India May Create Fund to Buy Overseas Energy Assets Amid China Competition India may create a sovereign fund
to help state companies compete for overseas energy assets with
rivals from China, a government official said.
DBS Says 50-Basis Point Increase in India Interest Rate Possible in April The odds have risen for a 50-
basis point increase in India’s benchmark interest rates after
inflation accelerated to a 16-month high in February, according
to DBS Group Holdings Ltd., Southeast Asia’s largest lender.
Sensex Index Climbs to Eight-Week High on Growth Outlook; Reliance Leads Indian stocks rose, driving the
benchmark index to an eight-week high, as investors bet earnings
growth will be sustained even as inflation accelerates.
JSW Wins Additional Carbon Credits for Emission Cuts at Karnataka Plant JSW Steel Ltd., India’s third-
largest producer of the alloy, won additional carbon credits for
reducing greenhouse gas emissions at a project in the southern
state of Karnataka.
Radico Khaitan Plans to Raise $40 Million Selling Shares, Document Shows Radico Khaitan Ltd. plans to raise
$40 million selling shares to institutional investors, a
document obtained by Bloomberg News showed.
Reliance Industries Said to Be Interested in Buying U.S. Shale Gas Assets Reliance Industries Ltd., India’s
biggest company by market value, is interested in buying stakes
in shale-gas assets in the U.S., a person familiar with the
energy explorer’s plans said.
Inflation in India Likely to Accelerate to `Double-Digit,' Mukherjee Says India’s inflation rate will likely
accelerate to “double-digit” in March, Finance Minister Pranab
Mukherjee said in parliament today.
Emerging Markets Not Cheap, Rally to Take a `Breather,' van Agtmael Says Antoine van Agtmael, who coined the
term “emerging markets,” said equities in developing nations
are fairly valued and need a “breather” after last year’s
record rally.
Stocks, Commodities Gain as S&P Affirms Greece's Rating Following EU Plan Stocks and commodities rose after
Standard & Poor’s affirmed Greece’s credit rating and amid
speculation the Federal Reserve will signal plans to keep
interest rates at a record low for much of the year. The dollar
weakened and 10-year Treasury yields fell to a one-week low.
Greece Gets EU Lifeline Pledge as Ministers Struggle to Avert Euro Crisis Europe’s blueprint for a financial
lifeline to Greece amounts to an unprecedented bet by finance
ministers that they can avert a euro crisis by sidestepping the
no-bailout rules intended to sustain the 11-year-old currency.
Housing Starts in U.S. Fall as Fewer Permits Signal Rebound to Take Longer Housing starts fell in February as
record snowfall in parts of the U.S. hampered construction,
while fewer building permits signaled the recovery in real
estate will take longer to unfold.
Citigroup Bolsters Proprietary Trading Arm as Volcker Rule Spurs Defectors Citigroup Inc., the bank 27 percent
owned by the U.S., is bolstering a unit that trades stocks with
the lender’s own money after a proposed government ban of
proprietary trading helped spur eight of its 22 employees to
defect, people with direct knowledge of the matter said.
GE May Resume Dividend Increases Next Year Amid Finance Unit's `Snapback' General Electric Co., which last
year cut its shareholder dividend for the first time since the
Great Depression, may resume increases in 2011 and repurchase
stock for the first time since 2008 amid a “snapback” at the
finance unit, Chief Financial Officer Keith Sherin said.
Ambani's Reliance Industries Said to Consider U.S. Shale-Gas Investments Reliance Industries Ltd., India’s
biggest company by market value, is interested in buying stakes
in shale-gas assets in the U.S., a person familiar with the
energy explorer’s plans said.
Moody's Muni Ratings Will Shift to Global Scale Comparable to Company Debt Municipal debt rankings by Moody’s
Investors Service will shift to a global rating system next
month that will put the 70,000 state and local bonds it assesses
on a scale that is comparable with corporate securities.
source: Bloomberg
