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- Four Seasons Maui on Ropes The Four Seasons Maui has gone delinquent on its $425 million of mortgages just as the Four Seasons New York and others have reached compromises with their lenders.
- Health-Care Stocks Surge Companies ranging from hospital operators and pharmacy-benefit managers to drug and device makers are expected to profit from the health-care bill. Key U.S. indexes firmed.
- Kabel Shares Edge Higher After IPO Germany'sIPO market met a key test on Monday, as shares of the country's largest cable operator Kabel Deutschland began trading just slightly above their offer price.
- Divisions Over Greek Aid Deepen Prospects of Greece getting an EU aid package grew more distant after Germany made the strongest suggestion yet that the IMF should handle a bailout if Greece is threatened with insolvency.
- ICAP Drop Full-Service Stock Trading ICAP plans to drop its struggling full-service stock-trading business in Europe and Asia after it failed to perform as hoped.
- E*Trade Hires Ex-Citi Executive as CEO E*Trade said former Citigroup executive Steven Freiberg will become chief executive of the online brokerage beginning April 1.
- Oil Falls Below $79 Crude futures sank to a nearly three-week low as concerns about India's tighter monetary policy and Greece's debt failed to ease over the weekend.
- Markets Anxious for Dubai Debt Deal Bankers in Dubai are on tenterhooks in anticipation of Dubai World presenting a long-awaited deal this week to restructure $26 billion of debt.
- Gold Hits Three-Week Low Gold futures fell to their lowest level in three weeks in response to continuing dollar strength.
- Treasurys Rise on Greece Woes Treasury prices rose as market participants remained on edge about a rescue package for debt-laden Greece and sought out low-risk government debt.
- Euro Drops Below $1.35 The euro slumped after a top Greek official said the future of the European Union is at stake if European leaders don't come up with a credible package to help Greece.
- Interest-Rate Deals Sting Cities Cities and states are losing money on deals with Wall Street made in a different interest-rate environment, and now some are trying to escape the contracts.
- Greece Fears Pressure European Stocks European stock markets fell, with concerns over Greece weighing on overall sentiment as the debt-ridden nation presses EU leaders for a detailed standby aid plan this week.
- India’s natural gas demand to double by 2015 There was a total potential of 310-320 mmscmd if gas is used to ease peaking power deficits in India, McKinsey said
- Financial inclusion can ensure double digit growth: Subbarao “We need to deepen penetration and expand the coverage of financial services to all sections of society and to all regions of the country,” said D Subbarao, governor, RBI
- ICICI Bank gets Qualified Full Banking privileges in Singapore It also offers a comprehensive deposit and wealth management products and treasury operations in Singapore to complement and support ICICI Bank’s international operations,
- RBI rate move pulls Asian stocks down The region reacted negatively to the RBI’s decision to increase short-term rates from record lows to battle near double-digit inflation amid fast-strengthening industrial output
- Markets close down 1% on RBI rate hike The 30-share BSE index ended down 167.66 points at 17,393.11, with 22 components losing ground
- 10,000 more PG medical seats to be available in two years: Azad Under the scheme, for which a financial allocation of Rs1,350 crore had been made, the colleges would be provided financial assistance so as to increase the PG seats and start new PG courses
- Bharti shares rise on Zain Africa deal hopes Bharti shares closed up 1.43% at Rs316.30 in a weak market on Monday after rising as much as 2.4%, reversing losses made since confirming talks with Zain on 15 February
- Markets fall as investors expect more rate hikes A RBI deputy governor had earlier ruled out any inter-meeting rate action except under unforeseen circumstances
- Dividends Take to Comeback Trail In the tumult of the last two years, dividends have been all but forgotten. Now they are starting to make a comeback. Companies are again increasing their payouts as corporate balance sheets become flush with cash.
- Banks see stable loan rates, profits in near term Analysts say some private sector and public sector banks have withdrawn special loan rates and more such measures would follow
- Mubadala Swings to Full-Year Profit The Abu Dhabi government investment firm said it swung to a profit in 2009, as revenue nearly doubled and the value of its investments rebounded.
- Asian Markets Slide Asian markets mostly declined Monday after India's surprise rate increase Friday raised fears of monetary tightening by other regional central banks. Hong Kong fell 2.1%.
- Pratham to spend $250,000 on internal leadership program India’s largest educational non-profit has been awarded the $250,000 Kravis Prize for extraordinary leadership
- Energy security worry to drive India’s low CO2 emission plan India needs to find in the next 20, at the most 30 years, an alternative to coal-based power plants, Kirit Parikh said
- RBI may hike rates again in April: Kotak The central bank is likely to raise the repo rate by another 100-125 bps and the cash reserve ratio by around 75-100 bps by the end of March 2011, Kotak Mahindra Bank said
- Markets down 0.2%; hit by RBI rate hike At 9:01am, the 30-share BSE index was down 0.98% at 17,405.55 points, with 26 components declining
- Inflation to come down in 2 months: Montek RBI has to look at price trends, the underlying momentum in prices and not the annual rate of inflation, said Montek Singh Ahluwalia, deputy chairman, Planning Commission
- Overseas assets to be focus, says Chawla India’s manufacturing sector needs to “join the comity of nations whose manufacturing sector can take on the world”
- Singh pushes talks with Pakistan Prime Minister is set on resuming talks with the country’s neighbour as staying aloof would be counterproductive
- Greenberg to Sell Some AIG Shares The former head of AIG agreed to sell up to 10 million shares in the struggling insurer to a UBS unit for $278 million in a deal designed to help him limit his exposure to volatility in AIG's share.
- Canada Inc. Girds for Dollar Parity Many Canadian businesses were pinched hard the last time the loonie was on par with the greenback. Now, as they near the 1-for-1 level again, the pinched are prepared.
- Would inflation mar India’s growth story? In India’s case, the drought of 2009 queered the pitch further, even as it has had to face up to the firming of international commodity prices, particularly crude oil
- Gillette India to beat market’s growth rate In a bid to increase share and growth, Gillette introduced the Mach3 in November, priced at Rs125 or 60% lower than the Mach3 Turbo
- Higher cement prices boost the industry Cement prices are now higher by Rs30-80 per bag, compared with three months ago
- 3G licence bids: a reality check for telecom stocks in the offing While it was always evident that 3G will be a long-gestation project for telecom service providers, a higher-than-expected bidding amount will mean that earnings and returns will get diluted for a longer-than-expected period
- The impact of policy rate hike It’s only when banks start to borrow from the central bank that the higher repo rate will bite
- Investors may take rate hike in their stride Market investors had already been braced for an increase of up to 150 basis points
- Taking Stock for 19 March 2010 Shardul Kulkarni of Angel Broking considers any downward movement in ICICI Bank and Reliance Industries an opportunity to buy into those stocks
- Inflation trend to guide RBI’s annual policy Inflation declined from 17.81% in the last week of February, but still stood at 16.3% in the first week of March
- All eyes on Berlin as Greece deadline looms The leaders of the 27 EU nations gather this week for a summit officially called to decide on a long-term strategy for competing with rival, emerging economies
- Only half the targets met for rural housing The Union govt gives 75% of scheme’s funds, yet less than 70% of the total available with the states have been used
- Ask Mint | On Investments You may send in your stocks and mutual funds related queries to askmint@livemint.com
- India to offer help on weather forecasting to Saarc countries A key objective of the conference in Pune is to help develop a Saarc monsoon model and the World Meteorological Organization has tasked India with taking the lead in the region
- Just seven states pay Rs100 under NREGA The UPA had fixed the daily wage of workers under the Mahatma Gandhi NREGA--which promises at least 100 days of work annually to one member of every rural household--at Rs100 in January 2009
- Will ISB-Mohali perk up Punjab’s fortunes? The campus is being seen as a formidable entrepreneurial magnet for small and medium enterprises
- Telecom stocks to be range-bound, earnings likely to remain subdued While the proposal to hike spectrum fee had been there for a long time now, it was earlier understood to be linked to 3G auctions
- Local funds sell shares to rescue PSU floats Domestic institutional investors have turned net sellers in equities in March for the first time since 2004
- News Notes If you have already bought a policy from Aetna, you can report to the insurance regulator at www.irdaindia.org
- India’s oil refining capacity to touch 256 mtpa by FY’12 The total refining capacity in the country at the end of 10th Plan was at 148.97 million tonnes and was projected to growth to 240.96 million tonnes by 2011-12
- Indian ADRs gain mere $350 mn last week Infosys Technologies, which led the gang of gainers among the Indian stocks, saw its market capitalization rising by $901 million to $34.64 billion
- India’s GDP to grow 8.3% in FY11: D&B The aggressive measures taken by the government to tackle the economic crisis has put the country on a strong recovery path, consultancy firm Dun & Bradstreet said
- Domestic supplies to SEZs to get duty rebates The duty rebate under Rule 18 of the Central Excise Rules, 2002, is admissible for supplies made from domestic market to SEZ, the CBEC said
- RBI will ensure level playing field in banking sector: Govt Gopalan said fresh licences would not envisage the parties to set up localised banks, instead they have to operate with a pan-India focus across the country
- New projects: the best approach The market usually reacts negatively to announcements of new projects, but the reaction is positive if projects are announced within firms that have high levels of promoter shareholding
- Rapid Fire | Sentiment continues to remain cautious for PIPE deals Given that markets continue to be depressed below the highs seen in 2007, it is unlikely that PIPE investments in general would have recovered their cost
- Shares post 6th straight weekly gain The Sensex closed 0.34% higher at 17,578.23;.17 of its components gained
- Asian shares up after US economic reports Helping confidence were US data showing inflation remains in check and manufacturing is growing
- Shares rise 0.2%, set for 6th weekly gain By 10:24am, the 30-share BSE Index was trading up 0.17%, or 30.22 points, at 17,549.74; the 50-share NSE index was up 0.1% at 5,252,45
- Battle hots up for CDSL takeover Largest stakeholder Bombay Stock Exchange wants to scuttle the depository’s plans to buy a Rs65 crore office
- Strides in for huge cash outflows for oncology JVs With the buyout, Strides is leaning towards product development and production skills in the speciality space while Aspen is focusing on commercialization of products
- European shares turn positive; Adidas gains By 4:05pm, the pan-European FTSEurofirst 300 index of top shares was up 0.1% at 1,071.56 points, having touched a high at 1,071.94 points earlier
- Asia stocks near 2-month high, outlook positive Investors will be looking to US consumer inflation and jobless claims data later on Thursday for further clues on the health of the world’s largest economy
- Overweight positions in emerging markets decline The survey for March puts cash balances at 3.8%, lower than February’s 4% but well above January’s 3.4%
- Asia shares at 2-month high, yen sags on BOJ The MSCI index of Asian shares excluding Japan jumped 1.9% to its highest in two months, tracking US shares which hit a 17-month high
- Intel, global chip shares jump on talk of strong Q1 Intel’s share rally was accompanied by unusually high volume in the options market
- Asian shares firm, dollar holds ground before Fed The MSCI index of Asian shares excluding Japan rose 0.3% after retreating almost 1% on Monday and backing off a seven-week high last week
- Opec has little room to change production quotas Opec has left its members’ production quotas unchanged since December 2008, when it announced the last of a series of cuts aimed at bringing their output down by 4.2 mbpd
- European shares fall; China concerns hurt miners By 2:55pm, pan-European FTSEurofirst 300 index of top shares was down 0.5% at 1,054.10 points, retreating from a seven-week peak reached in the previous session
- Asian stocks fall after mixed US economic reports Investors found few reasons to buy after US economic data released Friday painted an uneven picture of recovery in the world’s largest economy
- Changing balance: South will have to produce for the South What are the Implications for Global Value Chains when the Market shifts from the North to the South? By Raphael Kaplinsky and Masuma Farooki; World Bank paper
- FTSE flat; weak oils, miners balance firm banks Oils, miners slip back on China tightening uncertainties; banks higher on hopes US reforms may be tempered; US retail sales data awaited
- Asia stocks head for 5th week of gains Japanese stocks again led the advance, with the Nikkei average rising as much as 1.1% to a seven-week high as investors welcomed the weaker yen
- World stocks down after Chinese inflation jump The markets are wary at the moment by concerns that the monetary authorities in China may start raising interest rates soon to keep a lid on mounting inflationary pressures
- European shares turn postive, utilities gain By 3:15pm, the pan-European FTSEurofirst 300 index was up 0.2% at 1,060.63 points after being down as low as 1,054.43 earlier
- Asia stocks dip on China tightening fears Chinese shares were 0.27% down as dealers digested the news, while Hong Kong dropped 0.43%
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