Philippines' Central Bank May Increase the Limit on Overseas Investments

(Bloomberg) -- The Philippine central bank may
raise the limit on funds invested abroad as early as next
quarter to ease gains in the peso against the dollar, Deputy
Governor Nestor Espenilla said.

``There's some urgency in easing the impact on the exchange
rate,'' Espenilla said in an interview in Cebu City yesterday.


Read more at Bloomberg Emerging Markets News

SGL Carbon, Siemens, Deutsche Telekom Shares May Be Active: Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets. Stock symbols are in parentheses after the
company names and prices are from the Xetra close unless
otherwise stated.

Germany's X-DAX Index rose 0.2 percent to 8000.48 as of 8:45
p.m. in Frankfurt. The index provides an estimate of the DAX
Index, based on trading in DAX futures after the Xetra electronic
market closes. The DAX fell 1.6 percent to 7964.71 on the Xetra
electronic-trading system.


Read more at Bloomberg Stocks News

Coal Rail Deliveries to Newcastle Port to Reach Normal Capacity on Monday

(Bloomberg) -- Coal deliveries by rail to
Australia's Newcastle Port are expected to reach full capacity by
Monday after being restricted since June 8 due to storms and
flooding.

Deliveries to the port, the world's largest coal-export
harbor, are expected to run at between 85 percent and 95 percent
of capacity over the weekend, the Hunter Valley Coal Chain
Logistics Team, the coordinator of coal movements on the railway
between the mines and the port, said today in a statement on its
Web site.


Read more at Bloomberg Energy News

Bear Stearns Plans $3.2 Billion Rescue for Hedge Fund to Prevent Fire Sale

(Bloomberg) -- Bear Stearns Cos. plans to take on
$3.2 billion of loans to stop creditors from seizing assets of
one of its money-losing hedge funds in the biggest fund bailout
since 1998, people with knowledge of the proposal said.

The firm told lenders to the High-Grade Structured Credit
Strategies Fund yesterday that it would assume their loans, said
the people, who declined to be named because the plan is
confidential. The New York-based firm stepped in after Merrill
Lynch & Co. took securities that backed $850 million in credit
lines to two Bear Stearns funds and put them up for sale.
JPMorgan Chase & Co. and Lehman Brothers Holdings Inc. also
indicated they may take over collateral for loans they provided.


Read more at Bloomberg Bonds News

Platinum Falls in Asia as Rising Dollar Reduces Metal's Investment Appeal

(Bloomberg) -- Platinum futures declined in Tokyo
following a fall in the price of the metal for immediate delivery
as a stronger U.S. dollar reduced its appeal as an alternative
investment.

Spot, or cash market, platinum often moves in the opposite
direction of the U.S. currency, which rose against the euro and
traded at a 4 1/2-year high against the yen. A Federal Reserve
report showed manufacturing in the Philadelphia area accelerated
in June at the fastest pace in more than two years.


Read more at Bloomberg Commodities News

Yen Weakens to 4 1/2-Year Low Against Dollar as Carry Trade Gains Appeal

(Bloomberg) -- The yen fell to a 4 1/2-year low
against the dollar as investors borrowed Japan's currency to buy
higher-yielding assets in the U.S., Britain and New Zealand in
so-called carry trades.

The currency this week reached a record low versus the euro,
the weakest since September 1992 against the pound and a two-
decade low versus New Zealand's dollar. Japanese Finance
Minister Koji Omi told reporters that policy makers will
``carefully watch'' the currency market.


Read more at Bloomberg Currencies News

Aeon, `Stalled' in Japan, Turns to China for Growth in Supermarket Revenue

(Bloomberg) -- Aeon Co. in the next five years plans
to triple its stores in China, a country from which Japan's
largest supermarket operator predicts it will eventually generate
more revenue than domestically.

``Sales growth in Japan has stalled,'' the Chiba, Japan-
based company's assistant chief representative for China, James
Kazumasa Ishii, said. Aeon's Asia business, including China,
Malaysia and Thailand, accounts for less than 5 percent of the
group's revenue now.


Read more at Bloomberg Emerging Markets News