India's Bourses Defer Extended Trading Hours After Backlash From Brokers Indian stock exchanges deferred
plans for longer trading hours after a backlash from brokers and
investors given only a day’s notice, hampering efforts to win
back business lost to overseas bourses.
Nuclear Power Plans $6.5 Billion Borrowing to Build Reactors in India Nuclear Power Corp. of India, the
nation’s monopoly atomic generator, plans to borrow as much as
$6.5 billion to fund six new reactors as the second fastest-
growing major economy grapples with power shortages.
Food Prices in India Climb Most in 11 Years; Central Bank May Raise Rates India’s wholesale food prices rose
at the fastest pace in eleven years, making it more likely that
the central bank will raise borrowing costs to curb inflation.
Sugar Production Declines in India on Drought Damages, Cane-Price Dispute Sugar output in India, the biggest
grower after Brazil, fell 9.6 percent in the first two months of
the season that began Oct. 1, said an official at the Indian
Sugar Mills Association.
Maytas Infra Says It Doesn't Belong in U.S. Satyam Investor Fraud Lawsuits Maytas Infra Ltd., which Satyam
Computer Services Ltd. sought to buy a month before touching off
India’s biggest corporate-fraud inquiry, said it doesn’t belong
in U.S. investor lawsuits against Satyam.
Sensex Index Declines; DLF, Reliance Infra, Maruti Suzuki Shares Retreat India’s benchmark stock index fell,
led by DLF Ltd. after the nation’s biggest property developer
said it will list a real estate investment trust when the
markets are “right.”
China, India Demand May Boost Thermal Coal Price to $80/Ton, JPMorgan Says Demand for thermal coal from China
and India may boost prices of the fuel to $80 a metric ton next
year amid reduced supplies and lower inventories, JPMorgan Chase
& Co. said in a report.
India's 10-year Bonds Halt a Two-Day Slide on Interest-Rate Speculation India’s bonds snapped a two-day
slide on speculation the central bank will refrain from raising
borrowing costs this month as quarterly corporate tax payments
have drained cash from the financial system.
Time Warner to Purchase India's NDTV Imagine for $126.5 Million to Expand Time Warner Inc., owner of the HBO
and CNN television networks, agreed to pay $126.5 million for
India’s NDTV Imagine Ltd., operator of a Hindi entertainment
channel, to increase its international programming.
Leading Economic Index in U.S. Climbed More-Than-Forecast 0.9% in November The index of U.S. leading indicators
rose for an eighth consecutive month in November, a sign
economic growth will extend into the first half of 2010.
Manufacturing in Philadelphia Area Expands as Sales, Employment Increase Manufacturing in the Philadelphia
region expanded in December at the fastest pace in more than
four years as sales and employment grew.
Dollar Rises, Stocks Fall Worldwide as Greek Downgrade Fans Safety Demand The dollar rose to the highest level
in three months against the euro while stocks and commodities
fell as Greece’s debt downgrade fanned concern that spiraling
national debts may hamper the global economic recovery.
Tudor Jones Turns Away Investors as Hedge-Fund Industry Outflows Persist In a year when investors pulled an
estimated $118 billion from hedge funds through November, Paul
Tudor Jones was one of at least six managers who decided it was
time to turn away cash.
Whitney Cuts Goldman Sachs, Morgan Stanley Earnings Estimates Through 2011 Meredith Whitney, the analyst known
for predicting Citigroup Inc.’s dividend cut last year, reduced
earnings estimates for Goldman Sachs Group Inc. and Morgan
Stanley through 2011 because customers are trading less.
Morgan Stanley Surrenders Five San Francisco Office Towers Bought at Peak Morgan Stanley, the securities firm
that spent more than $8 billion on commercial property in 2007,
plans to relinquish five San Francisco office buildings to its
lender two years after purchasing them from Blackstone Group LP
near the top of the market.
Greenspan Says S&P 500 Rally Cuts Stimulus Needs as Household Wealth Rises The biggest stock market advance in
seven decades is reducing the need for additional government
stimulus measures, according to former Federal Reserve Chairman
Alan Greenspan.
source: Bloomberg
