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Business Headlines

Foreign investors buy net $91.8m of Indian stocks

Thursday, 09 February 2012 at 16:02, Bloomberg

Overseas investors bought a net 4.51 billion rupees ($91.8 million) of Indian equities yesterday, raising their investment in the equities this year to 184.5bn rupees, according to the nation’s mark

Qatar government spending to rise sharply next fiscal year: adviser

Thursday, 09 February 2012 at 15:46, Reuters, Doha

Qatar's government budget spending will be much higher in the upcoming 2012/13 fiscal year than in the current one, while inflation is likely to move around 3-3.5 per cent, an economic adviser to the

Ipic looks to refinance $850m loan: bankers

Thursday, 09 February 2012 at 15:28, Reuters, London

Abu Dhabi's International Petroleum Investment Co (Ipic) has approached banks to refinance its $850 million syndicated loan from 2009, and the new deal is expected to establish a much-needed pricing b

Egypt plans to sell $1.1bn of bills before IMF loan talks

Thursday, 09 February 2012 at 14:54, Bloomberg

Egypt plans to raise 6.5 billion Egyptian pounds ($1.1bn) selling treasury bills today before a meeting with the International Monetary Fund to discuss loans.

India imported 114 million tonnes of coal in 2011

Thursday, 09 February 2012 at 14:51, Bloomberg

India, which uses coal to fire more than half of its power plants, imported 114.35 million metric tonnes of the fuel in 2011, according to shipping data.

Hindalco net beats expectations on higher copper refining fees

Thursday, 09 February 2012 at 14:48, Bloomberg

Hindalco Industries Ltd, India’s second-largest aluminum maker, reported a better-than-expected profit for the third time in four quarters as an increase in copper treatment and refining fees offset

Indonesia bonds gain as central bank cuts rates

Thursday, 09 February 2012 at 14:43, Bloomberg

Indonesia’s bonds advanced for an 11th day and the rupiah dropped, reversing earlier gains, as Bank Indonesia unexpectedly cut its benchmark interest rate for the first time in three months today.

South Korea urges Europe 'self-rescue' efforts before IMF resource hike

Thursday, 09 February 2012 at 14:39, Reuters, Seoul

South Korea said on Thursday that Europe should take decisive steps to resolve its debt problems before the Group of 20 leading economies approve a move to boost resources of the IMF to help countries

Singapore firms stop Indonesia palm oil exports to Iran

Thursday, 09 February 2012 at 13:20, Reuters, Kuala Lumpur

Singaporean firms have stopped supplying Iran with Indonesian palm oil on concerns over the country's ability to make payments in the wake of Western sanctions, trading sources in Singapore said on Th

Malaysian industrial output growth quickens as exports gain

Thursday, 09 February 2012 at 13:20, Bloomberg

Malaysia’s industrial production growth accelerated in December as manufacturing and electricity output increased as exports climbed.


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