Toyota, VW Aims to Triple India Share to 10%, Challenging Maruti Suzuki Toyota Motor Corp. and Volkswagen AG
both said they plan to win 10 percent of the Indian auto market,
challenging Suzuki Motor Corp. in a country that has withstood a
slump in global vehicle sales.
Sensex Index Climbs to 21-Month High; Sterlite Advances With Copper Price Indian stocks rose, driving the
benchmark index to a 21-month high. Sterlite Industries (India)
Ltd. led gains by commodity producers after prices of raw
materials rose.
Emerging Markets May Lose 20% as Mobius Sees Record IPOs Swamping Appetite Emerging markets are attracting more
money from initial public offerings than industrialized nations
for the first time ever, a warning sign to Mark Mobius that the
record rally in the shares may turn into a 20 percent decline.
Renault Revives India Investment Plan as Car Sales Surged 61% in November Renault SA will resume investments in
an Indian factory it’s building with affiliate Nissan Motor Co.,
less than a year after it suspended its plans, as economic
stimulus and tax breaks lifted car sales in the country.
Wheat Output in India May Rise to Record on Bigger Crop Area, Cold Weather The wheat harvest in India, the
world’s second-biggest grower, may exceed last year’s record as
farmers plant the crop to a bigger area and cold weather in the
main growing regions improves yields, a government official said.
National Aluminium Surges Most in More Than Seven Months on Higher Prices National Aluminium Co., India’s
second-biggest producer of the metal, gained the most in more
than seven months after rival Aluminum Corp. of China Ltd.
increased prices.
Rupee Strengthens a Second Day as Economic Recovery Spurs Capital Inflows India’s rupee appreciated for a
second day on speculation an improving global economy will
prompt investors to favor riskier assets, helping emerging
markets attract funds.
India May Have Overtaken Europe in 2009 as Top Buyer of South African Coal India may have overtaken Europe as
the biggest purchaser of South African coal for the first time
last year, according to Richards Bay Coal Terminal Chief
Executive Officer Raymond Chirwa.
Larsen & Toubro Climb as Credit Suisse Raises Rating on Increasing Demand Larsen & Toubro Ltd., India’s biggest
engineering company, rose as much as 1.1 percent in Mumbai
trading after Credit Suisse AG raised the stock to
“outperform” from “neutral,” saying investors favor
companies that can benefit from “supply-side acceleration.”
The shares gained 0.7 percent to 1,703 rupees as of 9:06 a.m.
local time.
Godrej Properties, Sole Indian 2009 Realty Public Offer, Advances in Debut Godrej Properties Ltd., the sole
major Indian real estate developer to sell shares in an initial
public offering last year, gained as much as 20 percent in its
Mumbai trading debut.
Kraft Boosts Cash Portion of Cadbury Bid as Buffett Opposes `Blank Check' Kraft Foods Inc. raised the cash
component of its 10.6 billion-pound ($17 billion) offer for
Cadbury Plc as investor Warren Buffett objected to a plan to
issue millions of Kraft shares to finance the deal.
Pending Sales of Existing Homes in U.S. Fall 16% as Buyers Wait for Credit The number of contracts to buy
previously owned U.S. homes fell more than forecast in November
as Americans waited for a first-time buyer tax credit to be
extended.
Dollar Slides Against Yen, Treasuries Rise on Tumble in Pending Home Sales The dollar slid the most against the
yen in four weeks and Treasuries rose for a second day following
a bigger-than-estimated drop in pending home resales. Crude oil
held above $81 a barrel, heating oil traded near a 16-month high
and orange juice rallied amid freezing weather in the U.S.
Greece May Borrow Through Banks for Second Month After Ratings Downgrades Greece may borrow privately through
banks for the second time in as many months after investors sent
yields on the country’s bonds to the highest since March as the
growing budget deficit prompted cuts to its credit ratings.
Apple Said to Plan Unveiling of Tablet Computer This Month to Spur Growth Apple Inc., seeking to win a larger
share of the market for handheld computers, is planning to
unveil a tablet PC this month, according to a person familiar
with the matter.
Griffin's Citadel Hires de Pena From RBS as Fund Builds a Credit Business Ken Griffin’s $13 billion Citadel
Investment Group LLC hired Art de Pena from Royal Bank of
Scotland Group Plc as a managing director in loan sales for its
credit business.
Brazil's BNDES to Sell $1 Billion of 10-Year Bonds on International Market Brazil’s state development bank plans
to sell $1 billion of 10-year bonds today, marking the beginning
of what analysts say will be a push to secure financing ahead of
October’s presidential election.
source: Bloomberg
