India & Pakistan
Reliance Industries Makes Preliminary Offer for Control of LyondellBasell Reliance Industries Ltd., owner of
the world’s largest oil-refining complex, made a cash offer to
buy a controlling stake in closely held LyondellBasell
Industries AF, the bankrupt chemicals and fuels maker.
ICICI Bank of India Raises $750 Million Selling Bonds in Overseas Markets ICICI Bank Ltd., India’s second-
biggest lender, sold $750 million of bonds in overseas markets
amid a decline in lending.
Shell in Talks to Purchase 10% Stake in Essar Oil, Economic Times Reports Royal Dutch Shell Plc is in talks to
acquire a 10 percent stake in India’s Essar Oil Ltd., the
Economic Times said, citing unidentified people.
Asia's Stocks Post Biggest Decline in Three Weeks Amid Japan Share Sales Asian stocks fell this week,
dragging the MSCI Asia Pacific Index to its biggest weekly
decline in three amid Japanese share sales, while companies
including Sony Corp. fueled profit concerns.
Asian Currencies Drop Amid Capital Controls Risk, Led by Indonesian Rupiah Asian currencies fell this week, led
by Indonesia’s rupiah, on speculation regional policy makers
will restrict capital inflows to prevent appreciation that may
hurt exports.
Rajaratnam's Request to Unseal Accuser Khan's Criminal Case Is Postponed A court hearing to determine whether
a 2001 criminal case against the chief accuser of Galleon Group
founder Raj Rajaratnam will be unsealed was delayed for two
weeks.
Vodafone Seeks More Time to Reply to India $2 Billion Tax Claim, AFP Says Vodafone Group Plc. sought two more
months to reply to a $2 billion tax claim by India over its
acquisition of Hutchison Essar Ltd., Agence France-Presse
reported, citing junior finance minister S.S. Palanimanickam.
Malaysia's AirAsia Plans New Routes to Nine Indian Cities, Star Reports AsiaAsia Bhd., a Malaysian low-cost
carrier, plans to add new routes to nine Indian cities to tap
demand, the Star reported, citing Chief Executive Tony
Fernandes.
Alstom Said to Plan Venture With Nuclear Power Corp. for Supplies in India Alstom SA, the world’s third-largest
power plant builder, plans to set up a venture with Nuclear
Power Corp. of India and Bharat Heavy Electricals Ltd. to supply
equipment in India, three people familiar with the matter said.
India to Amend Cane-Price Order After Opposition Parties, Farmers Protest India agreed to modify the new sugar
cane-price order after opposition parties stalled the parliament
for a second day demanding higher rates for cane farmers.
Italian Police Arrest Two Pakistanis in Brescia Linked to Mumbai Attacks Italian police today arrested two
Pakistani nationals who were charged with aiding terrorists in
connection with the Mumbai attacks in November 2008.
Pakistan Bomb Blast in Northwest Injures Two People, Edhi Foundation Says Two people were injured in an
explosion in northwestern Pakistan, Mujahid Khan, a spokesman
for Edhi Foundation, said by telephone from Peshawar.
Sri Lanka Allows War-Displaced Civilians to Move Out of Camps, AFP Reports Sri Lanka will allow war-displaced
civilians move freely in and out of internment camps ahead of
completing their planned re-settlement in two months, Agence
France-Presse reported, citing senior presidential adviser Basil
Rajapakse.
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