Richards Bay coal prices nudge $60 on tight supply

(Reuters) - Prices of South African coal loading within the next four months rose close to $60.00 a tonne FOB Richards Bay on Wednesday on expectations that tight Asian supply would force consumers to buy from the country, traders and producers said.

A November loading South African panamax cargo traded on Wednesday at $59.40 a tonne in the over-the-counter market.


Read more at Reuters Africa

European shares set to jump as global stocks bounce

(Reuters) - Soaring bond yields had raised concerns that higher borrowing costs would slow takeover activity and profit growth -- two engines of the market's spring rally.




Financial bookmakers expect UK's FTSE 100 index to gain 0.4 percent, Germany's DAX is seen up 0.8 percent and France's CAC is seen rising 0.7 percent.


Read more at Reuters.com Hot Stocks News

Indonesia to Seek Bids for 25,000 Tons of Sugar as Demand Exceeds Supply

(Bloomberg) -- Indonesia, the world's largest sugar
buyer, will seek bids on June 20 to buy 25,000 metric tons of
raw sugar from overseas as local demand exceeds output.

``We will seek from any country, but we prefer raw sugar
from Australia or Brazil,'' Adi Santoso, head of market analysis
at state-run PT Perkebunan Nusantara X, said in a telephone
interview from Surabaya, Indonesia's second-largest city.


Read more at Bloomberg Commodities News

Deutsche Beteiligungs, Fraport and Q-Cells: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets.

Germany's X-DAX Index rose 0.6 percent. The index provides
an estimate of the DAX Index, based on trading in DAX futures
after the Xetra electronic market closes. The DAX advanced 2.5
points to 7680.76 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News

U.K. House Prices Increase at Their Slowest Pace For a Year, RICS Reports

(Bloomberg) -- U.K. house prices rose at the slowest
pace in a year in May, a sign higher interest rates may be
starting to cool Britain's property boom, the Royal Institution of
Chartered Surveyors said.

The number of real-estate agents and surveyors reporting
higher home values in England and Wales outnumbered those showing
declines by 23.9 percentage points in the quarter through May, the
least since April 2006, the organization said. In London, the
balance fell to a three-month low.


Read more at Bloomberg Bonds News

WHO says studying bird flu vaccine insurance policy

(Reuters) - WHO Director-General Dr. Margaret Chan said the
organization had been given more preparation time than it could
have hoped for ahead of an influenza pandemic.




Chan said the WHO was using that time to study various
financing options to allow poor developing nations to receive
vaccines and prevent a pandemic catastrophe that could kill
millions of people.


Read more at Reuters.com Government Filings News

China's Industrial Production Surges, Highlighting Failure to Cool Economy

(Bloomberg) -- China's industrial production grew
at the fastest pace in three months, underscoring the
government's failure to cool the economy.

Output rose 18.1 percent in May from a year earlier, the
National Bureau of Statistics said today, after gaining 17.4
percent in April. That compared with the 17 percent median
estimate of 19 economists surveyed by Bloomberg News.


Read more at Bloomberg Emerging Markets News