Reliance Profit Beats Estimates as Natural Gas Sales Counter Refining Drop Reliance Industries Ltd., India’s
biggest company by market value, reported its first profit
increase in more than a year as higher natural gas sales
outweighed lower earnings from processing oil.
Sensex Index Completes Biggest Weekly Decline in 12 on Credit, GDP Outlook Indian stocks fell, driving the
benchmark index to its biggest weekly loss in almost three
months, as Morgan Stanley said “upside risks” in growth and
inflation may force the central bank to raise interest rates.
Emerging-Market Stocks Slide, Heading for Worst Weekly Fall Since October Emerging-market stocks fell, heading
for their steepest weekly decline since October, as commodity
prices dropped amid concern higher interest rates in China and
proposed U.S. banking reforms will slow economic recovery.
Tata Steel, NMDC Sign Agreement to Acquire Mines and Build Steel Plants Tata Steel Ltd. signed an agreement
with NMDC Ltd., India’s largest iron-ore producer, to acquire
mines and set up steel plants, Tata, the nation’s biggest
steelmaker, said in a statement to the Bombay Stock Exchange
today.
Turnover on Commodity Exchanges May Rise 43% on Higher Prices, Volumes Turnover on commodity exchanges in
India, the world’s biggest gold consumer, may rise 43 percent to
a record this year on higher prices and volumes, the industry
regulator said.
India Rules Out Curbs on Soybean Futures Trading to Cool Domestic Prices India, Asia’s biggest soybean meal
exporter, ruled out curbs on futures trading in the oilseed to
cool prices and stop a decline in livestock feed shipments.
Lodha Developers May Begin $605 Million Sale of Stock in India Next Month Lodha Developers Ltd. may have its
initial public offering of shares as early as Feb. 8, managing
director Abhisheck Lodha said.
Anil Ambani's Reliance Asset Sets up Malaysia Unit to Tap Shariah Market Indian billionaire Anil Ambani’s
Reliance Capital Ltd., owner of the nation’s largest mutual fund
manager by assets, set up a Malaysian unit to serve as a global
hub for Shariah-compliant financial products.
Government Bonds Complete Best Week in Two Months on Interest Rate Outlook India’s 10-year bonds completed
their best week in two months on speculation slowing food
inflation will encourage the central bank to refrain from
raising benchmark interest rates at a Jan. 29 policy meeting.
Sugar May Jump 20% in First Half on India Demand, Top Thai Exporter Says Sugar futures may climb 20 percent
by June, extending the rally to the highest level since November
1980, as global demand exceeds supply, said Thai Sugar Trading
Corp., the country’s top exporter.
JPMorgan, Goldman May Be Forced to Shed Buyout Units Under Obama Proposal JPMorgan Chase & Co. and Goldman
Sachs Group Inc. may have to sell some private-equity businesses
and stop investing in buyouts under a proposal by President
Barack Obama to limit bets made by banks with their own capital.
General Electric Profit Exceeds Analysts' Estimates as Order Backlog Rises General Electric Co.’s fourth-
quarter profit exceeded analysts’ estimates as the order backlog
rose and the company benefited from a tax gain and cost-cutting
efforts including job reductions.
Bank Stocks, Dollar Fall on Obama Plan; Emerging Markets, Greek Bonds Drop Financial stocks fell and the dollar
weakened on concern President Barack Obama’s plan to rein in
banks will dent U.S. earnings. Emerging-market shares dropped
for a third day on speculation China will raise interest rates.
Corporate Spreads Widen, Boosting Yield for Morgan Stanley: Credit Markets The rally in corporate bonds that
drove U.S. borrowing costs to two-year lows is sputtering after
President Barack Obama unveiled plans to rein in trading by
banks and concerns about the economy grew.
Obama's `Unilateral' Bank Plan Shows Lack of Global Coordination on Rules President Barack Obama’s plan to
curb proprietary trading shows banking regulations are being
implemented unilaterally, not on the global scale lenders urged,
according to lawyers.
McDonald's Earnings Beat Analysts' Estimates as Global Sales Increase 2.3% McDonald’s Corp., the world’s
largest restaurant company, reported fourth-quarter earnings
that topped analysts’ estimates as global sales at established
stores increased 2.3 percent.
Terror Attacks Anticipated in 2010 Fail to Alter Investing in Global Poll Most investors say a major terrorist
attack is likely this year, though they’re not changing
investment strategies as a result.
source: Bloomberg
