivatives Association.
Comcast-NBC Deal Would Face `Gauntlet' of Regulatory Reviews, Moffett Says Comcast Corp.’s planned takeover of
NBC Universal will draw scrutiny from Obama administration
regulators who have said consolidation of U.S. media companies
may thwart competition.
Russia May Cut Planned Bond Sale in Half on Higher Oil Price, Klepach Says Russia may reduce next year’s planned
debt sale by as much as 50 percent because higher oil prices
are raising revenue for the world’s biggest energy supplier,
Deputy Economy Minister Andrei Klepach said.
source: Bloomberg
