Stocks in India Decline as Railway Orders Fan Concern About Federal Budget Indian stocks fell for the first
time in three days after the government held off any increase in
orders for new railway wagons, fueling concern more economic
stimulus measures will be curbed in the Feb. 26 budget.
India, Biggest Potash Importer, May Offer Sellers Lowest Price in 4 Years India, the world’s biggest potash
importer, may offer the lowest price in four years in annual
talks with suppliers after Chinese buyers secured reduced terms,
said three industry officials with direct knowledge of the plan.
State-Run Indian Railway to Cut Food-Grain Freight Rates to Damp Inflation Indian Railways cut freight rates
for food grains to help tackle inflation and sought investments
from companies to augment Asia’s oldest network.
Billionaire Balwa's DB Realty Dips 12% on Debut, Mirrors Indian Developers DB Realty Ltd., India’s first
developer to sell shares this year, declined in its trading
debut in Mumbai, mirroring losses in real estate stocks.
American Tower Agrees to Buy Essar Telecom to Expand in Emerging Markets American Tower Corp.’s Indian
subsidiary agreed to acquire the Essar Group’s tower unit for
about $430 million to increase its presence in emerging markets.
India Will Invite Applications for Third-Generation Licenses From Feb. 25 India will begin inviting
applications for licenses to operate third-generation mobile
telephone networks from Feb. 25 and will start the auctions on
April 9, according to an e-mailed statement from the telecom
ministry today.
Bonds Snap Two-Day Gain on Speculation Government Borrowing May Increase India’s 10-year bonds fell, snapping
a two-day gain, on speculation government borrowings will rise
in the new financial year starting April 1.
Singapore Withdraws Red Carpet for Overseas Workers on Political Concern After luring investor Jim Rogers,
actor Jet Li, Filipino maids and Bangladeshi construction
workers with one of Asia’s most open immigration policies,
Singapore is becoming a little less welcoming to foreigners.
U.S. Stocks Jump After Bernanke Testifies Low Rates Needed to Spur Demand U.S. stocks rose, halting a two-day
drop in the Standard & Poor’s 500 Index, after Federal Reserve
Chairman Ben S. Bernanke said the economy still requires low
interest rates to spur demand.
Bernanke Backs Audit of Fed Loan Programs, Naming of Borrowers After Delay The Federal Reserve will back
legislation to let congressional auditors probe its emergency-
lending programs and identify, “after an appropriate delay,”
firms that borrowed, Chairman Ben S. Bernanke said.
Sales of New Homes in U.S. Unexpectedly Declined in January to Record Low Sales of new homes in the U.S.
unexpectedly fell in January to the lowest level on record, a
sign that an extension of a government tax credit may not be
enough to rekindle demand.
Goldman Sachs Is Unpopular Because Its Success `Brings Envy,' Corzine Says Goldman Sachs Group Inc., the most
profitable securities firm in Wall Street history, is unpopular
because some people envy its performance, said Jon Corzine, the
company’s former chairman and chief executive officer.
Toyota's Recalls Are Result of Putting Profit Ahead of Safety, Towns Says Toyota Motor Corp. faces record
recalls of defective vehicles because it placed profit first,
according to the head of a committee that will question the
company’s president today.
Credit-Default Swaps Show Europe Contagion Won't Hit U.S.: Credit Markets The risk that a government funding
crisis in Europe will spread across the Atlantic Ocean is
declining, bolstering corporate bond markets in the U.S.,
credit-default swaps show.
Pimco Buys High-Yield Corporate Bonds in Credit Rating `Barbell' Strategy Pacific Investment Management Co.,
manager of the biggest bond fund, is buying debt at opposite
ends of the high-yield ratings scale as it seeks investments
that can provide returns in a slower-growth environment.
source: Bloomberg
