Dollar Trades Near Six-Week High; Reports May Keep Federal Reserve on Hold

(Bloomberg) -- The dollar traded near a six-week
high against the euro on speculation housing and job reports
this week will ease pressure on the Federal Reserve to reduce
interest rates this year.

The U.S. currency last week reached the strongest in three
months versus the yen as traders cut bets the Fed will lower
borrowing costs from 5.25 percent. U.S. reports this week may
show consumer confidence increased, employment growth
accelerated and home sales gained.


Read more at Bloomberg Currencies 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

Tata Tea Shares Rise to 15-Month High on $1.2 Billion Glaceau Stake Sake

(Bloomberg) -- Shares of Tata Tea Ltd., a unit of
India's biggest business group, rose to a 15-month high after it
agreed to sell its stake in Energy Brands Inc. to Coca-Cola Co.
for $1.2 billion.

Tata Tea made a profit of $523 million from the sale of its
30 percent stake in Energy Brands, Vice Chairman R.K. Krishna
Kumar said on May 25. The Kolkata-based company paid $677
million for its stake in Energy Brands, known as Glaceau, in
August.


Read more at Bloomberg Commodities News

Datasul, Coca-Cola Femsa, Grupo Mexico, Marcopolo: Latin Equity Preview

(Bloomberg) -- The following stocks may make
significant gains or losses in Brazil and Mexico today. Symbols
are in parentheses after the company name, and stock prices are
from the last session.

In Brazil, preferred shares are the most commonly traded
class of stock.


Read more at Bloomberg Stocks News

India's Rupee May Decline on Central Bank Sales of Currency, Survey Shows

(Bloomberg) -- The Indian rupee, the best performing
Asian currency this year, will decline as the central bank sells
it to protect the nation's exporters, a survey of traders shows.

A slowdown in the pace of inflation to an eight-month low
may give the Reserve Bank of India room to increase rupee sales,
after scaling back dollar purchases in March and April. The
currency gained 9 percent this year to a nine-year high, helping
reduce the cost of imports and pressure for price increases.


Read more at Bloomberg Currencies News

Islamic Nations to Boost Investment, Trade to Safeguard Economic Growth

(Bloomberg) -- Muslim countries will this week call
for greater foreign investment and trade between Asia-Pacific
and the Middle East to help safeguard economic growth and jobs.

Malaysian Prime Minister Abdullah Ahmad Badawi and his
counterparts from Indonesia and Kuwait, Susilo Bambang Yudhoyono
and Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah, will join
investors at the three-day World Islamic Economic Forum in Kuala
Lumpur to discuss projects and investments to facilitate that.


Read more at Bloomberg Emerging Markets News

Stockland to raise US$300 mln min in U.S. bonds

(Reuters) - Typical buyers of U.S. traditional private placements are
U.S. insurance companies keen on long-dated paper to match
their assets.




They require a rating from the National Association of
Insurance Commissioners which has its own grid ranging
from NAIC-1 for the best credit to NAIC-6, the lowest.


Read more at Reuters.com Bonds News