Housing Market in India Will Escape Dubai-Like Collapse, Keki Mistry Say India’s property market, where
prices have risen as much as 29 percent in major cities, will
escape the kind of collapse that afflicted Dubai, said Keki
Mistry, incoming head of the nation’s biggest mortgage lender.
Suzlon Energy Repays $780 Million of Loan Taken for Acquiring a Company Suzlon Energy Ltd., India’s biggest
maker of wind-turbine generators, said it has reduced its
borrowings by 15 percent after it paid back $780 million used to
acquire Hansen Transmissions International NV.
India's Sensex Declines; ICICI Bank Leads Lenders Lower on Capital Rules India’s benchmark stock index fell,
completing its steepest weekly slide in four. ICICI Bank Ltd.
led lenders lower on concern they may have to raise more equity.
Societe Generale, Indiabulls Financial Said to End India Insurance Venture Societe Generale SA, France’s
second-largest bank by market value, and Indiabulls Financial
Services Ltd. plan to end their insurance venture in India, two
people familiar with the development said.
Pimco's Bill Gross Increases Cash Holdings to Most Since Lehman's Collapse Bill Gross, who runs the world’s
biggest bond fund, cut government debt holdings and boosted cash
to the most since Lehman Brothers Holdings Inc. collapsed in
2008 amid increasing speculation that interest rates will rise.
BHP Billiton's Nasser Must Avoid M&A `Ego' for Expansion, Investors Say Jacques Nasser, chairman-elect of
BHP Billiton Ltd., will begin his job next year at the world’s
biggest mining company with a potential $40 billion war chest
and a message from investors to be wary of mega acquisitions.
India Says Food Inflation Stoked by Shortages, Plays Down Rate Increase India’s finance ministry said the
acceleration in food inflation to an 11-year high is because of
shortages, playing down an immediate need to raise interest
rates to tackle rising prices.
Honda to Sell Low-Priced Vehicles in India by End of 2010, Yomiuri Reports Honda Motor Co. will start selling
low-priced vehicles in India probably by the end of next year,
the Yomiuri newspaper reported, without saying where it obtained
the information. The vehicle, which is under development, will
be as much as 30 percent cheaper than the Jazz compact car, the
newspaper said.
General Motors Will Shut Sweden's Saab After Sale Talks With Spyker Fail General Motors Co. said it will shut
the money-losing Saab unit after talks collapsed on a sale to
Spyker Cars NV, the second failure in less than a month to keep
the 72-year-old Swedish brand alive.
ECB Increases Its Forecast for Euro-Region Bank Writedowns by $268 Billion Euro-region banks may have to write
down an additional 187 billion euros ($268 billion) as loans to
property companies and eastern European nations threaten the
recovery in financial markets, the European Central Bank said.
Morgan Stanley Chief Mack Tells Employees He Won't Take a Bonus for 2009 Morgan Stanley Chairman and Chief
Executive Officer John Mack won’t accept a bonus for 2009, which
may be the first year in which the firm reports an annual per-
share loss as a public company.
Corporate Borrowing Costs Will Rise as Europe Withdraws Stimulus Measures Corporate borrowing costs may rise
next year in Europe as governments and central banks seek to
rein in stimulus measures used to ease the recession, driving up
yields from near a record, according to Deutsche Bank AG.
Moynihan Rises to Top Spot at Bank of America After Four Jobs in One Year Brian Moynihan ascended to the top
spot at Bank of America Corp. by accepting four job assignments
in a year and surviving a public search process that had him all
but disqualified by some critics after his performance before a
congressional hearing last month.
Facebook IPO Can Wait After Russian Investment, DST Chief Yuri Milner Says Facebook Inc., the most popular
social-networking Web site, can take more time to decide on an
initial public offering after Russia’s Digital Sky Technologies
bought a stake, the head of the investment group said.
source: Bloomberg
