Tuesday, July 10, 2007

EU Emission Permits for Next Year Decline After Forecast of Lower Prices

(Bloomberg) -- European Union carbon dioxide permits
fell near a two-month low after ICF International Inc. said they
may drop to less than half their current value because industry
will curb its greenhouse-gas emissions.

ICF said permits may fall as low as 8 euros ($10.92) a metric
ton through 2012. Permits for delivery in December 2008 dropped as
much as 43 cents, or 2 percent, to 20.69 euros a metric ton and
traded at 20.81 euros a metric ton at 1:52 p.m. in Amsterdam,
according to prices from the European Climate Exchange.


Read more at Bloomberg Energy News

Canada Dollar Trades Near 30-Year High Before Central Bank Rate Decision

(Bloomberg) -- Canada's dollar was little changed
near a 30-year high before a meeting at which the central bank
is expected to lift interest rates for the first time in more
than a year.

The currency, which has gained about 11 percent against the
U.S. dollar his year, may benefit if the Bank of Canada signals
more than one rate increase in its accompanying statement,
according to analysts. The central bank will lift the overnight
rate by a quarter-percentage point to 4.5 percent, according to
28 of 29 economists surveyed by Bloomberg.


Read more at Bloomberg Currencies News

UPDATE 1-HireRight sees IPO of 4.4 mln shares at $15-$17/shr

(Reuters) - In a regulatory filing, the company said it plans to use
the net proceeds for working capital and other general
corporate purposes, including expansion of sales and marketing
activities, developing new service offerings and expanding
international operations.




Of the 4.4 million shares, HireRight said it is selling
about 3 million shares, while the selling stockholders are
offering about 1.4 million shares.


Read more at Reuters.com Government Filings News

Monotype Imaging sees IPO of 11 mln shares at $13-$15 each

(Reuters) - The Woburn, Massachusetts-based company said it applied for
a Nasdaq listing under the symbol "TYPE."





Read more at Reuters.com Government Filings News

Carlyle agrees to invest in Taiwan bank

(Reuters) - Carlyle would buy the stake at T$17 per share, exceeding the T$13 to T$15 range some analysts had expected, after Carlyle outbid rival MBK Partners recently and secured an exclusive right to buy the stake.




The purchase would allow the U.S. private equity fund to become Ta Chong's biggest single shareholder with a 35 percent stake, James Chiou, spokesman of the small lender told Reuters by phone.


Read more at Reuters.com Mergers News

UPDATE 1-Steel Partners appeals Bull-Dog poison pill ruling

(Reuters) - On Monday, the Tokyo High Court rejected Steel Partners'
attempt to block Bull-Dog from erecting anti-takeover defences
aimed at thwarting the hedge fund's $260 million takeover bid.




The defences involve issuing stock acquisition rights on July
11 aimed at diluting Steel Partners' shareholding from 10 percent
to less than 3 percent.


Read more at Reuters.com Mergers News

Nickel Drops to Six-Month Low in London as Stockpiles Rise; Copper Falls

(Bloomberg) -- Nickel declined in London to the
lowest in almost six months as rising stockpiles of the metal
indicated a slowdown in demand growth. Copper fell from a two-
month high and zinc also dropped.

Inventories of nickel, used in stainless steel, increased
72 tons to 9,954 tons, the London Metal Exchange said today in a
daily report. They have soared 50 percent in 2007.


Read more at Bloomberg Commodities News