Reliance Industries Raises $576 Million in Second Sale of Treasury Stock Reliance Industries Ltd., the Indian
company seeking to buy LyondellBasell Industries AF, said it
raised 26.8 billion rupees ($576 million) selling shares.
Sensex Index Climbs to 19-Month High, Led by Automakers on Higher Sales India’s benchmark stock index
advanced to its highest in 19 months, extending last year’s
biggest climb in 18 years, led by automakers after sales in
December jumped.
India's Manufacturing Output Rises Most in Seven Months on Stimulus Steps India’s manufacturing output rose
the most in seven months in December as exports rebounded and
government stimulus stoked domestic demand for consumer goods.
GM Says Compact Car Beat Is `Key Pillar' for Chevrolet's India Strategy General Motors Co., the automaker
majority-owned by the U.S. government, expects its sales in
India to rise 43 percent this year, helped by new models.
JSW Steel's Iron Ore Requirement to Increase on Auto, Construction Demand JSW Steel Ltd., India’s third-biggest
producer, plans to use 9 percent more iron ore in the next
financial year as demand increases from automobile and
construction companies.
ONGC Videsh Plans to Raise $80 Million Selling 2020 Bonds at 8.54% Coupon ONGC Videsh Ltd., the overseas unit
of India’s biggest oil and gas explorer, plans to raise as much
as 3.7 billion rupees ($80 million) selling 10-year bonds at a
coupon of 8.54 percent, according to data compiled by Bloomberg.
JSW Energy Shares Advance on First Trading Day After Raising $968 Million JSW Energy Ltd., a unit of India’s
third-largest steelmaker that raised 45 billion rupees ($968
million) in an initial public offering, rose on its first
trading day in Mumbai.
Philippines Seeks 25% More Rice from Suppliers, Weighing on World Supplies The Philippines asked suppliers to
ship 25 percent more rice than contracted for purchases since
November, an official said, as the nation seeks to avert food
shortages after storms damaged last year’s harvests.
Rupee Rises as Improving Economic Outlook May Lure Funds to Indian Stocks India’s rupee rose the most in almost
two months, extending last year’s gains, on speculation an
improving economy will bolster global demand for the nation’s
stocks.
India's Crude Oil Imports Rose 6.1 Percent in November, Oil Ministry Says India’s crude oil imports in November
rose 6.1 percent to 10.48 million metric tons, the oil ministry
said in a statement today.
Stocks Rally Worldwide on China's Economy as Cold Snap Sends Oil Above $80 Stocks and commodities rallied and
the dollar slumped on the first trading day of 2010 amid signs
that manufacturing is improving around the world. Oil climbed
above $80 a barrel after freezing weather hit the U.S.
Manufacturing in U.S. Grows More Than Forecast, Capping Rebound Last Year Manufacturing expanded in December
at the fastest pace in more than three years, capping a 2009
rebound that helped pull the U.S. out of the worst recession
since the 1930s.
Novartis to Buy Rest of Alcon From Nestle, Shareholders for $39.3 Billion Novartis AG offered to buy the rest
of Alcon Inc., the world’s largest eye-care company, from Nestle
SA and minority shareholders for about $39.3 billion, as Chief
Executive Officer Daniel Vasella expands into eye surgery.
Krugman Sees 30% to 40% Chance of Second U.S. Recession as Stimulus Fades Nobel Prize-winning economist Paul
Krugman said he sees about a one-third chance the U.S. economy
will slide into a recession during the second half of the year
as fiscal and monetary stimulus fade.
China's Manufacturing Index Gains at Fastest Pace in More Than Five Years Chinese manufacturing expanded by the
most in five years in December, supporting estimates that growth
has accelerated to more than 10 percent in the world’s third-
biggest economy.
Credit Suisse Sued for $24 Billion by Investors in Montana, Idaho Resorts Credit Suisse Group AG was sued by
property owners at ski resorts in Montana and Idaho who claim
the bank made loans based on inflated appraisals so it could
take over the resorts when the debts couldn’t be repaid.
Shareholder Returns Crushing Government Bondholders With Record Divergence Never have Treasuries underperformed
stocks as much as in 2009, and the world’s biggest bond dealers
say this year may offer more of the same as the U.S. economy
recovers and unemployment abates.
source: Bloomberg
