Heineken to Partner United Breweries in India, Ending Yearlong Conflict Heineken NV reached an agreement to
have United Breweries Ltd. brew and distribute the Heineken
brand in India, resolving a yearlong conflict over its
partnerships in the world’s second-most populous nation.
Dollar Fear Trumps Dollar Greed in Rising Prices to Protect Against Rally Traders in the $3.2-trillion-a-day
foreign-exchange market are paying the highest prices in more
than a year to protect against a sudden rebound in the dollar
after its worst annual performance since 2003.
Yen's Biggest Decline in Decade No Anomaly as Options Trades Fade on Bulls Options traders are growing less
bullish on the yen after efforts by Japanese officials to boost
the world’s second-biggest economy and a U.S. jobs report led to
the currency’s biggest weekly decline in a decade.
Sensex Index Declines for Second Day; Sterlite, Hindalco Lead the Retreat India’s benchmark stock index fell
for a second day, led by metal producers as commodity prices
declined as the dollar climbed against the rupee.
Gold Can't Beat Interest-Bearing Checking Account 30 Years After Last Peak Gold’s best year in three decades has
yet to match the returns of an interest-bearing checking account
for anyone who bought the most malleable of metals coveted for
at least 5,000 years during the last peak in January, 1980.
Russian, Indian Leaders Sign Ten-Year Agreement on Defense Cooperation Russia and its largest arms customer,
India, signed an agreement on increasing defense cooperation.
Suzlon Energy Shares Climb in Mumbai After German Repower Unit Wins Order Suzlon Energy Ltd., India’s biggest
maker of wind turbines, climbed the most in a week after its
German unit Repower Systems AG won a 143.5 megawatt order,
spurring hopes that business is picking up at debt-laden Suzlon.
Bonds Rise for First Time in 3 Days as 13-Month-High Yields Lure Buyers India’s benchmark bonds rose for the
first time in three days on speculation yields at the highest
level in 13 months attracted some investors.
Indian Rupee Weakens for Second Day on Bets U.S. Interest Rates to Climb India’s rupee fell the most in more
than two weeks as better-than forecast U.S. jobs data fueled
speculation the Federal Reserve will raise interest rates,
leading currencies in most of Asia’s developing economies lower.
J.Kumar Infraprojects to Sell Shares to Large Investors, Document Shows J. Kumar Infraprojects Ltd. plans to
sell shares to large investors, according to a share-sale
document. The sale is being managed by Anand Rathi Advisors Ltd.
Yen, Dollar Advance on Rate Outlook; Gold Declines the Most in 14 Months The yen strengthened and the dollar
rose to its highest level in a month against the euro as
investors weighed whether the world economy is recovering fast
enough to warrant higher central bank interest rates. Gold
headed for the steepest two-day retreat since October 2008.
U.S. Treasury Said to Want to Link Citigroup Stake Sale With TARP Payback The U.S. Treasury Department aims to
hold off on selling its 34 percent stake in Citigroup Inc. until
the bank and regulators agree on a broader plan to repay all
obligations remaining from last year’s $45 billion government
bailout, a person close to the department said.
Gold Can't Beat Interest-Bearing Checking Account 30 Years After Last Peak Gold’s best year in three decades has
yet to match the returns of an interest-bearing checking account
for anyone who bought the most malleable of metals coveted for
at least 5,000 years during the last peak in January, 1980.
Dollar Fear Trumps Dollar Greed in Rising Prices to Protect Against Rally Traders in the $3.2-trillion-a-day
foreign-exchange market are paying the highest prices in more
than a year to protect against a sudden rebound in the dollar
after its worst annual performance since 2003.
Dubai World May Sell Domestic, Foreign Assets to Repay Debt, Official Says Dubai World, the state-owned
holding company that’s in talks to renegotiate $26 billion of
debt, may sell assets in the United Arab Emirates and abroad
to repay its borrowings, a government official said.
Options Signal Stock Peril in U.S. While Analysts Forecast 20% Profit Gain Forecasts for the fastest U.S.
earnings growth in 15 years are failing to convince options
traders that the Standard & Poor’s 500 Index will extend its
biggest rally since the 1930s.
U.S. Says TARP Costs $200 Billion Less Than Forecast, Helping Cut Deficit The Obama administration expects the
cost of the Troubled Asset Relief Program to be $200 billion
less than projected, helping to reduce the size of the budget
deficit, a Treasury Department official said yesterday.
source: Bloomberg
