Stimulus Exit Won't `Kill' India's Stocks Rally, Prudential's Praveen Says India’s stocks will withstand the
withdrawal of stimulus measures and extend last year’s rally,
the biggest in 18 years, as domestic spending strengthens, said
Prudential Financial Inc.
First Indian Microfinance Company's Initial Offering to Raise $250 Million SKS Microfinance Ltd., the Indian
lender backed by Sequoia Capital, plans to raise about $250
million in the first initial public offering by a financier for
the nation’s poorest people.
Emerging Bond Funds Received Second-Highest Inflows on Record, EPFR Says Emerging-market bond funds received
$1.05 billion in the week through March 24, the second-biggest
inflows on record, as near-zero U.S. interest rates fanned
demand for higher-yielding assets, according to EPFR Global.
Tata Motors, Hindustan Unilever Rise as Indian Stocks Climb for Third Day India’s stocks rose, driving the
benchmark index to its highest level in more than two months, as
investors bet economic growth will be sustained even as the
central bank withdraws stimulus measures.
Bain Capital-Backed Himadri Chemicals to Spend $55 Million on Tar Plant Himadri Chemicals and Industries
Ltd., an Indian company partly owned by private equity firm Bain
Capital LLC, plans to invest 2.5 billion rupees ($55 million) to
add capacity at its coal tar distillation plant.
Japan Lures Foreigners to Purchase Bonds With Buybacks: Chart of the Day Japanese bond-buying by foreigners
rose to the highest since August 2008 last month amid
expectations the Bank of Japan will repurchase more debt to
stoke the economy, according to Credit Agricole CIB.
Axis Bank Raises $350 Million Selling 5.25% Bonds Maturing in 5.5 Years Axis Bank Ltd. sold $350 million of
5.5-year bonds priced to yield 275 basis points more than
similar maturity U.S. Treasuries, according to a person familiar
with the transaction.
Fortescue Returns Crushing Rio Tinto in Outback Where China Finds Its Ore Zeljko Zaic, a leathery-skinned
surveyor at a Chinese-backed mining company, stands atop a sun-
scorched ridge in the Australian Outback and kicks a lump of red
iron ore lying on the trail.
ICBC's Record $161 Billion Jump in Loans Drives Jiang to Increase Capital Industrial & Commercial Bank of
China Ltd. Chairman Jiang Jianqing moved to bolster capital
after expanding lending by $161 billion last year, almost
equivalent to the gross domestic product of the Philippines.
Ruchi Soya Industries Advances in Mumbai On Plan to Build Bio-Fuels Plant Ruchi Soya Industries Ltd. rose as
much as 3.7 percent in Mumbai and traded at 99.75 rupees as of
9:07 a.m. local time. The country’s biggest edible oil importer
and processor entered into an agreement with Indian Oil Corp. to
set up a plant to produce bio-fuels at a cost of 4.37 billion
rupees, the company said in a statement to the Bombay Stock
Exchange.
Greenspan Calls Treasury Yield Increases `Canary in Mine' for Higher Rates Former Federal Reserve Chairman
Alan Greenspan said the recent rise in Treasury yields
represents a “canary in the mine” that may signal further
gains in interest rates.
Confidence Among U.S. Consumers Is Unchanged This Month in Michigan Index Confidence among U.S. consumers was
higher than anticipated in March as companies slowed the pace of
job cuts and stocks advanced.
Former Cazenove, UBS Workers Said to Face Charges in London Trading Probe As many as 11 people may be charged
next week over an insider-trading ring that began at the London
printers for UBS AG and JPMorgan Chase & Co.’s Cazenove unit,
four people with direct knowledge of the case said.
Pimco's Kiesel Buys Bonds Wishing `Next Life' as JPMorgan: Credit Markets Pacific Investment Management Co.,
manager of the world’s biggest bond fund, says bank securities
are the best investments in credit markets.
IMF Put on Standby to Help Greece as European Leaders Seek to Bolster Euro European chiefs put the
International Monetary Fund on standby to aid debt-stricken
Greece, seeking to snuff out a threat to the stability of the
euro.
BofA Bailout Warrants Gain 33% in Three Weeks, Topping JPMorgan's Returns Bank of America Corp. bailout
warrants surged 33 percent in the first three weeks of trading,
topping gains over a similar span following sales of securities
tied to JPMorgan Chase & Co. and Capital One Financial Corp.
source: Bloomberg
