Sensex May Fall 15% in 2010 as India's Rates Rise, Ambit's Holland Says Indian stocks may decline in 2010
after their best year since 1991 on prospects for higher
interest rates, reduced stimulus measures and an outflow of
investment from emerging markets, Ambit Capital Pvt. Said.
Bharti Airtel May Buy Stake in Bangladesh's Warid During Hasina India Trip Bharti Airtel Ltd. may sign an
agreement to buy 70 percent of Bangladesh’s Warid Telecom during
Prime Minister Sheikh Hasina’s visit to India next week, Press
Trust of India reported, citing unidentified people.
Sugar Mills Delay Imports, Wait for World Prices to Drop From 29-Year Peak Sugar mills in India, the world’s
biggest consumer, are delaying imports as a surge in global
prices to the highest in almost three decades make overseas
purchases unprofitable, a producer said.
Rupee Completes Biggest Weekly Gain Since October on Inflows Into India India’s rupee completed its biggest
weekly gain in three months on optimism that an economic
recovery will gather pace, attracting funds from abroad.
State Bank's Planning `Substantial' Bond Sale, Finance Chief Ranjan Says State Bank of India is planning a
“substantial” bond sale, Chief Financial Officer S.S. Ranjan
said in an interview in Mumbai today.
India to Buy 30,000 Tons Palm Oil as Smaller Oilseeds Crop Worsens Deficit India, the biggest vegetable oils
consumer after China, called bids to import 30,000 metric tons
of palm oil after a drought damaged oilseed output, straining
global supplies of edible oils.
Tea Exports Climb 24% in November as Rain in Growing Areas Aid Plantations Tea exports from India, the world’s
largest grower, increased 24 percent in November after rains
boosted the crop in the nation’s biggest growing regions.
Reliance Raises Offer to Value Lyondell Stake at $13.5 Billion, WSJ Says Reliance Industries Ltd. increased
its offer to buy a stake in LyondellBasell Industries AF,
valuing the bankrupt chemicals maker at $13.5 billion compared
with $12 billion in a November bid, the Wall Street Journal
reported, citing unidentified people familiar with the matter.
Sensitive Index Falls, Paring Weekly Gains; Infosys, Tata Consultancy Drop India’s benchmark stock index fell
for the second day, paring its weekly gain, led by software
exporters on concern a stronger rupee will hurt overseas income.
Satyam's Raju Falsified Tax Liability, India Agency Says in Added Charges Satyam Computer Services Ltd.’s
former Chairman B. Ramalinga Raju and five others inflated the
company’s tax liability by 5.26 billion rupees ($115 million) as
part of an accounting fraud, Indian investigators charged.
U.S. Lost 85,000 Jobs in December; November Payrolls Revision Shows a Gain The U.S. unexpectedly lost 85,000
jobs in December, supporting Federal Reserve forecasts that a
labor market recovery will take time and making it more likely
interest rates will stay near zero for the next six months.
Stocks in U.S. Decline, Two-Year Treasuries Rally on Unexpected Job Losses U.S. stocks slipped and Treasury two-
year notes gained the most in three weeks after American
employers unexpectedly eliminated jobs last month, spurring
concern the economic recovery will falter.
Soured Non-Agency Mortgage Loans Rise to Record 1.81 Million, Amherst Says A record 1.81 million U.S. home loans
backing the securities that roiled the global financial system
were “nonperforming” last month, adding to threats to the
housing market, according to Amherst Securities Group LP.
Bear Stearns Disappears Two Years After Collapse With JPMorgan Name Change The Bear Stearns Cos. name may live
on through memorabilia sold on EBay. Starting next month, it
won’t be on a business card.
Census Hiring of 1.2 Million May Jump-Start U.S. Employment Rebound in '10 The 2010 census couldn’t have come at
a better time for the U.S. economy.
Boeing May Scrap Plans for Shorter-Range 787 After Last Customer Pulls Out Boeing Co. said it’s reviewing plans
to build a shorter-range version of its 787 Dreamliner jet after
All Nippon Airways Co., the only remaining customer for the
model, changed its order for another variant.
source: Bloomberg
