Monday, May 18, 2009

DP: Economic Engine Keeps Drifting East. Or is it West from California? Or is it South to Brazil?

India Stocks, Rupee, Bonds Surge on Congress Win; Shares Halted - "May 18 (Bloomberg) -- India’s benchmark stock index jumped a record 17 percent, bonds rose and the rupee gained the most in two decades after Prime Minister Manmohan Singh’s Congress Party won nationwide elections."

Brazil food giants talk tie-up. Brazil meat processors Sadia (SDA) and Perdigao (PDA) said they're in discussions of a merger that would rescue struggling Sadia, and create one of the world's largest frozen and processed food companies. In a report Thursday, Citigroup speculated the Brazil government could help finance a merger with as much as $750M.

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