(Photo credit: Wikipedia)
[stockquote]TATAMOTORS[/stockquote] global sales jumped 26% in March lead by Jaguar Land Rover sales that surged 51%. Robust demand for Jaguar and Land Rover vehicles helped Tata Motors post a 41% increase in overall passenger car and SUV sales globally.
Inflation slowed less than expected in March, as food and energy prices kept climbing, but a cooling in manufacturing prices kept intact market hopes for a rate cut by the Reserve Bank of India on Tuesday. (SVIZ)
Heavyweights are shorting Spain: John Paulson is shorting European sovereign bonds and buying credit-default swaps on European debt, or protection against the chance of default. Spanish banks are of particular concern as their holdings of the country’s debt and client withdrawals make them overly dependent on European Central Bank financing, Paulson told investors. (Bloomberg)
Goldman Sachs: Portugal needs a real devaluation of around 35%, Greece around 30%, Spain 20%, and Italy about 10-15%. But as long as they are in the Euro, its not going to happen. I guess the choice is between civil war and the Euro then? (BBC)