Xstrata extends expiry time on offer for Lionore

(Reuters) - LionOre Mining said on Thursday that Russian Norilsk
Nickel's takeover bid
for the company was superior to a rival, C$6.2 billion offer by
Xstrata.




Read more at Reuters.com Mergers News

AMO recalls Complete MoisturePlus lens solution

(Reuters) - The CDC estimated that risk of infection was at least seven
times greater among users of the Complete MoisturePlus solution
compared with those who did not, the company said.




"As patient safety is paramount to AMO, the company is
taking decisive action to stop shipments, recall product from
the marketplace, and encourage consumers to discontinue the use
of AMO Complete MoisturePlus until further information is
available," the company said in a statement.


Read more at Reuters.com Business News

UPDATE 1-Dubai's DIFC to sell $1 bln of Islamic bonds-source

(Reuters) - MANAMA, May 27 - Dubai's financial centre, which
said this month it bought a 2.2 percent stake in Deutsche Bank
AG bond sale.


Read more at Reuters.com Bonds News

China finds 240 bcm gas reserves in south

(Reuters) - China has found gas deposits with "verified exploitable" reserves of about 240 billion cubic metres (bcm) around four years of current production, near Sinopec's massive Puguang field, the official Xinhua agency reported.

The already announced Puguang field accounted for over half of 600 bcm of reserves Xinhua said were discovered in a basin that could hold up to 3.8 trillion cubic metres of natural gas.


Read more at Reuters Africa

Treasury 10-Year Yield Rises to Highest Since January on New-Home Sales

(Bloomberg) -- Treasuries fell, pushing yields
on benchmark 10-year notes to the highest level since
January, on a sign of housing strength and comments from
Federal Reserve policy makers that inflation remains their
primary concern.

Futures traders pared bets this week that the central
bank will lower interest rates after a government report
showed the biggest rise in new-home sales in 14 years.
Richmond Fed President Jeffrey Lacker said investors may be
underestimating the central bank's resolve to lower
inflation.


Read more at Bloomberg Bonds News

Global trade round talks on goods seen blocked

(Reuters) - Major global trade talks on cutting goods tariffs were reported blocked on Friday, heightening gloom among negotiators over prospects for a successful outcome to the World Trade Organisation's Doha Round.

Trade sources and diplomats said talks over the past few days on the goods dossier, known by the acronym NAMA, had shown no movement towards closing the gap between developed and developing countries.


Read more at Reuters Africa

European Government Notes Drop for Third Week as Consumer Confidence Rises

(Bloomberg) -- European two-year government notes
logged a third weekly drop after a report added to evidence of
optimism among consumers in Europe's largest economy.

Benchmark two-year yields held near the highest in five
years after a report showed German consumer confidence rose to a
five-month high in June as households raised their income
expectations due to an improved economic outlook. Futures
trading shows investors are adding to bets the European Central
Bank will increase interest rates at least twice more this year.


Read more at Bloomberg Bonds News