India Offers Better Long-Term Returns Than China, Templeton's Dover Says India offers better long-term
returns on stocks than China given the outlook for economic
growth and corporate earnings, according to Franklin Templeton
Investments.
Billionaire Singh's Religare Hires Ex-UBS Banker Flynn to Head Asia Unit Religare Enterprises Ltd., the
Indian financial services company owned by billionaire Malvinder
Singh, said it hired Rob Flynn to head its investment banking
business in Asia.
Sensex Index Gains On India's GDP Outlook, Holds Close to Seven-Week High Indian stocks rose, with the
benchmark index remaining near a seven-week high, amid optimism
economic growth will boost company earnings.
Thermax Rises to Seven-Week High on Venture Accord With Babcock & Wilcox Thermax Ltd., an Indian power
equipment maker, rose to its highest in seven weeks after it
announced a venture with Houston-based Babcock & Wilcox Power
Generation Group Inc.
Emerging-Market Stocks May Drop 15% as Growth Slows, Aberdeen's Kaloo Says Emerging-market stocks will drop as
much as 15 percent this year as earnings miss estimates and
global growth slows, said Devan Kaloo, who oversees $22 billion
at Aberdeen Asset Management Plc.
NMDC Forecasts Record Profit Next Fiscal Year on Higher Iron-Ore Prices NMDC Ltd., Asia’s third-largest
iron-ore producer by value, forecast a record profit for the
next fiscal year as demand from construction and automobile
companies boosts prices of the key steelmaking raw material.
Coal India Lowers Output Target for 2011-12 on Delays in Developing Mines Coal India Ltd., the nation’s
monopoly producer of the fuel, said output will be less than
expected in 2011-2012, increasing the need for imports by the
world’s second-fastest growing major economy.
Atlas Iron Agrees to Buy Aurox for $131 Million to Increase Ore Reserves Atlas Iron Ltd., an Australian iron
ore producer, agreed to buy Aurox Resources Ltd. for A$143
million ($131 million) in shares to increase its ore resources
and port capacity
Greece's Financial Crisis Is Over, Neighbors Have Room to Move, Prodi Says The worst of Greece’s financial
crisis is over and other European nations won’t follow in its
path, said former European Commission President Romano Prodi.
Stocks Climb as Concern Over Greek Fiscal Crisis Eases; Dollar Trims Gains Stocks rose, erasing losses for the
year for a gauge of emerging markets, while Treasuries fell and
the dollar trimmed gains as China said exports soared by the
most in three years and concern over Greece’s deficit eased. The
British pound weakened as U.K. manufacturing contracted.
Global Confidence Dips as Greek Debt Woes Risk Hurting Economic Recovery Confidence in the world economy
dropped for a second month in March amid concern the fallout
from Greece’s budget crisis will undermine the global recovery,
according to a Bloomberg survey of users on six continents.
Nobel Laureate Spence Says U.S. Economic Recovery to Take `Several Years' The U.S. faces an extended recovery
from the recession even after the government infusion of cash
into stimulus programs and the banking system, said Andrew
Michael Spence, a Nobel laureate in economics.
Tullett Prebon Says It's Discussing Possible Sale of Company; Shares Jump Tullett Prebon Plc, the British
inter-dealer broker led by Terry Smith, said it’s in talks about
a possible sale of the company.
ECB's Weber Says Volcker Bank-Trading Rule Has `Significant' Shortcomings European Central Bank council
member Axel Weber said the so-called “Volcker Rule” proposal
to forbid banks from engaging in proprietary trading has
“significant” shortcomings.
source: Bloomberg
