Weekly news(11 to 17 oct)

Wall of money leaves Asia swimming against tideA tidal wave of speculative money is pouring into Asia and driving up regional currencies, stoking political tensions in the run-up to crunch summits as nations raise the barricades to protect exports.

Ford to sell down Mazda stake to a few per cent: Source Ford Motor Co plans to sell almost all of its remaining stake in Mazda Motor Corp as it distances itself from the Japanese automaker it once controlled, a source with knowledge of the matter said on Saturday.

Households expect inflation at 11.9% by June: RBI surveyAlthough the Government expects inflation to moderate to about 5.5 per cent by March 2010, a survey by the Reserve Bank has found that households expect it to rise to almost 12 per cent by next June.

Economy likely to expand by over 8 pc: CII survey Indian industry expects the economy to grow by over 8 per cent during 2010-11, mainly due to rise in capital investment and capacity utilisation, a CII survey released today said.

Bombardier to launch two new business jets REUTERS 4 hours agoThe company said on Saturday its new Global 7000 aircraft would feature a four-zone cabin and volume of 2,637 cubic feet (74.67 cubic meters).US launches investigation into Chinese policies on green tech PTI 11 hours agoThe Obama Administration has said that it will launch an investigation into Chinese policies and practices affecting trade and investment in clean energy technologies.

India will be world's fastest-growing economy: EconomistsThe International Monetary Fund has come out to state that the economy will grow by 9.7 percent in 2010 and 8.4 percent in 2011.

World's largest diamond bourse opens in MumbaiThe world's largest diamond exchange opens in the city's business district Bandra-Kurla Complex , taking India from a manufacturing to a trading hub and challenging the dominance of traditional centres like Belgium and Israel.

Market to look at Q2 numbers, CIL issue for direction: AnalystsThe second quarter earning numbers by India Inc and demand garnered by Coal India for its mega public float will set the direction for the stock market.

Stage set for pre-open trade; NSE, BSE to start from tomorrowIndian stock market will ring the first opening bell for the 'pre-open trade' tomorrow, with the country's two premier bourses, NSE and BSE, starting 15-minute special session from on Monday.

India's forex reserves swell $1.63 bn to $295.79 bnThe country's foreign exchange reserves went up by USD 1.63-billion to USD 295.79-billion on the back of a healthy jump in foreign currency assets, making it the fourth consecutive weekly rise in the kitty.

Finmin rejects RBI proposal on companies acquiring regional rural banksThe finance ministry is not in favour of corporates acquiring dedicated rural lenders, regional rural banks, a suggestion mooted by the Reserve Bank of India in a recent discussion paper on new bank licences.