(Reuters) - Aegon , a Chinese mutual fund manager with approximately 1.7 billion euros in assets under management.
)
Read more at Reuters.com Mergers News
)
Read more at Reuters.com Mergers News
Monday, May 28, 2007
Indian Government Bonds Drop on Concern Central Bank May Remove Spare Cash
(Bloomberg) -- India's bonds fell on concern the
central bank will drain surplus cash from the banking system in
coming weeks to contain inflation, leaving investors with less
money to buy debt.
Benchmark 10-year yields rose from the lowest in more than
a month as the Reserve Bank of India may sell debt or take other
measures to absorb excess cash. India's central bank drained 180
billion rupees ($4.45 billion) this month from the banking
system by selling bonds and treasury bills.
Read more at Bloomberg Bonds News
central bank will drain surplus cash from the banking system in
coming weeks to contain inflation, leaving investors with less
money to buy debt.
Benchmark 10-year yields rose from the lowest in more than
a month as the Reserve Bank of India may sell debt or take other
measures to absorb excess cash. India's central bank drained 180
billion rupees ($4.45 billion) this month from the banking
system by selling bonds and treasury bills.
Read more at Bloomberg Bonds News
Tishman, Lehman near deal for Archstone-Smith: report
(Reuters) - Shares of Archstone rose about 8 percent on Friday after reports that Tishman and Archstone were in discussions about a transaction, the report said. The U.S. financial markets were closed on Monday for the Memorial Day holiday.
Lehman, Tishman and Archstone-Smith could not be immediately reached for comment.
Read more at Reuters.com Business News
Lehman, Tishman and Archstone-Smith could not be immediately reached for comment.
Read more at Reuters.com Business News
TREASURIES-Fall in Asia on JGB slide, data eyed
(Reuters) - Investors also shied away from Treasuries ahead of economic
growth figures, the Fed's favourite inflation gauge, and
unemployment data towards the end of the week. The data is
expected to give more clues regarding the central bank's future
monetary policy.
Receding expectations that the Fed will cut the funds rate
later this year from a current 5.25 percent have boosted 10-year
yields by about a quarter percentage point so far this month.
Read more at Reuters.com Bonds News
growth figures, the Fed's favourite inflation gauge, and
unemployment data towards the end of the week. The data is
expected to give more clues regarding the central bank's future
monetary policy.
Receding expectations that the Fed will cut the funds rate
later this year from a current 5.25 percent have boosted 10-year
yields by about a quarter percentage point so far this month.
Read more at Reuters.com Bonds News
Indonesia's Tin Output to Reach 90,000 Tons This Year, Official Forecasts
(Bloomberg) -- Indonesia, the world's second-largest
tin producer, expects to produce 90,000 tons of the metal this
year, the energy and mining resources ministry said.
The Southeast Asian country will export 75,600 tons of the
metal in 2007, Simon Sembiring, director general of coal and
mineral resources, said in Jakarta today.
Read more at Bloomberg Commodities News
tin producer, expects to produce 90,000 tons of the metal this
year, the energy and mining resources ministry said.
The Southeast Asian country will export 75,600 tons of the
metal in 2007, Simon Sembiring, director general of coal and
mineral resources, said in Jakarta today.
Read more at Bloomberg Commodities News
Gold Trades Little Changed Near Two-Month Low in Asia, Silver Declines
(Bloomberg) -- Gold was little changed near a two-
month low in Asia amid speculation holidays in the northern
hemisphere yesterday reduced investor demand for the precious
metal. Silver fell.
Gold yesterday traded in a range of $654.95 to $657.58, its
most narrow trading range since April 6, as investors lacked
direction from major markets in the U.S. and U.K. Gold traded at
a two-month low of $652.01 on May 24.
Read more at Bloomberg Commodities News
month low in Asia amid speculation holidays in the northern
hemisphere yesterday reduced investor demand for the precious
metal. Silver fell.
Gold yesterday traded in a range of $654.95 to $657.58, its
most narrow trading range since April 6, as investors lacked
direction from major markets in the U.S. and U.K. Gold traded at
a two-month low of $652.01 on May 24.
Read more at Bloomberg Commodities News
Cadbury, Vodafone, Imperial Tobacco, LogicaCMG: U.K., Irish Equity Preview
(Bloomberg) -- The following stocks may rise or fall
in U.K. and Irish markets today. Stock symbols are in parentheses
and prices are from the previous market close.
The benchmark FTSE 100 Index rose 5.10, or 0.1 percent, to
close at 6570.5 in London as 41 stocks rose, 56 fell and 5 were
unchanged. The FTSE All-Share Index lost 1.04, or 0.03 percent,
to 3413.63.
Read more at Bloomberg Stocks News
in U.K. and Irish markets today. Stock symbols are in parentheses
and prices are from the previous market close.
The benchmark FTSE 100 Index rose 5.10, or 0.1 percent, to
close at 6570.5 in London as 41 stocks rose, 56 fell and 5 were
unchanged. The FTSE All-Share Index lost 1.04, or 0.03 percent,
to 3413.63.
Read more at Bloomberg Stocks News
U.S. fund in property JVs with China's Huafa
(Reuters) - Foreign funds are pouring into China's real estate market,
where prices for urban property rose 5.4 percent in April from a
year earlier, according to government data.
Shares in Huafa had risen more than 5 percent on Tuesday
morning to a record high, outpacing a 0.6 percent gain in the
benchmark index
Read more at Reuters.com Mergers News
where prices for urban property rose 5.4 percent in April from a
year earlier, according to government data.
Shares in Huafa had risen more than 5 percent on Tuesday
morning to a record high, outpacing a 0.6 percent gain in the
benchmark index
Read more at Reuters.com Mergers News
Colorado, Utah Rival OPEC Reserves, Lure Shell, Chevron, Exxon With Shale
(Bloomberg) -- Colorado and Utah have as much oil as
Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya,
Angola, Algeria, Indonesia, Qatar and the United Arab Emirates
combined.
That's not science fiction. Trapped in limestone up to 200
feet (61 meters) thick in the two Rocky Mountain states is
enough so-called shale oil to rival OPEC and supply the U.S. for
a century.
Read more at Bloomberg Exclusive News
Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya,
Angola, Algeria, Indonesia, Qatar and the United Arab Emirates
combined.
That's not science fiction. Trapped in limestone up to 200
feet (61 meters) thick in the two Rocky Mountain states is
enough so-called shale oil to rival OPEC and supply the U.S. for
a century.
Read more at Bloomberg Exclusive News
APEC Will Study Impact of State-Owned Oil Companies on Trade, Investment
(Bloomberg) -- Asia-Pacific Economic Cooperation
energy ministers plan to study the impact of state ownership of
oil and gas companies on trade and investment, according to a
draft communiqué.
The 21-member body, including China, the U.S. and Russia,
will set up a working group to assess how to cooperate with
state-owned companies, according to the draft statement obtained
by Bloomberg News in advance of the final communiqué later today.
Read more at Bloomberg Energy News
energy ministers plan to study the impact of state ownership of
oil and gas companies on trade and investment, according to a
draft communiqué.
The 21-member body, including China, the U.S. and Russia,
will set up a working group to assess how to cooperate with
state-owned companies, according to the draft statement obtained
by Bloomberg News in advance of the final communiqué later today.
Read more at Bloomberg Energy News
Tishman, Lehman near deal for Archstone-Smith: WSJ
(Reuters) - Shares of Archstone rose about 8 percent on Friday after
reports that Tishman and Archstone were in discussions about a
transaction, the report said. The U.S. financial markets were
closed on Monday for the Memorial Day holiday.
Lehman, Tishman and Archstone-Smith could not be
immediately reached for comment.
Read more at Reuters.com Business News
reports that Tishman and Archstone were in discussions about a
transaction, the report said. The U.S. financial markets were
closed on Monday for the Memorial Day holiday.
Lehman, Tishman and Archstone-Smith could not be
immediately reached for comment.
Read more at Reuters.com Business News
Fairfax Media, Commonwealth Bank, FirstMac, Societe: Australia Bond Alert
(Bloomberg) -- The following is a list of bond sales
expected in the coming days and weeks.
Eurobonds
Read more at Bloomberg Bonds News
expected in the coming days and weeks.
Eurobonds
Read more at Bloomberg Bonds News
Keppel, Malaysian Air, Shinhan Financial: Asia Ex-Japan Equity Preview
(Bloomberg) -- The following stocks may rise or fall
in Asian markets, excluding Japan. This preview includes news that
broke after markets closed. Prices are from the local market's
last close. Stock symbols are in parentheses after company names.
China Petroleum & Chemical Corp. (600028 CH): China
Petroleum, or Sinopec, Asia's largest refiner, set up a unit to
bolster oil and gas exploration as the company seeks new fields to
supply the energy needs of the world's fastest-growing major
economy. The subsidiary was established May 25 with the aim of
discovering ``big and middle-sized'' oil and gas fields, Beijing-
based parent China Petrochemical Corp. said in a statement. The
shares gained 0.67, or 5.4 percent, to 13.07 yuan.
Read more at Bloomberg Stocks News
in Asian markets, excluding Japan. This preview includes news that
broke after markets closed. Prices are from the local market's
last close. Stock symbols are in parentheses after company names.
China Petroleum & Chemical Corp. (600028 CH): China
Petroleum, or Sinopec, Asia's largest refiner, set up a unit to
bolster oil and gas exploration as the company seeks new fields to
supply the energy needs of the world's fastest-growing major
economy. The subsidiary was established May 25 with the aim of
discovering ``big and middle-sized'' oil and gas fields, Beijing-
based parent China Petrochemical Corp. said in a statement. The
shares gained 0.67, or 5.4 percent, to 13.07 yuan.
Read more at Bloomberg Stocks News
URS to acquire Washington Group for $2.3 billion
(Reuters) - URS said its expects the acquisition to boost its revenue
growth, long-term profitability and cash flow. The deal will be
neutral or slightly beneficial to earnings per share in 2008,
and boost earnings in 2009 and beyond, URS said.
Read more at Reuters.com Mergers News
growth, long-term profitability and cash flow. The deal will be
neutral or slightly beneficial to earnings per share in 2008,
and boost earnings in 2009 and beyond, URS said.
Read more at Reuters.com Mergers News
Chile Peso Falls on Speculation Pension Fund Changes Will Boost Outflows
(Bloomberg) -- Chile's peso fell as investors
expected new rules for pension fund investments will increase
money outflows.
President Michelle Bachelet proposed on May 21 that pension
funds be allowed to hold 45 percent of their assets in foreign
holdings, up from 30 percent. The president is expected to
submit a bill to legislators.
Read more at Bloomberg Currencies News
expected new rules for pension fund investments will increase
money outflows.
President Michelle Bachelet proposed on May 21 that pension
funds be allowed to hold 45 percent of their assets in foreign
holdings, up from 30 percent. The president is expected to
submit a bill to legislators.
Read more at Bloomberg Currencies News
Brazilian Real Advances to Near Six-Year High on Inflation, Growth Outlook
(Bloomberg) -- Brazil's real rose to near a six-year
high after economists surveyed each week by the central bank
reduced their expectations for inflation while predicting Latin
America's largest economy will grow at a faster pace.
The real rose today against all of the 16 most active
currencies tracked by Bloomberg News on the economists'
forecast. Brazil's currency is up 9.7 percent against the dollar
so far this year, making it the best performer among the most
active currencies.
Read more at Bloomberg Currencies News
high after economists surveyed each week by the central bank
reduced their expectations for inflation while predicting Latin
America's largest economy will grow at a faster pace.
The real rose today against all of the 16 most active
currencies tracked by Bloomberg News on the economists'
forecast. Brazil's currency is up 9.7 percent against the dollar
so far this year, making it the best performer among the most
active currencies.
Read more at Bloomberg Currencies News
Shanghai copper jumps by daily limit on LME, stocks
(Reuters) - Chinese copper futures rose by their 4 percent daily limit early on Monday, following gains in London prices last week and declines in Shanghai and London Metal Exchange inventories.
The most active Shanghai August copper contract ended at 63,650 yuan per tonne, up 2,440 yuan or 4 percent from the previous settlement price of 61,210 yuan.
Read more at Reuters Africa
The most active Shanghai August copper contract ended at 63,650 yuan per tonne, up 2,440 yuan or 4 percent from the previous settlement price of 61,210 yuan.
Read more at Reuters Africa
Brazilian Currency Advances on Economists' Outlook for Inflation, Growth
(Bloomberg) -- Brazil's real advanced after
economists surveyed each week by the central bank reduced their
expectations for inflation while predicting Latin America's
largest economy will grow at a faster pace.
The real rose today against all of the 16 most active
currencies tracked by Bloomberg News on the economists'
forecast. Brazil's currency is up 9.7 percent against the dollar
so far this year, making it the best performer among the most
active currencies.
Read more at Bloomberg Currencies News
economists surveyed each week by the central bank reduced their
expectations for inflation while predicting Latin America's
largest economy will grow at a faster pace.
The real rose today against all of the 16 most active
currencies tracked by Bloomberg News on the economists'
forecast. Brazil's currency is up 9.7 percent against the dollar
so far this year, making it the best performer among the most
active currencies.
Read more at Bloomberg Currencies News
Central Europe's Benchmark Rises First Time in Three Days, Led by KGHM, CE
(Bloomberg) -- Central European shares gained for the
first time in three days. KGHM Polska Miedz SA, Poland's largest
copper mining company, followed the price of the metal higher.
CEZ AS, the biggest Czech utility, advanced after saying it
bought back shares for more than their market value.
Read more at Bloomberg Stocks News
first time in three days. KGHM Polska Miedz SA, Poland's largest
copper mining company, followed the price of the metal higher.
CEZ AS, the biggest Czech utility, advanced after saying it
bought back shares for more than their market value.
Read more at Bloomberg Stocks News
Italian Stocks Including Eni, Aem Drop; Monte dei Paschi Shares Advance
(Bloomberg) -- Italian stocks including Eni SpA
dropped. The country's largest oil company said Chief Executive
Officer Paolo Scaroni is under investigation as part of a probe
into the natural-gas market. Aem SpA shares also fell.
Banca Monte dei Paschi di Siena SpA shares rose after the
president of the bank's largest shareholder told Corriere della
Sera yesterday that the company may chose a ``merger partner''
this summer.
Read more at Bloomberg Stocks News
dropped. The country's largest oil company said Chief Executive
Officer Paolo Scaroni is under investigation as part of a probe
into the natural-gas market. Aem SpA shares also fell.
Banca Monte dei Paschi di Siena SpA shares rose after the
president of the bank's largest shareholder told Corriere della
Sera yesterday that the company may chose a ``merger partner''
this summer.
Read more at Bloomberg Stocks News
Corn Prices Rise in Dalian as China Meat Production Recovers; Soybeans Up
(Bloomberg) -- Corn prices in China, the world's
second-biggest consumer of the grain after the U.S., rose on
speculation that demand for corn-based feed may rise as the
country's livestock industry recovers from animal diseases.
China's premier Wen Jiabao asked local governments to boost
pork output as surging meat prices stoke inflation and risk
undermining social stability, a report on the government's Web
site said after Wen toured Shaanxi province at the weekend.
Read more at Bloomberg Commodities News
second-biggest consumer of the grain after the U.S., rose on
speculation that demand for corn-based feed may rise as the
country's livestock industry recovers from animal diseases.
China's premier Wen Jiabao asked local governments to boost
pork output as surging meat prices stoke inflation and risk
undermining social stability, a report on the government's Web
site said after Wen toured Shaanxi province at the weekend.
Read more at Bloomberg Commodities News
BP's Russia Unit Faces Loss of Kovykta Field After Siberian Court Ruling
(Bloomberg) -- BP Plc's Russian venture lost a court
case over its license to the giant Kovykta gas deposit, allowing
the government as early as this week to regain control of a
field with enough fuel to supply Asia for five years.
A court in Irkutsk, Siberia lifted an order forbidding the
federal government from revoking the license held by TNK-BP's
OAO Rusia Petroleum unit, after dismissing the unit's demands to
clarify how much gas it had to provide to the region.
Read more at Bloomberg Energy News
case over its license to the giant Kovykta gas deposit, allowing
the government as early as this week to regain control of a
field with enough fuel to supply Asia for five years.
A court in Irkutsk, Siberia lifted an order forbidding the
federal government from revoking the license held by TNK-BP's
OAO Rusia Petroleum unit, after dismissing the unit's demands to
clarify how much gas it had to provide to the region.
Read more at Bloomberg Energy News
Brazil, Colombia, Mexico: Latin America Preview for Local Corporate Bonds
(Bloomberg) -- The following events and economic
reports may influence trading in Latin American local bonds
today. Bond yields are from the previous session.
Brazil: Inflation as measured by the FIPE economics
institute's consumer price index probably accelerated to 0.3
percent in the four weeks through May 23 from 0.25 percent the
previous week, according to the median estimate of five
economists surveyed by Bloomberg. The institute is slated to
release the data after 4 a.m. New York time.
Read more at Bloomberg Bonds News
reports may influence trading in Latin American local bonds
today. Bond yields are from the previous session.
Brazil: Inflation as measured by the FIPE economics
institute's consumer price index probably accelerated to 0.3
percent in the four weeks through May 23 from 0.25 percent the
previous week, according to the median estimate of five
economists surveyed by Bloomberg. The institute is slated to
release the data after 4 a.m. New York time.
Read more at Bloomberg Bonds News
FACTBOX-Details of proposal to regulate TNT stamp prices
(Reuters) - The new Dutch postal law currently before parliament will
end TNT's remaining monopoly in the Netherlands from the start
of 2008.
Read more at Reuters.com Government Filings News
end TNT's remaining monopoly in the Netherlands from the start
of 2008.
Read more at Reuters.com Government Filings News
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