Sensex Index Falls for First Day in Four on Stimulus-Withdrawal Concerns Indian stocks fell for the first day
in four on concern the government may withdraw stimulus to spur
the economy as its expansion gathers pace.
Bharat Heavy to Boost Exports as Rivals Larsen, Toshiba Expand in India Bharat Heavy Electricals Ltd.,
India’s biggest power equipment maker, plans to double exports
as expansions by rivals such as Larsen & Toubro Ltd. and Toshiba
Corp. threaten a supply glut in its main market.
Reliance's Natural Gas Supplies May Have Reduced India Demand for Spot LNG Natural gas supplies from Reliance
Industries Ltd.’s areas off India’s east coast have reduced the
nation’s dependence on spot supplies of liquefied natural gas
and on liquid fuels, a company official said.
India Offers Iraq Crude Oil Storage at Terminals to Be Built in Two Years India is building terminals to
stockpile crude oil and has offered Iraq the use of some of the
space as part of negotiations to secure supplies from the holder
of the world’s third-largest reserves.
India Rejects Genetically Modified Vegetable, Hampering Monsanto Expansion India’s government rejected the
nation’s first genetically modified food after protests by
farmers, hampering the expansion of seed makers including
Monsanto Co. in the world’s second-most populous nation.
Sugar-Cane Crop Area in India to Rise Marginally Next Year, Official Says Farmers in India, the biggest sugar
consumer, may only increase planting of cane “marginally” as
some growers choose grains, Farm Secretary T. Nanda Kumar said.
India to Complete Building First Oil Storage Tank by Middle of Next Year India will complete building its
first emergency crude oil storage terminal by the middle of next
year as it seeks to insulate the country against price
fluctuations and ensure fuel supplies.
Rupee Rises a 2nd Day on Optimism Investors May Return To Emerging Markets India’s rupee gained the most in a
week on optimism investors will return to emerging markets after
Germany signaled it may support Greece’s efforts to contain
Europe’s biggest budget deficit.
Bernanke Says Federal Reserve May Opt to Raise Discount Rate `Before Long' The Federal Reserve may raise the
discount rate “before long” as part of the “normalization”
of Fed lending, a move that won’t signal any change in the
outlook for monetary policy, Chairman Ben S. Bernanke said.
EU to Push Greece on Budget, Stop Short of Aid Announcement, Official Says European Union leaders meeting in
Brussels tomorrow will probably press Greece to present more
detailed budget cuts and stop short of announcing an aid package
for the debt-stricken nation, a German government official said.
Stocks in U.S. Fluctuate as Gain in Financials Offsets Bernanke's Remarks U.S. stocks fluctuated as Legg Mason
Inc. and Stifel Financial Corp. led a rally in financial shares,
offsetting Federal Reserve Chairman Ben S. Bernanke’s plan to
raise the discount rate for loans to banks “before long.”
U.S. Trade Deficit Unexpectedly Widens as Import Gains Outpace Export Rise The U.S. trade deficit unexpectedly
widened in December as imports rose faster than exports, gains
that signaled a pickup in global economic growth.
Toyota Shares Lure Fortis, Huntington Asset, Ichiyoshi After Recall Slump Toyota Motor Corp.’s biggest vehicle
recall has erased $30 billion from its stock, luring Fortis
Investments, Huntington Asset Advisors and Ichiyoshi Investment
Management Co.
Blackstone's Graham Packaging Cuts IPO 55% as Patriot Risk Delays Offering Blackstone Group LP’s Graham
Packaging Co. delayed its initial public offering and cut the
size by as much as 55 percent, while Patriot Risk Management
Inc. postponed its share sale as the IPO slump deepened.
Global Confidence Declines on Concern Widening Deficits Will Hurt Rebound Confidence in the world economy
dropped in February on concern worsening government finances in
some European nations will derail the global recovery, according
to a Bloomberg survey of users on six continents.
source: Bloomberg
