Bank of America
Corp. (BAC) opened a unit in India to review home-valuation reports as it seeks
to rebuild share in U.S. mortgages at a lower cost, said four people with
knowledge of the move.
India’s rupee rose
the most since September, extending its rebound from a record low, as investors
reassessed expectations for a reduction in U.S. stimulus. Stocks and bonds
surged the most in at least a year.
USD/INR Extends
Losses As Exporters Sell The USD/INR extends early losses as exporters
consistently sell the greenback, says a trader with a state-run bank. The pair
is recently at 59.28 vs 60.19
The USD/INR falls
after the India's cabinet late Thursday agreed to double the price of natural
gas for industrial and retail consumers.
JAPAN'S MAY CORE CONSUMER PRICES UNCHANGED ON YEAR
Billionaire Warren
Buffett’s Berkshire Hathaway Inc. (BRK/A) agreed to take on Hartford Financial
Services Group Inc. (HIG)’s U.K. variable-annuity business, adding $1.75
billion in assets under management.
Asia’s 1997
financial crisis won’t repeat itself, even as a slowing Chinese economy
unnerves the region’s financial markets.
Shanghai set for
weakest month in four years.
Japan supported by
strong industrial output figures.
Sharp jumps higher
on LCD joint-venture news
Shares in energy
companies in India surged in pre-open trading on Friday after the government's
approval of a hefty increase in gas prices is seen boosting earnings for
producers such as ONGC and Reliance Industries.
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