Singapore Dollar to Rise 10 Percent to Record $1.38, BNP Paribas Predicts

(Bloomberg) -- The Singapore dollar may rise 10
percent to a record in a year as an influx of tourists and
bankers supports economic growth, BNP Paribas SA said.

The currency may reach S$1.38 per dollar by June 30, passing
the record of S$1.3835 reached in 1995, as the Monetary Authority
of Singapore seeks gains to curb inflation, said Thio Chin Loo,
senior foreign-exchange strategist in Singapore at France's
largest bank by market value.


Read more at Bloomberg Currencies News

Nanjing Bank, Ningbo Bank May Raise $1.46 Billion in China Share Sales

(Bloomberg) -- Bank of Nanjing Co. and Bank of
Ningbo Co. may raise a combined $1.46 billion in the first
initial public offerings by Chinese city lenders, seeking funds
to help fend off larger competitors.

Bank of Nanjing, part-owned by BNP Paribas SA, may raise as
much as 6.93 billion yuan ($914 million) selling 630 million
shares, a 34.3 percent stake, at 9.80 yuan to 11 yuan each, it
said today in a filing to the Shanghai exchange. Bank of Ningbo
will sell 450 million shares at 8 yuan to 9.20 yuan to trade in
Shenzhen, raising as much as 4.14 billion yuan, it said in a
separate filing to the city's bourse.


Read more at Bloomberg Emerging Markets News

European Stocks May Decline, Paced by Barclays, BNP Paribas, BAE Systems

(Bloomberg) -- European stocks may decline as U.S.
equities retreated for a second day. Barclays Plc, Britain's
third-largest bank, and BNP Paribas SA, France's biggest, may
decline after their U.S.-traded securities dropped.

Iberdrola SA may be active after the Spanish power company
agreed to buy U.S.-based Energy East Corp. for $4.5 billion. Shares
of Roche Holding AG may move after the company offered to buy
Ventana Medical Systems Inc. of the U.S. for about $3 billion.


Read more at Bloomberg Stocks News

European Stocks Drop on Bond Yields; Anglo American, Rio Tinto Decline

(Bloomberg) -- European stocks declined for a fifth
day, the longest rout in three months, after rising bond yields
weighed on equities in the U.S. and Asia.

Anglo American Plc led mining shares lower after copper
slid. BNP Paribas SA paced advancing stocks after Les Echos
reported Societe Generale SA is studying a possible bid for its
larger banking rival.


Read more at Bloomberg Stocks News