India & Pakistan
Indian Stocks Rise, Poised for Longest Weekly-Gain Streak in Nine Months Indian stocks climbed, putting the
benchmark index on course for its longest stretch of weekly
gains since June, before a government report that may show
factory output rose at the fastest pace in 16 years.
Religare Enterprises Hires Kandiah From UBS, Plans to Recruit 80 Bankers Religare Enterprises Ltd., Indian
billionaire Malvinder Singh’s financial-services company, hired
Sutha Kandiah as head of global equity capital markets, the
second former UBS AG banker to join the firm this week.
Rupee Set for Fifth Weekly Gain on India Economic Recovery Outlook, Inflow India’s rupee was set for a fifth
weekly gain, the longest winning stretch since October, as
overseas funds added to holdings of local stocks to take
advantage of the nation’s economic recovery.
Ranbaxy Labs Aims to Achieve Global Group Turnover of $3 Billion in 2012 Ranbaxy Laboratories Ltd. aims to
achieve global consolidated turnover of $3 billion for the year
ending December 2012, the company said in a statement to the
Bombay Stock Exchange.
Inflation Eroding China's Bank Deposits Signals Zhou Must Increase Rates China’s accelerating inflation has
started to erode household savings, threatening to spur
purchases of property and stocks and fuel asset-price pressures.
`Barbell' Approach Best for Asian High-Grade Debt to Reduce Risk, RBS Says Investors should employ a
“barbell” strategy for investment-grade corporate debt, buying
top-rated bonds and notes rated A or below to minimize risk,
according to Royal Bank of Scotland Group Plc.
AIG Said to Query Bonus Holdouts in Push for $45 Million of Concessions American International Group Inc.’s
effort to reach its commitment of $45 million in bonus
concessions are focusing on former employees who have refused to
accept reduced payouts, said people with knowledge of the talks.
Hyundai Motor's 39-Year-Old Billionaire Chung Named to Carmaker's Board Hyundai Motor Co. appointed Vice
Chairman Chung Eui Sun to the company’s board, bringing the 39-
year-old billionaire a step closer to succeeding his father,
Chung Mong Koo, as head of South Korea’s biggest carmaker.
Hong Kong Property Prices Set for `Another Good Year,' Sun Hung Kai Says Hong Kong’s home market may see
“another good year” in 2010 as buyers remain financially sound,
according to Sun Hung Kai Properties Ltd., the world’s biggest
developer by market value.
India's Stalled Arms-Buying System Leaves Its Military Outgunned by China India, which has tripled its
defense spending in a race against China’s military buildup, is
having trouble converting the funding into weapons and equipment
its military says are urgently needed.
Allawi's Bloc Raises Suspicion of Iraq Vote Tampering Amid First Results Former Iraqi Prime Minister Ayad
Allawi complained about possible vote-tampering as the first
results from Iraq’s election showed blocs led by Allawi and
Prime Minister Nouri al-Maliki leading in their areas of core
support.
Thai Protesters Aim for Million-Person March to Challenge Abhisit's Rule Thai protesters are set to gather
on Bangkok’s streets today in their biggest challenge to Prime
Minister Abhisit Vejjajiva’s 15-month-old government, risking
clashes that may hamper the economic recovery.
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