Indian Swap Rate Posts Biggest Weekly Gain in More Than a Year on GDP Data India’s interest-rate swaps headed
for their biggest weekly increase in more than a year on
speculation the central bank may raise borrowing costs in the
coming months to curb inflationary pressures.
Policy Makers `Mistakes' May Send Stocks Tumbling, Indian Investors Say The withdrawal of stimulus measures
by central banks globally may send stocks tumbling next year,
predict India’s money managers.
GM, China's SAIC Will Form Venture to Make, Sell Small Vehicles in India General Motors Co. will cede a
majority stake in its China passenger-car venture to partner
SAIC Motor Corp. while forming a new partnership with the
Shanghai-based company to sell low-cost vehicles in India.
Navin Wins Additional Credits for Cutting Emissions at Chemical Factory Navin Flourine International Ltd.,
owner of India’s third-largest project to reduce carbon
emissions, won additional credits for cutting greenhouse gases
at its refrigerant factory in the western state of Gujarat.
Reliance Power Says Indian Court Hasn't Halted Land Purchase For Project An Indian court hasn’t stopped the
acquisition of land for a gas-fired power project being built by
billionaire Anil Ambani’s utility in northern India, a company
official said.
India to Buy More Rice From Farmers to Avert Imports, Opposition Protests India, harvesting its smallest rice
crop in seven years, plans to increase purchases from local
farmers to avoid imports that are as much as 73 percent more
expensive, said a government official.
Ten-Year Bonds Post Worst Week Since June on Concern Rates Set to Increase India’s 10-year bonds had their
biggest weekly drop since June after policy makers signaled the
need to raise interest rates to cool inflation.
JSW Steel to Import 5.5 Million Tons of Coking Coal as Demand Increases JSW Steel Ltd., India’s third-biggest
producer, plans to increase coking coal imports by more than a
fifth in the next financial year to meet demand from its mills.
OECD Asks India to Loosen `Restrictive' Rules in Insurance to Boost Jobs India must loosen foreign investment
rules in insurance, banking and retail to create more jobs and
accelerate economic growth, the Organization for Economic
Cooperation and Development said.
India to Start Auction for Third-Generation Wireless Spectrum `Shortly' India, the biggest economy in the
world not offering third-generation mobile-phone services
nationwide, will soon begin its auction of 3G wireless
frequencies, Prime Minister Manmohan Singh said.
Recession May Be Over, Too Soon to Cite a Precise Month, NBER's Hall Says The improving labor market indicates
the deepest U.S. recession since the 1930s may have ended,
though it is too soon to say precisely what month it stopped,
said the head of the group charged with making the call.
Dollar Rises Most Since June as Jobs Data Spur Bets on Fed Rate Increase The dollar rose the most since June
against the currencies of major U.S. trading partners as the
payrolls report encouraged traders to boost bets on Federal
Reserve rate increases.
U.S. Stocks Resume Gains as Jobs Report Boosts Banks, Industrial Companies U.S. stocks gained as an unexpected
drop in the jobless rate boosted banking, industrial and
technology shares, overshadowing a slide in commodity producers
as the dollar’s rally diminished the appeal of raw materials.
Jobless Rate in U.S. Unexpectedly Drops to 10% as Payrolls Fall by 11,000 Employers in the U.S. cut the fewest
jobs in November since the recession began and the unemployment
rate unexpectedly fell, signaling the recovery is lifting the
labor market out of the worst slump since World War II.
Whitacre Gives Reuss, Reilly Leadership Roles in Review of GM's Management General Motors Co. Chairman Ed
Whitacre made engineering chief Mark Reuss the president of GM’s
North American operations, and moved Vice Chairman Bob Lutz to
adviser for global design and product development.
BHP, Rio Tinto Said to Be Near Iron Ore Venture to Save Over $10 Billion BHP Billiton Ltd. and Rio Tinto Group
are close to agreeing on the terms of their proposed iron ore
joint venture and may announce the deal as early as tomorrow,
said two people familiar with the situation.
CIT's Canadian Noteholders Say Accord Backing Reorganization Not Complete CIT Group Inc.’s Canadian senior
unsecured noteholders said their agreement to support the
bankrupt 101-year-old commercial lender’s reorganization plan
hasn’t been completed, reserving their rights to object.
source: Bloomberg
