India and its South Asian neighbours are expected to see below average to average rains this year if the El Nino weather pattern gains strength during the four-month monsoon season, a forum of weather experts said on Wednesday. Full Article | Full Coverage: Monsoon in India
Reuters Market Eye - Shares in DLF, India's biggest real estate developer, fell 2.99 percent, sharply under-performing a 0.4 percent gain in the Nifty and posting their sixth decline in the past seven sessions.
Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, the bloc's second biggest, momentum waned. Full Article
Manchester United fans won’t like this, but the club’s crisis is exactly what the soccer business, and United itself, needs. The turmoil looks like a blip that helps to keep the sport interesting. United should benefit in the long run. Full Article | United must move fast
One of three Hollywood executives accused of sexually abusing a teenaged boy in the 1990s on Tuesday flatly denied the allegations, while an attorney for the second said they were "demonstrably untrue" and a representative for the third called them "without merit." Article
Mt. Everest Tragedy
Nepal's government decided on Wednesday to send a delegation of officials to the base camp of Mount Everest to cool anger among Sherpas over its response to last week's deadly ice avalanche in which at least 13 guides were killed. Full Article
Nisha Pahuja‘s film “The World Before Her” juxtaposes two training camps - one for the Durga Vahini (army of Durga), the women’s unit of the right-wing Vishva Hindu Parishad (World Hindu Council), and the other for the Miss India beauty pageant. Pahuja wanted to make a film that would explore a common theme in two worlds that at first look like they are opposites. Full Article
India's gold imports in April and May could be less than half of arrivals in March, as restrictions on the movement of cash during general elections dent the buying power of consumers, jewellery industry officials said. Gold arrivals in both April and May could plunge to 20 tonnes, from March imports of 50 tonnes. Full Article
When inflation picks up, so do bond yields, which drives prices of those bonds down. Before the 2008 crisis, consumer prices in Asia were rising at a faster-than-anticipated pace. Investors demanded more compensation for holding paper with fixed-rate returns, and policy-makers raised short-term rates, so yields on sovereign debt surged. Full Article
Expectation that the ongoing general election will throw up a stable government has spurred a return to risk in domestic equities. Assuming a strong government is indeed voted in, will it mean the IT and pharma sectors will become market pariahs? Unlikely, writes Mukesh Agarwal of CRISIL. Full Article
China Resources chairman Song Lin has been sacked for disciplinary violations, leaving an empire with $150 billion in assets leaderless. Though China’s state-company bosses will quake in their loafers, the damage to investors looks manageable. The real problem is a wider culture that treats outside shareholders as an afterthought. Full Article
"They Say We’re Dirty"
The Right to Education Act is failing millions of low caste, tribal and Muslim children because of rampant discrimination, a Human Rights Watch report has said. The report "They Say We’re Dirty" is based on nearly 160 interviews with children and parents from such underprivileged communities, teachers and principals, academics and child rights activists. Full Article