Merrill Lynch seizes Bear Stearns fund assets: report

(Reuters) - The losses related to subprime mortgages. Bids for the seized assets are scheduled to be negotiated starting at noon EDT on Monday, the report said.




Representatives of Bear Stearns and Merrill Lynch could not be immediately reached for comment.


Read more at Reuters.com Business News

Yen Falls Most Against Dollar Since January as BOJ Holds Steady on Rates

(Bloomberg) -- The yen slumped the most
against the dollar since January as Bank of Japan Governor
Toshihiko Fukui said the central bank needed to be ``more
confident'' about price increases before raising rates.

Japan's currency reached an all-time low against the
euro as the yield advantage of 10-year German bunds and
comparable Japanese notes expanded to the widest in three
years. Treasury yields pulled back from five-year highs
reached this week as a government report showed core
consumer inflation abated.


Read more at Bloomberg Currencies News