Friday, September 5, 2008

U.S. Aug. nonfarm payrolls down 84,000 vs drop 75,000 expect

U.S. Aug. unemployment rate 6.1% vs 5.7% in July

August Hourly Earnings y/y +3.6% vs +3.4% consensus, prior +3.4%

August Average Weekly Hours 33.7 vs 33.6 consensus, prior 33.7

August Nonfarm Payrolls -84K vs -75K consensus, prior revised to -60K from -51K


German carmaker BMW Sales of Mini vehicles climbed 11%. Sales of Rolls-Royce cars rose 23% and sales of motorcycles fell 9%

Samsung Electronics Co., the world's largest producer of flash-memory chips, said Friday it is considering buying U.S. chipmaker SanDisk Corp., but added that a decision has not yet been made.

Dell Inc is planning to sell factories around the world in a move to cut costs and overhaul its production model, most of which are based in Asia


Oil and Natural Gas Corp (ONGC) is in discussions to acquire Canada`s Tanganyika Oil Co for about USD 1.2-1.5 billion,


Wipro chairman Azim Premji has purchased a 10% equity stake in retail chain Subhiksha Trading for Rs 2.30 billion,

Bharti Airtel on Thursday, September 04, announced its collaboration with US-based computer maker Hewlett-Packard (HP) to promote broadband and computer penetration in the country.

Gitanjali Gems signs MoU with MMTC

Patel Engineering is close to acquiring a mid-sized coal mine in Indonesia for Rs 1 billion .The mine will be used for the company`s proposed 1,200-mw power plant in Gujarat.

NTPC inks JV with NHPC, PFC & TCS to set up power exchange at national level. It will be registered as a public limited company.


Dr Reddy`s Laboratories, announced a licensing and distribution agreement with Cosmederm Technologies, a US-based specialty pharmaceutical company focused on dermatology and aesthetic medicine.

Czech automaker Skoda has plans to launch eight models in next five years to make India amongst the top-five of its global markets

Tata Power Company, India`s largest integrated private power company, today announced its decision to acquire a 10% stake in Geodynamics, Australia.


Private insurance-provider Max India has stepped into an agreement with the UK-based British United Provident Fund (Bupa) to set up a standalone health insurance company
Japanese auto major Toyota has launched an advanced version of its sedan, Corolla Altis, priced between Rs 1.083 million and Rs 1.286 million and it is aiming to achieve a 10% market share in the Indian passenger car market,


Big Bazaar is planning to open 15 more stores by November end, some of them in new markets, at an investment of Rs 15-16 billion,


Mumbai-based logistics company, Tuscan Ventures said it has picked up a 40% stake in Singapore-based Rasmussen & Simonsen International (RSI) for an undisclosed sum.


Mumbai-based logistics company, Tuscan Ventures said it has picked up a 40% stake in Singapore-based Rasmussen & Simonsen International (RSI) for an undisclosed sum.

India and Colombia has entered into an agreement on Friday for cooperation in the energy sector, including joint bidding for oilfields in the two countries as well as overseas,

Nissan, Japanese automaker announced that it has plans to manufacture nine new models, at its Chennai plant, which will become operational by 2010