India Industrial Output Gains Less Than Forecast, Pushing Back Rate Rise India’s industrial production grew
less than forecast, suggesting the central bank may wait for
more signs of economic recovery before raising interest rates.
Oil & Natural Gas Refinancing $1 Billion Loan Taken to Buy Imperial Energy Oil & Natural Gas Corp., India’s
biggest energy explorer, plans to raise $1 billion in a month to
refinance debt its unit incurred in the purchase of U.K.-based
Imperial Energy Plc amid current low interest rates.
India's Richest Woman Plans Power Utility Share Sale as Rival Offers Fall Jindal Power Ltd., controlled by
India’s richest woman, plans to raise as much as 100 billion
rupees ($2.1 billion), testing appetite for energy shares after
investors lost money on every Indian utility IPO this year.
Sensex Index Declines as India's Factory Output Grows Less Than Expected India’s benchmark stock index fell
after industrial output accelerated less than economists’
forecast in October.
Jindal Steel & Power Bids for Majority Ownership in Zimbabwe Iron & Steel Jindal Steel & Power Ltd., India’s
second-biggest steelmaker by value, has bid for a majority stake
in Zimbabwe Iron & Steel Co. as part of an overseas expansion
program, Jindal Steel Director Sushil Maroo said.
India's Overseas Borrowing Curbs Will Hurt Rupee, Standard Chartered Says India’s rupee, the best-performing
Asian currency this quarter, may pare gains in the coming weeks
after the nation tightened rules on overseas borrowing that were
eased during the credit crisis, Standard Chartered Plc said.
Raja Says No Change in India's Third-Generation Auction Schedule as of Now India said there’s no change in the
schedule of the auction for licenses to set up third-generation
mobile telecommunications network and the group of ministers
will decide on the airwave slots, Communications Minister A.
Raja told reporters in New Delhi.
Rupee Pares Gain as India's Industrial Production Rose Less Than Estimated India’s rupee pared earlier gains
after a government report showed industrial production increased
less than economists estimated in October.
Suven Life Says Split in Indian State May Raise Costs, Deter Investors Suven Life Sciences Ltd., an Indian
maker of generic drugs, said the plan to divide a province in
the South Asian nation may lead to higher costs prompting
companies to search for “safe havens” outside the state.
Stocks, Dollar Gain as Treasuries Decline Amid Signs of Economic Recovery Stocks rose while government bonds
and the yen fell as data on retail sales and consumer confidence
in the U.S. and industrial production in China bolstered
optimism the global economic recovery is strengthening. Copper
advanced for the first time in seven days.
U.S. Retail Sales Rise More Than Forecast in Sign Spending Gathering Speed Sales at U.S. retailers rose more
than forecast in November, a sign consumer spending is gathering
speed heading into 2010.
Goldman Sachs Stock Bonus Plan to Defer Compensation Expenses for Future Goldman Sachs Group Inc.’s plan to
pay top executives in restricted stock will let the firm defer
compensation expenses, reducing what it must report this year
after being pilloried for setting aside more than $16 billion
for employees.
Icahn Buys Debt of Trump Entertainment Resorts in Deal With Nevada Banks Carl C. Icahn today announced that
his affiliated entities have entered into an agreement with Beal
Bank and Beal Bank Nevada, pursuant to which the Icahn entities
have purchased a majority of the outstanding first lien bank
debt of Trump Entertainment Resorts Holdings, L.P.
Vranos Becomes Latest IPO Casualty as Ellington Financial Shelves Offering Ellington Financial LLC, run by
Michael Vranos’s $2.5 billion hedge-fund firm, shelved its
initial public offering as investors refused to finance its plan
to buy bonds backed by the type of home loans that helped spur
the biggest housing bust since the Great Depression.
Dubai's Fallout Makes Financing Tougher as Gulf States Compete for Money The race between Gulf states to
build the biggest airport, tallest skyscraper or glitziest hotel
is turning into a competition simply to convince banks to keep
lending to the oil-rich region.
source: Bloomberg
