Australian gov't agency calls Google ads deceptive

(Reuters) - The claims are the latest in a string of cases centered on
trademark rights that argue Google's pay-per-click advertising
system -- the company's mainstay revenue generator -- is used
by competitors to unfairly grab business from rivals.




The Australian Competition and Consumer Commission, or
ACCC, said in a statement on its Web site that it has filed a
case in the Federal Court in Sydney against auto dealer Trading
Post Australia Pty Ltd. and various Google subsidiaries.


Read more at Reuters.com Government Filings News

Mirant to Pay $11 Million Fine for Giving False Trade Data to Publications

(Bloomberg) -- Mirant Corp., a U.S. power producer,
will pay an $11 million fine for submitting false trade data to
industry publications in 2002 to bolster its natural-gas trading
positions, the U.S. Justice Department said.

Former traders at the Atlanta-based company's Mirant Energy
Trading unit provided false information about natural gas trades
to publications using the data to calculate price indexes on
which some sale contracts are based, the government said today in
a statement. The company won't be charged with a crime, under a
deferred-prosecution agreement with the government.


Read more at Bloomberg Energy News

Yen Strengthens as Asian Stock Markets Slide, Traders Reduce Carry Trades

(Bloomberg) -- The yen gained as a slump in Asian
stocks prompted traders to reduce investments in higher-yielding
assets funded by borrowing in Japan.

``Investors appear to be reducing risk, given the decline in
Asian shares,'' said Nobuaki Tani, a client manager of the Market
Trading Office at Resona Bank Ltd. in Tokyo. ``There's a risk
this stock weakness may spill over into European markets. The yen
is being bought.''


Read more at Bloomberg Currencies News

Gold steady, Tokyo up but firmer yen caps gains

(Reuters) - Gold was steady on Tuesday after rising more than 1 percent the previous day on a weaker dollar and security concerns, while Tokyo futures rose to its highest in a week though a firmer yen curbed gains.

Trading was likely to be subdued ahead of the Independence Day holiday on Wednesday, when U.S. financial markets will be closed, players said.


Read more at Reuters Africa

Nasdaq to buy board technology firm, no terms

(Reuters) - Directors Desk is the newest company to join Nasdaq's clutch of companies offering non-trading services, as the exchange fights to keep clients and increase revenue.




Competition among exchanges has turned fierce, and Nasdaq competes for trading volume with alternative trading venues like BATS Trading and for company listings with the New York Stock Exchange, owned by NYSE Euronext .


Read more at Reuters.com Mergers News

Japan's 10-Year Government Bonds Rise a Fourth Day as Stocks Extend Slide

(Bloomberg) -- Japan's 10-year bonds rose for a
fourth day, the longest rally in more than three months, on
speculation a drop in shares will spur demand for debt.

The yield on the 1.8 percent bond due in June 2017 fell 1.5
basis points to 1.86 percent as of 9:42 a.m. in Tokyo at Japan
Bond Trading Co., the nation's largest interdealer debt broker.
A basis point is 0.01 percentage point.


Read more at Bloomberg Bonds News

Canadian Dollar Volatility Surges as Investors Buy Protection Amid Surge

(Bloomberg) -- Volatility on options for the
Canadian dollar is at the highest since January as investors use
the derivatives to protect against the greater-than-anticipated
rally against the U.S. currency.

Futures traders, who speculate on currencies, now hold
record bets Canada's currency will strengthen, a reversal from
record so-called net shorts in January, according to figures from
the Washington-based Commodity Futures Trading Commission.


Read more at Bloomberg Currencies News

Japan's Topix Climbs for Fifth Day, its Best Winning Streak Since February

(Bloomberg) -- Japan's Topix index advanced for a
fifth day, the longest winning streak since February.

Trading companies led gains after Daiwa Institute of
Research Ltd. reiterated its ``overweight'' stance on the
industry and raised price estimates for five of the companies
that it covers.


Read more at Bloomberg Stocks News

Japan Shares Rally, Led by Nintendo, on Weak Yen, Higher Commodity Prices

(Bloomberg) -- Japanese stocks rebounded from their
biggest loss in a month, led by exporters after the yen weakened
against the dollar and euro, boosting the value of their
overseas sales. Trading companies gained after commodities
prices rose at the end of last week.

Nintendo Co., Japan's second-largest video-game maker,
climbed for the first time in three days. Mitsubishi Corp., the
nation's biggest trading company, jumped 2 percent.


Read more at Bloomberg Stocks News