Veolia rights issue to dilute 2007 earnings by 1 pct

(Reuters) - The capital increase with preferential subscription rights
will be at a price of 49.70 euros per new share, it said in a
statement earlier on Tuesday.




Read more at Reuters.com Bonds News

S.Africa union leaders talk tough on strike

(Reuters) - South Africa's powerful COSATU trade union warned on Monday that a crippling civil service strike could "turn violent" if its pay demands were not met.

The public sector workers' strike, which began on June 1, has crippled government hospitals and schools across the country, and unions say a new government offer of a 7.25 percent wage increase was not enough.


Read more at Reuters Africa

Unitech, Parsvnath Costs Rise as India Stops Developers Borrowing Overseas

(Bloomberg) -- Unitech Ltd., India's most valuable
real-estate company, and Parsvnath Developers Ltd. will have to
pay more for loans because of a ban on overseas borrowing,
forcing them to incur the highest interest costs in five years.

The finance ministry's May 18 ruling will push up Unitech's
funding charges at least 5 percentage points, Managing Director
Sanjay Chandra said. Parsvnath was quoted 14 percent interest on
a loan from an Indian state-owned bank, Chief Financial Officer
Ravi S. Pani said.


Read more at Bloomberg Emerging Markets News

Laiwu Steel Group Extends Accord to Sell Stake in Unit to Arcelor Mittal

(Bloomberg) -- China's Laiwu Steel Group has
extended an agreement to sell 38 percent of its publicly traded
unit, Laiwu Steel Corp., to Arcelor Mittal, the world's largest
steelmaker, as it has yet to receive government approval.

Laiwu Steel Group, the nation's eighth-largest mill, and
Arcelor Mittal extended the accord to Dec. 31, the Laiwu,
Shandong province-based Laiwu Steel Corp. said in a statement to
the Shanghai Stock Exchange today. The statement didn't say when
the initial agreement expires.


Read more at Bloomberg Commodities News

Axtel, CCR, Cia. Vale do Rio Doce and Grupo Mexico: 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

Toyota tops GM in 2006 global sales: Automotive News

(Reuters) - GM sold 8,679,860, the paper said.




The weekly paper credited the seven-seat microvan and other Wuling-brand vehicles to GM's local partner SAIC Motor, which owns 51 percent of the venture with GM and Liuzhou Wuling Automobile.


Read more at Reuters.com Market News

Taiwan's Bonds to Drop, Pushing Yield to Three-Year High, Taiwan Life Says

(Bloomberg) -- Taiwan's government bonds may slump,
pushing yields to the highest since 2004, after traders placed
record bets against the debt, Taiwan Life Insurance Co. said.

Short sales reached a daily average of NT$37.8 billion
($1.1 billion) last week, the highest since records began in
March 2005, according to Huang Bing Jing, senior vice president
at Gretai Securities Market, which runs the nation's biggest
debt exchange. A short position is where an investor borrows an
asset in anticipation of making a profit by buying it back after
its price has fallen.


Read more at Bloomberg Bonds News