Asian Stocks Advance on Metals Prices, Weaker Yen; BHP Billiton, Sony Rise

(Bloomberg) -- Asian stocks rose for the first time
in three days after metals prices gained and the yen weakened
against the dollar and euro.

Materials producers including BHP Billiton Ltd., the
world's biggest mining company, posted the biggest gains among
the Morgan Stanley Capital International Asia-Pacific Index's 10
industry groups. Sony Corp. advanced on speculation a weaker yen
will boost the value of overseas sales at Japanese exporters.


Read more at Bloomberg Stocks News

Japan's Nikkei Average, Topix Index Rise; Sony, Mitsui & Co. Lead Gain

(Bloomberg) -- Japan's Nikkei 225 Stock Average
rose 63.48, or 0.4 percent, to 17,544.69 at 9:02 a.m. in Tokyo.
The broader Topix index added 8.70, or 0.5 percent, to
1724.24.

Sony Corp. and Mitsui & Co. led the advances.


Read more at Bloomberg Stocks News

Japan Airlines Placed on Watch Negative by Standard & Poor's on Debt Swap

(Bloomberg) -- Standard & Poor's, the international
ratings company, said yesterday it placed the long-term corporate
credit ratings of Japan Airlines Corp. on credit watch with
negative implications, after a report that the carrier asked its
banks to convert some debt into equity.

S&P's B+ rating on the airline, four levels below investment
grade, was reaffirmed.


Read more at Bloomberg Bonds News

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