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World News

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

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

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.

Credit Suisse posts first loss in three years on revamp

Thursday, 09 February 2012 at 12:42, Bloomberg

Credit Suisse Group AG, the second- biggest Swiss bank, said it had a loss in the fourth quarter for the first time since 2008, hurt by “adverse markets” and costs to reorganise the investment ban

Indonesia central bank unexpectedly cuts rate to 5.75pct

Thursday, 09 February 2012 at 12:22, Reuters, Jakarta

Indonesia's central bank unexpectedly cut its policy rate by 25 basis points to 5.75 per cent on Thursday ,after keeping it steady the past two months, in a bid to ensure that Southeast Asia's largest

ING to sell Asia investment management in separate deal

Thursday, 09 February 2012 at 11:33, Reuters, Hong Kong

ING has decided to split the sale of its Asian insurance business by auctioning its investment management business separately, a source familiar with the matter told Reuters on Thursday.

Reliance Industries said to market 10-year dollar bonds

Thursday, 09 February 2012 at 10:59, Bloomberg

Reliance Industries Ltd, owner of the world’s largest refining complex, is marketing a 10-year bond denominated in US dollars, according to a person familiar with the matter.


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