Rob Subbaraman News
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China’s stocks rose, sending the benchmark index to the highest level in four months, as brokerages rallied on speculation financial industry reforms and economic growth will boost profit.
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Indian bank debt offering almost double the yield premium of global lenders is attracting hedge funds impressed by Prime Minister Manmohan Singh’s reaction to the threat of a junk credit rating.
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China’s rising grain imports are adding to a jump in the cost of food, said Rob Subbaraman , an analyst at Nomura International, in a research note today.
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Duvvuri Subbarao knows a thing or two about inflation. India’s central-bank head defeated price gains exceeding 10 percent twice in the past two years alone.
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Nobel Prize-winning economist Paul Krugman said China is headed for a “trade conflict” with the U.S. and other western countries as tensions rise about how to rebalance the global economy.
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Olam International Ltd. , the Singapore-based commodity trader, rose to the highest level in almost three years after saying it’s in merger talks with Louis Dreyfus Commodities, the world’s largest rice and cotton trader.
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Oil fell in New York and headed for the first weekly decline in four after Saudi Arabia denied a reported pipeline explosion in its Eastern province.
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Investors should buy producers of seed and fertilizer, farm machinery and companies involved in the shipping and storage of soft commodities as food prices go on a multi-year rally, according to Nomura Holdings Inc.
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