Tomkins sells Trico Wipers for around 55 mln stg

(Reuters) - Trico manufactures integrated wiper systems for the
automotive market and generated sales in 2006 of 187.5 million
pounds with a loss before tax of 6.7 million.




Read more at Reuters.com Mergers News

PRESS DIGEST - Wall Street Journal - July 2

(Reuters) - * Bear Stearns Cos. Inc. hedge-fund investors must
wait until as late as July 16 to learn their losses because of
the difficulty in valuing thinly traded securities.




* Bancroft family lawyers at the center of key trusts hold
a crucial role in the decision on whether to sell Dow Jones &
Co. Inc. to News Corp. .


Read more at Reuters.com Mergers News

South Korea's Export Growth Accelerates, Economy May Be Picking Up Pace

(Bloomberg) -- South Korea's export growth
accelerated and the nation's finance minister said improving
overseas sales will help drive a faster expansion of Asia's
third-largest economy in the next six months.

Exports climbed 15.9 percent in June from a year earlier
after rising a revised 11.4 percent in May, the commerce
ministry said in Gwacheon. That beat the 12 percent median
estimate in a Bloomberg News survey of 11 economists.


Read more at Bloomberg Emerging Markets News

Newcastle Coal Price Jumps to Record as Exports Still Disrupted by Weather

(Bloomberg) -- The price for power-station coal at
Australia's Newcastle, the world's largest export harbor for the
fuel, rose to a record after storms disrupted shipments.

The price of thermal coal for immediate delivery from the
port in New South Wales state rose $4.58 a metric ton to $70.88
in the week ended June 29 from a week earlier, according to the
globalCOAL NEWC Index. About 2.5 million metric tons of coal
export capacity was lost as a result of eastern Australia's worst
storm in 30 years, said the Hunter Valley Coal Chain Logistics
Team, coordinator of rail and port movements for Newcastle.


Read more at Bloomberg Energy News

TREASURIES-Slip slightly in Asia before factory data

(Reuters) - September 10-year futures were flat at 105-22.5/32,
near a three-week high of 105-25.5/32 -- a level hit twice last
week that has become chart resistance for the contract.




Benchmark 10-year notes slipped 2/32 in price to
yield 5.037 percent, up a basis point from late trade in New York
on Friday and holding above the 5.0 percent line. Two-year notes
were flat to yield 4.871 percent.


Read more at Reuters.com Bonds News

Aluminum May Pace LME in Second Half as Mergers, China Slash Global Supply

(Bloomberg) -- Aluminum, the worst performer on the
London Metal Exchange since 2002, has the best chance to advance
for at least the next six months.

A growing number of investors say takeovers of Alcan Inc. of
Canada and Russia's OAO Sual Group may reduce aluminum production
as China, the world's largest supplier, cuts exports. Aluminum
will be the only metal on the LME to gain for the rest of 2007,
while copper, nickel, zinc and tin decline, futures markets show.


Read more at Bloomberg Emerging Markets News

South Korean Won Advances as Export Growth Quickens; Bonds Little Changed

(Bloomberg) -- South Korea's won rose to the highest
since May 8 on speculation growth in Asia's third-largest
economy will accelerate, helped by rising exports. Government
bonds were little changed.

The won gained for a third day as a government report today
showed exports, which account for about 40 percent of the
economy, grew faster than expected in June. The currency touched
the highest in almost 10 years against the yen on June 22 and is
trading within 0.2 percent of that level today.


Read more at Bloomberg Bonds News

Treasuries Fall as U.K., U.S. Increase Security After Failed Bomb Attacks

(Bloomberg) -- Treasuries fell as the U.S. and the
U.K. tightened security following two attempted car bombings in
London and an attack on Glasgow airport, reducing demand for the
relative safety of government debt.

Ten-year yields fell to a three-week low last week when the
threats cut the attraction of riskier securities. U.K. police
arrested five people and searched houses, while adding officers
to patrols in crowded areas. The U.S. increased the number of
air marshals on overseas flights.


Read more at Bloomberg Bonds News

S.Korea Samsung Heavy says wins $600 mln ship order

(Reuters) - On Friday, Samsung said it had secured a 551.4 billion won order to build a drillship for a different company in the Americas.




Read more at Reuters.com Business News

China, India, Indonesia, Malaysia, Sri Lanka: Asian Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence Asian local-currency bonds today. Yields
are from the previous session.

China: China Development Bank will sell 20 billion yuan
($2.63 billion) of floating-rate one-year bonds on July 4. The
economy may grow 10.8 percent in 2007 from a year earlier, the
fastest since 1995, the central bank said in a report published
in the China Securities Journal on June 29. Inflation may
quicken to 3.2 percent, the report said. Lawmakers last week
approved a 1.55 trillion yuan sale of government bonds to set up
a fund to seek higher returns on the nation's currency reserves.


Read more at Bloomberg Bonds News

Japan Stocks May Rise Should Tankan Show Higher Confidence; Banks May Gain

(Bloomberg) -- Japanese stocks may advance, led by
machinery makers such as Komatsu Ltd., should the Bank of Japan's
quarterly survey of business sentiment show improved confidence
and rising capital spending.

The Tankan survey will show a measure of the outlook among
large manufacturers probably rose to 22 in the latest quarter,
from 20 in the first three months of 2007, economists said.
Companies likely plan to boost capital spending by 9 percent in
the coming year, up from 2.9 percent in the previous survey. The
Tankan will be released by the central bank 10 minutes before the
start of trading today.


Read more at Bloomberg Stocks News

U.S. senator wants "czar" to ensure import safety

(Reuters) - Sen. Charles Schumer, a New York Democrat who is also helping to spearhead a legislative drive to press China on currency reforms, called for a new oversight post within the Commerce Department to oversee all matters pertaining to the safety of imported goods.




A statement issued by Schumer's office said federal agencies including the Food and Drug Administration have proven ineffective at protecting American consumers from dangerous Chinese products including pet food and toothpaste tainted with industrial chemicals.


Read more at Reuters.com Bonds News

UPDATE 1-Colombia inflation dips to 0.12 pct in June-govt

(Reuters) - But for the first six months of this year, inflation was at
4.55 percent, just above the government's target range for the
full year of between 3.5 percent to 4.5 percent, the government's
National Department of Statistics said in a statement.




Annual inflation for the last 12 months was 6.03 percent
versus 3.94 percent in the same period a year earlier.


Read more at Reuters.com Bonds News

RPT-Wall St Wk Ahead: Jobs, subprime mess to rule July 4 week

(Reuters) - NEW YORK, July 1 - Investors are hoping this week
brings some answers to the question of whether an improving
U.S. economy unleashes inflationary forces, and one place to
look will be in the June payrolls data.




At the same time, the potential for defaults in subprime
loans to spill over to the general economy remains a concern.
Nervousness that tighter credit may affect the availability of
financing for buyouts prompted investors to sell banks' and
brokers' shares on Friday, which helped cut short a morning
rally.


Read more at Reuters.com Bonds News

Carlyle lines up $8bln bid for Virgin Media-paper

(Reuters) - Providence Equity has also signalled its interest, it added
without citing sources.




The Sunday Telegraph report follows a similar story in
Saturday's edition of the Times newspaper.


Read more at Reuters.com Mergers News