Ohio Wooing Tata Consultancy, Wipro as U.S. States Look to India for Jobs Ohio Governor Ted Strickland is
quick to admit that he doesn’t “particularly enjoy heights.”
So why would he climb into a cherry picker to be lifted 40 feet
in the air?
Asian Stocks Fall as Japan Air Plunges; Newcrest Leads Drop in Gold Shares Asian stocks fell for the first time
in three days as Japan Airlines Corp. tumbled on reports the
carrier’s biggest lenders oppose a plan to restructure the
company through bankruptcy and gold ended a three-day rally.
Indian Stocks Fall, Snapping Four-Day Advance; Larsen & Toubro, ITC Drop India’s stocks fell, snapping a 4.8
percent four-day climb. ITC Ltd. and Larsen & Toubro Ltd. led
declines after Finance Minister Pranab Mukherjee raised concerns
on the outlook for the nation’s budget deficit.
Mukherjee Says India's 16-Year High Budget Deficit Can't Be Sustained India’s budget deficit, forecast to
balloon to a 16-year high this year, can’t be sustained for a
long time, according to Finance Minister Pranab Mukherjee.
Euro Declines Against Yen, Dollar on Concerns Ratings Downgrades Possible The euro fell to a one-week low
against the dollar on speculation some of the countries sharing
the European currency will have their credit ratings downgraded.
India's National Exchange Won't Change Start of Extended Trading Next Week National Stock Exchange, India’s
biggest bourse, said there’s “no truth” to speculation it will
postpone the start of extended trading hours next year.
Crude Oil Set for Biggest Annual Gain in Decade Amid Iran Political Unrest Crude oil futures pared gains after
the U.S. Energy Department released its report on stockpiles.
NTPC Starts to Generate Power at New 490 Megawatt Unit in North India NTPC Ltd., India’s biggest power
utility, said its new coal-fired unit at Dadri in northern India
started generating electricity on Dec. 25, helping ease power
shortages in the nation’s capital New Delhi.
Russia Unbeatable for Emerging Market Funds as Kudrin Says Stocks Too High Russia is the top investment pick
for the biggest emerging-market stock funds in 2010, even after
the RTS Index’s world-beating 126 percent rally prompted Finance
Minister Alexei Kudrin to say shares are too expensive.
U.S. Companies Expand by Most Since 2006 in Sign Recovery Is Gaining Speed Companies in the U.S. expanded in
December at the fastest pace in almost four years, signaling the
economic recovery is gaining speed heading into 2010.
Dollar Gains as Gold, Stocks Fall on Speculation Fed to Withdraw Stimulus The dollar climbed, sending gold and
U.S. equities lower, as signs of an improving economy added to
speculation the Federal Reserve will withdraw stimulus measures.
Treasuries were little changed before an auction of $32 billion
of seven-year debt.
M&A Rebound May Be Years Away as Morgan Stanley Predicts `Gentle Recovery' Takeover advisers who cheered a
surprise fourth-quarter surge in mergers and acquisitions may
still have years to wait for a return to 2007’s record
dealmaking.
Aiful Credit-Default Swaps to Be Paid Out After Lender Delays Repayments Credit-default swaps insuring about
$1.3 billion of Aiful Corp.’s debt will be paid out after
Japan’s third biggest consumer lender delayed loan repayments,
the International Swaps & Derivatives Association said.
Treasuries Set for Worst Year Since 1978 on Record Sales, Recovery Signs Treasuries headed for the worst year
since at least 1978 as the U.S. stepped up debt sales to help
spur growth in an economy recovering from its deepest recession
in six decades.
Worst U.S. Funds of Decade Never Recovered From Technology-Stock Debacle U.S. stock mutual funds with the
biggest losses in the past 10 years, a list topped by Fidelity
Growth Strategies and Vanguard U.S. Growth, were crushed by the
market sell-off at the start of the decade and never recovered.
Airbus Delivered 10 Superjumbo A380s This Year, Trailing Its Own Forecast Airbus SAS, the world’s largest
maker of commercial aircraft, delivered 10 A380s in 2009, one
short of its target and fewer than last year, as the company
struggles to customize the double-decker plane for airlines.
source: Bloomberg
