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Hedge Funds Lose Money Even With Euro, Pound Tumbles (Update1) Wednesday, March 10, 2010 @ 10:11AMMarch 10 (Bloomberg) -- Hedge funds that trade currencies are taking hits from politicians casting them as speculators out to sink the euro and push Greece into insolvency. They are also losing money.
Banks credit growth up by 15.5% Wednesday, March 10, 2010 @ 10:10AMCredit growth of banks rose by 15.5 per cent at Rs 31.78 lakh crore for the fortnight ended February 26, raising expectations that it could breach the Reserve Bank of India's projection of 16 per cent by March-end.
Hedge-Funds Lose Money Even With Euro, Pounds Tumble (Correct) Wednesday, March 10, 2010 @ 9:59AM(Corrects Louis Bacon’s name in 9th paragraph.) March 10 (Bloomberg) -- Hedge funds that trade currencies are taking hits from politicians casting them as speculators out to sink the euro and push Greece into insolvency. They are also losing money.
AIG ‘Money in Door’ Deals Reap $3.2 Billion Bond Gain (Update2) Wednesday, March 10, 2010 @ 9:31AMMarch 10 (Bloomberg) -- American International Group Inc. bondholders reaped at least $3.2 billion after the bailed-out company announced deals to sell its two largest non-U.S. life insurance divisions for $51 billion.
India, Russia to sign agreement on joint nuclear research Wednesday, March 10, 2010 @ 9:18AMMoscow, Mar 10 : India and Russia are likely to sign an agreement on joint nuclear research during Russian Prime Minister ladimir Putin's two-day visit to India starting tomorrow.
Rupee at 2-month high, FII inflows top $2 bn Wednesday, March 10, 2010 @ 9:13AMThe rupee on Wednesday rose to nearly two-month high of 45.38/39 a dollar by registering a smart 24-paise gain against the US currency on dollar selling amid sustained capital inflows.
Jan industrial output seen up 16.65% y/y Wednesday, March 10, 2010 @ 5:50AMIndustrial output to rise 16.65 percent in January from a year earlier, the median forecast in a poll of 20 economists shows.
(AFX UK Focus) 2010-03-10 11:12 PREVIEW-India's Jan industrial output seen up 16.65 pct y/y Wednesday, March 10, 2010 @ 5:43AMWHAT: India's January industrial output WHEN: Friday, March 12, 0630 GMT
Jan industrial output seen up 16.65% y/y Wednesday, March 10, 2010 @ 5:25AMREUTERS FORECAST: Industrial output to rise 16.65 per cent in January from a year earlier, the median forecast in a poll of 20 economists shows. That is marginally lower than an annual rise of 16.8 per cent in December. Forecasts ranged from a rise of 17.6 per cent to 9.5 per cent.
India may join Russia in establishing Angarsk nuclear fuel bank Wednesday, March 10, 2010 @ 5:02AMIndia may join Russia's nuclear center of a low-enriched uranium (LEU) reserves project in Angarsk, the chairman of India's Atomic Energy Research Commission said.
India sells 80 bln rupees of 91-day, 364-day Tbills Wednesday, March 10, 2010 @ 4:45AM(Updates with details)
Indian bond yields off lows on profit booking Wednesday, March 10, 2010 @ 3:27AMMUMBAI, March 10 (Reuters) - Indian federal bond yields came off the day's lows on Wednesday as traders booked profits, positioning for the upcoming industrial and inflation data.
India bank loans up 15.79 pct on yr as on Feb. 26-RBI Wednesday, March 10, 2010 @ 3:02AMMUMBAI, March 10 (Reuters) - Indian bank loans rose about 15.79 percent on year as of Feb. 26, according to the provisional data released by the Reserve Bank of India on Wednesday.
Hedge-Fund Losses Show Euro’s Drop Fails to Benefit All Traders Wednesday, March 10, 2010 @ 1:05AMMarch 10 (Bloomberg) -- Hedge funds that trade currencies are taking hits from politicians casting them as speculators out to sink the euro and push Greece into insolvency. They are also losing money.
AIG 'Money in the Door' Deals Reap $3.2 Billion for Bondholders Wednesday, March 10, 2010 @ 12:19AMAIG bondholders reaped at least $3.2 billion after the bailed-out company announced deals to sell its two largest non-U.S. life insurance divisions
(AFX UK Focus) 2010-03-10 05:53 PRESS DIGEST - New York Times business news - March 10 Wednesday, March 10, 2010 @ 12:12AMMarch 10 (Reuters) - The following were the top stories in the New York Times business pages on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a provision from draft legislation that would have empowered ...
Liquidity may come under strain Tuesday, March 9, 2010 @ 9:55PMTax payment, bank credit, NMDC issue to suck out cash over next three weeks.
Banks still fail to give loans to farmers: Deputy CM Tuesday, March 9, 2010 @ 9:13PMRanchi, Mar 9 : Jharkhand Deputy Chief Minister Raghubar Das today said there were many banks which had failed to provide loans to farmers across the state.
BoR & Tayal group shares fall after Sebi ban Tuesday, March 9, 2010 @ 6:15PMShare prices of Bank of Rajasthan and Tayal group’s other listed companies fell 4-6.7 per cent today after the Securities and Exchange Board of India (Sebi) order debarring 100 entities, including the promoter of the bank, Pravin Kumar Tayal. The entities have been debarred from accessing the securities market and dealing in the securities market for wrongly reporting the bank’s promoter ...
AIG sells Alico unit to MetLife for $15.5 billion Tuesday, March 9, 2010 @ 3:44PMCHARLOTTE, N.C. (AP) - American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
AURA OF A RADICAL Tuesday, March 9, 2010 @ 3:19PMWhen I joined the University of Delhi in 1959 as a young lecturer, the dominant presence at the Delhi School of Economics was that of K.N. Raj. Everyone at the School talked about him, and he was well known and well liked throughout the university.
Market cop turns heat on Tayals Tuesday, March 9, 2010 @ 3:10PMMumbai, March 9: The Tayals – promoters of the Bank of Rajasthan and no strangers to controversy – are in trouble once again.
Yields, rupee fall Tuesday, March 9, 2010 @ 2:16PMThe yield on the 6.35% note due January 2020 fell four basis points to 7.96%. India's 10-year bonds rose for the first time in three days as yields at the highest in 17 months lured buyers.
Dollar Bond Sales Surge in Asia as Borrowers Tap New Investors Tuesday, March 9, 2010 @ 10:58AMThe lowest relative borrowing costs in more than two years and demand from international investors is driving Asian companies to sell record amounts of dollar- denominated bonds.
Govt to borrow more from mkt in H1 of 2010/11 Tuesday, March 9, 2010 @ 10:36AMThe government will raise by September more than half of its record $100 billion planned borrowing for the financial year that begins on April 1.
‘Is It Over Yet?’ Economist to Discuss Financial Crisis in Yale Talk Tuesday, March 9, 2010 @ 10:10AMThe distinguished economist Raghuram G. Rajan will deliver the 2010 Arthur M. Okun Public Policy Lecture on March 25, at Yale’s Sheffield-Sterling-Strathcona Hall (SSS), 1 Prospect Street, Room 114, from 4 to 5:30 p.m.
Govt bond yields rule steady Tuesday, March 9, 2010 @ 9:12AMAgencies Mumbai, Mar 9: Indian federal bond yields were largely steady in early deals today as traders stayed on the sidelines eyeing the Reserve Bank of India's bond auction plan due to be released later this month.
RBI will study global cues Tuesday, March 9, 2010 @ 9:10AMAgencies Mumbai, Mar 9: The Reserve bank of India (RBI) would work with all stakeholders and study global experience in formulating guidelines for new banking licences, especially for private companies, Deputy Governor Usha Thorat said on Friday.
AIG sells Alico to MetLife for $15.5B in ongoing bid to payback government Tuesday, March 9, 2010 @ 8:51AMCHARLOTTE, N.C. (AP) — American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
RBI seen raising rates in April Tuesday, March 9, 2010 @ 8:05AMThe Reserve Bank of India is widely expected to increase short-term interest rates at its policy review in April and a slight majority of analysts surveyed also see it further increasing banks' reserve requirements.
Scotiabank reports strong revenue growth and first quarter earnings of $988 million Tuesday, March 9, 2010 @ 6:15AMFirst quarter financial measures compared to the same period a year ago: - Earnings per share (diluted) of $0.91, compared to $0.80 - Net income of $988 million, versus $842 million - Return on equity of 17.4%, compared to 16.2% - Productivity ratio of 50.5%, versus 58.7% Year-to-date performance versus our 2010 financial and operational objectives was as follows: Targets: 1. Earn a return on ...
Gold May Decline a Second Day in London on Dollar Gain, China Tuesday, March 9, 2010 @ 4:39AMMarch 9 (Bloomberg) -- Gold, little changed in London today, may drop for a second day as the dollar halted its decline and China said bullion probably won’t be the country’s main reserve investment.
Oman: India ties Tuesday, March 9, 2010 @ 1:58AMOman: India ties
Gold ‘Unlikely’ to Be Main China Reserve Investment (Update1) Tuesday, March 9, 2010 @ 12:38AMMarch 9 (Bloomberg) -- Gold is “unlikely” to be China’s primary investment to diversify its reserve holdings because of price risks, Yi Gang , head of the State Administration of Foreign Exchange, said today.
Taiwan May Order China-Style Reserve Ratio Rise to Curb Lending Tuesday, March 9, 2010 @ 12:32AMMarch 9 (Bloomberg) -- Taiwan’s central bank may follow China and order domestic lenders to set aside more deposits as reserves to curb loan growth and cool surging property and stock prices, according to Citigroup Inc. and Standard Chartered Plc.
China's gold reserve ranks fifth in the world Tuesday, March 9, 2010 @ 12:05AMChina's gold reserve amounts to 1,054 tons, ranking fifth in the world, said Yi Gang, central bank vice governor on Tuesday.
Tackle rising risks in financial system urgently, IMF asks govt Monday, March 8, 2010 @ 11:12PMThe visiting International Monetary Fund (IMF) Mission has said that rising risks in Nepali financial sector should be addressed with sense of urgency.
(AFX UK Focus) 2010-03-09 04:31 PREVIEW-South Korea rate rises seen in H2, no move this week Monday, March 8, 2010 @ 10:57PMWHAT: Central bank's interest rate decision WHEN: March 11, decision at around 0100 GMT, news conference at 0220 GMT
Inflation seen moderating: Subbarao Monday, March 8, 2010 @ 10:40PMInflation in India should moderate in the coming months and the central bank will ensure interest rate levels do not have a negative impact on the competitiveness of the economy, RBI Governor Duvvuri Subbarao said.
China's gold reserve ranks fifth in the world Monday, March 8, 2010 @ 10:35PMChina's gold reserve amounts to 1,054 tons, ranking fifth in the world, said Yi Gang, central bank vice governor on Tuesday. China is the largest gold producer in the world, with a more than 300 tons of gold produced annually. China is also a world's second largest gold consumer, with a consumption of over 400 tons of gold a year, second only to India. It is conservatively estimated that there ...
PREVIEW-South Korea rate rises seen in H2, no move this week Monday, March 8, 2010 @ 10:16PMWHAT: Central bank's interest rate decision
ANZ receives foreign bank licence in-principle approval in India Monday, March 8, 2010 @ 8:54PMANZ today announced it that had received in-principle approval for a foreign bank licence from the Reserve Bank of India (RBI) allowing ANZ to establish a foreign bank branch in India. Re-establishing
RPT-PNB to open representative office in Sydney Monday, March 8, 2010 @ 8:40PM(Repeats story issued late on Monday)
Govt looks to cut stake to let SBI hit D-Street Monday, March 8, 2010 @ 5:50PMGovt looks to cut stake to let SBI hit D-StreetGovt looks to cut stake to let SBI hit D-Street
Ashok stars in ICF's win Monday, March 8, 2010 @ 4:06PMCHENNAI: League leader Integral Coach Factory (ICF) secured a 3-0 victory over bottom-placed AGORC, thanks to a brace by striker R.P. Ashok Kumar, in the St. Joseph's-Chennai Football Association senior division league here on Monday.
Bank of Rajasthan promoters banned Monday, March 8, 2010 @ 3:22PMStock market regulator Sebi has banned 100 entities related to the Bank of Rajasthan (BoR), including several members from the Tayal family, the promoters of the bank, from all stock market-related activities.
Shuvalov Says Russia May Ditch the Ruble Monday, March 8, 2010 @ 3:21PMRussia may scrap the ruble and introduce a common currency with Belarus and Kazakhstan as the nations broaden their alliance and seek to reduce their dependence on the dollar, First Deputy Prime Minister Igor Shuvalov said Friday.
Bill to lower govt stake in SBI Monday, March 8, 2010 @ 2:39PMNew Delhi, March 8: The government today introduced a bill in Parliament to reduce its minimum holding in the State Bank of India (SBI) to 51 per cent as it seeks to arm India’s No. 1 bank with greater fund-raising powers.
India’s rate hikes will be measured Monday, March 8, 2010 @ 2:34PMBy Subhadip Sircar/Mumbai India’s central bank looks likely to raise its key policy rate in April to contain inflation and normalize rates, but don’t expect this to herald the start of a quick exit from easy money conditions.
The Hindu Business Line : FDI and the balance of payments Monday, March 8, 2010 @ 2:27PMThe most quoted indicator of the success of economic reform is the noticeable rise in the inflow of foreign direct investment during the last decade and a half.