Fed's Mishkin: China finds safety in US Treasuries

(Reuters) - Mishkin did not comment on the outlook for the U.S. economy
or interest rates. His speech closely mirrored one he delivered
on the benefits of economic globalization in April.




The Fed is expected to hold its target for benchmark
borrowing costs steady at 5.25 percent during a meeting that
concludes Thursday.


Read more at Reuters.com Bonds News

China Is Worried Stocks May Be Overvalued, Central Banker Zhou Says

(Bloomberg) -- China is worried its share market may
be overvalued and is watched developments closely, central bank
governor Zhou Xiaochuan said.

``We're not sure whether there's a clear bubble but we
worry'' price-earnings ratios may be ``too high,'' Zhou told
reporters in Basel, Switzerland, where he's attending a meeting
of central bankers from around the world. ``We're closely
watching the stock market in China.''


Read more at Bloomberg Stocks News

LSE to buy Borsa Italiana

(Reuters) - They would also be Europe's leading market for electronic trading of Exchange Traded Funds and securitized derivatives, and Europe's leading fixed income market thanks to Borsa's interest in the MTS platform.




Analysts see the deal, flagged last week by sources familiar with the proposal, as largely defensive by the LSE, which has faced repeated takeover attempts as the world's exchanges respond to competitive pressures and globalized trading opportunities.


Read more at Reuters.com Business News

Rich nations ask too much in trade talks - Brazil

(Reuters) - Brazil will press on with efforts to reach a global trade accord but rich nations are asking too much of developing countries, Brazilian President Luiz Inacio Lula da Silva said on Friday.

Lula spoke with British Prime Minister Tony Blair in a 20- minute telephone conversation one day after attempts to reinvigorate the Doha world trade talks ran aground.


Read more at Reuters Africa