Coffee Harvest in India Delayed on excess monsoon rainfall

Coffee harvest in India, the third-biggest grower in Asia, will be delayed by excess monsoon rainfall, adding to global supply problems that have driven prices to multiyear highs, an exporters? group said.

Asian Stocks Decline as Sharp, Advantest Reduce Profit Forecasts, asian stocks dropped, dragging the MSCI Asia Pacific Index to its second straight weekly decline, as Sharp Corp. and Advantest Corp. cut their profit forecasts.

Singapore Exchange Plans to Add ADRs for Indian, Korean Firms

Singapore Exchange Ltd. said it plans to quote American depositary receipts of Indian, Taiwanese and South Korean companies next year, expanding beyond the 19 Chinese firms that began trading last week.

Tata Consultancy CEO Seeks Eased Visa Tensions From Obama Visit

Tata Consultancy Services Ltd. says it?s banking on President Barack Obama?s visit to India next week to ease concern over increased U.S. visa costs and protectionism toward software-services companies.

Crude Oil Drops Below $82 a Barrel as Equity Markets Decline

Oil declined, trimming its monthly gain, after most U.S. equities fell, signaling fuel demand in the world?s biggest crude-consuming nation may falter while stockpiles surge.

Sugar Futures May Rise on Low Brazilian Supplies, Survey Shows

Sugar futures may rise on concerns about tight supplies from Brazil and other Latin American countries, a survey showed.

Indian Rupee Falls as Refiners Buy Dollars to Meet Import Bills

India?s rupee declined for a third day, its longest losing streak in eight weeks, on speculation oil refiners such as Indian Oil Corp. were buying dollars to settle month-end bills.

India?s Bonds Hold Near 1-Week Low as Central Bank May Ease Cash

India?s 10-year bonds held near the lowest level in a week on speculation the central bank will take steps to ease a shortage of cash in the banking system.

Cairn India, Patni Computer, Union Bank: India Equity Preview

The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of the last close.

Coca-Cola?s Chief Kent Roams Africa as Last World to Conquer

Piles of trash are burning outside the Mamakamau Shop in Uthiru, a suburb of Nairobi, Kenya. Sewage trickles by in an open trench. Across the street, a worker at a bar gets ready for the lunch rush by scraping the hair off a couple of roasted goat heads. It?s about 70 degrees Fahrenheit (21 degrees Celsius), the sun is beating down, it smells like decay, and it?s time for Coke to move some product.

ONGC Profit Misses Estimates After Higher Dry-Well Provisions

Oil & Natural Gas Corp., India?s biggest energy explorer, missed analyst estimates for second- quarter profit after unexpectedly increasing provisions for drilling dry wells.

Global Investors Purchase Indian Stocks for a Record 41st Day

Overseas investors were net buyers of Indian equities for a 41st day yesterday, the longest streak on record, according to the nation?s market regulator.

Steel Authority Profit Misses Estimates on Coal Costs

Steel Authority of India Ltd., the nation?s second-biggest producer, posted a worse-than-estimated 34 percent drop in second-quarter profit as rising costs of coking coal and other raw materials outweighed price increases.

Bugatti Adds Veyrons in India With 110% Tax, $3.6 Million Price

Volkswagen AG?s Bugatti introduced the Veyron 16.4 Grand Sport car in India, undeterred by a 110 percent import tax that helps raise the retail price to about 160 million rupees ($3.6 million).

ANALYST CHANGES:

Grasim Industries Raised to ?Buy? From ?Sell? at Citigroup

Grasim Industries Ltd. was raised to ?buy? from ?sell? at Citigroup Inc. to reflect the stock?s ?cheap? valuations.

Sensex May Rise to 21,000 by Year-End, BNP Paribas Says

The Bombay Stock Exchange?s Sensitive Index, or Sensex, had its year-end estimate raised to 21,000 from 19,600 by BNP Paribas on higher commodity sector forecasts and an increase in consumer discretionary earnings estimates. The brokerage set its 2011 target at 23,900, analysts Manishi Raychaudhuri and Gautam Mehta said in a report.

TODAY?S PAPERS:

S. Korea Approves Mahindra Purchase of Ssangyong, Edaily Says

India Banks May See Microfinance Firm Defaults: Live Mint Link

India RBI Allows Some Banks to Trade Currency Options: RBI Link

Warburg Said to Outbid Bain for Quest Stake: Economic Times Link

Zimbabwe to Name Zisco Partner by December, Chronicle Reports

TOP STORIES WORLDWIDE:

Giants Lead Rangers 2-0 in 7th Inning of World Series Game 2

The San Francisco Giants lead the Texas Rangers lead the 2- 0 in the seventh inning of Game 2 of the World Series. The Giants won yesterday?s opener 11-7.

Japan Output Slide, Deepening Deflation Point to Economic Slump

Japanese factory production slumped by more than double the pace economists forecast and deflation deepened in September, adding to signs that a stronger yen is causing the economy?s expansion to lose momentum.

Cnooc Eyes ?Plenteous Harvest;? Sinopec Profit Rises

Cnooc Ltd., China?s biggest offshore oil explorer, expects to reap a ?plenteous harvest? this year after stepping up acquisitions and production to gain from higher energy prices and domestic demand.

AIA Rises on First Day in Hong Kong After City?s Biggest IPO

AIA Group Ltd. rose 13 percent on its first day of trading in Hong Kong following the biggest initial public offering in the city?s history.

HKMA Taps Yuan Swap Agreement After Demand Accelerates

The Hong Kong Monetary Authority was forced to tap its yuan swap arrangement with the People?s Bank of China after demand for trade settlement using the currency exceeded expectations.

MARKETS:

Yen Advances as Stocks Fall on Signs Global Recovery Slowing

The yen rose against all the major currencies as Asian stocks dropped amid signs the global economic recovery is slowing, boosting demand for safer assets.

Treasuries Head for October Loss as Fed Prepares Stimulus Plan

Treasuries headed for their first monthly loss since March as traders bet the Federal Reserve will increase its bond purchases next week to spur the economy and inflation.

Natural Gas Rises After Smaller-Than-Forecast Stockpile Gain

Natural gas futures rose the most in almost two months after a government report showed that U.S. inventories increased less than forecast last week.

Silver, Palladium Flows Show Swing to Recovery: Chart of Day

Accelerating purchases of palladium, platinum and silver at the expense of gold signals investors may be increasing bets on an economic recovery.

Most U.S. Stocks Retreat on 3M Forecast; Halliburton Slumps

Most U.S. stocks fell as 3M Co. drove industrial shares lower after cutting its profit forecast, helping erase an early gain triggered by Exxon Mobil Corp.?s better-than-estimated earnings report.

Corn?s 2-Year High Fails to Curb Ethanol Profit: Energy Markets

The highest corn costs in two years are failing to dent profits for U.S. ethanol producers as demand grows and prices for the biofuel and a byproduct used for animal feed increase.

Rubber Futures in Shanghai Drop as Much as 2.2%

Rubber futures in Shanghai dropped as much as 2.2 percent amid concern that China?s government may take steps to curb raw- material prices. The May-delivery contract declined to as low as 31,605 yuan a ton before trading at 31,670 yuan at 9:04 a.m. local time.