Total shares hit new high on profit, output hopes

(Reuters) - Shares in the French oil and gas giant were up 1.5 percent at 1300 GMT, bringing its rise to 6 percent over the past four days, nearly twice the gains clocked by rival majors Exxon Mobil




and Royal Dutch Shell during the same period.


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TREASURIES-Bonds gain on lower than expected core CPI

(Reuters) - The benchmark 10-year note was trading 5/32
higher in price for a yield of 5.20 percent from 5.23 late on
Thursday, while the two-year note _was flat in price
for a yield of 5.10 percent.




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US May consumer prices up 0.7 pct, core prices tame

(Reuters) - The muted core price rise was likely to reassure financial markets that price gains remain tame, notwithstanding Federal Reserve officials' warning that they still see a danger from potential inflationary pressures. "Although core inflation seems likely to moderate gradually over time, the risks to this forecast remain to the upside," Fed Chairman Ben Bernanke told a monetary policy conference last week.




The department said core prices have risen 2.1 percent on a seasonally adjusted annual rate during the first five months this year, compared with a 2.6 percent rise for all of 2006.


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Abbas names Fayyad new Palestinian PM -officials

(Reuters) - Fayyad is considered a moderate who has good connections
with Western governments.




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Senegal's Economic Growth Rate May Double by 2010, President Wade Says

(Bloomberg) -- Senegal's economic growth rate may
double in two or three years to 6.5 percent as the government
spends more on agriculture, President Abdoulaye Wade said.

Growth slowed last year as record oil prices pushed up import
costs and electricity shortages hurt production. The International
Monetary Fund estimates growth slowed to 3.5 percent in 2006 from
5.5 percent in the previous year.


Read more at Bloomberg Emerging Markets News

FTSE 100 Stocks Gain, Paced by Sainsbury; Morrison, Tesco Shares Advance

(Bloomberg) -- U.K. stocks rose for the third
day. J Sainsbury Plc led shares of retail companies higher
after a Qatar-backed fund increased its stake in the
supermarket chain.

The benchmark FTSE 100 Index added 39.5, or 0.6
percent, to 6689.4 in London at 12:09 p.m. The FTSE All-
Share Index gained 1.4 percent to 3435.94. Ireland's ISEQ
Index rose 1.1 percent to 9611.55.


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Czech Central Banker Niedermayer Skeptical About Major Spending Overhaul

(Bloomberg) -- Czech central bank Deputy Governor
Ludek Niedermayer said he is skeptical the government will
manage to revamp fiscal policy enough to keep public spending
under control.

``The situation in parliament is very difficult'' so the
government's ``mandate and ability to push through some really
substantial changes to fiscal policy is questionable,''
Niedermayer said in a phone interview yesterday in Prague. The
recent trend of budget spending outpacing budget revenue is
``very dangerous.''


Read more at Bloomberg Emerging Markets News