National Bank of Abu Dhabi Plans Bonds Denominated in Yen, Ringgit, Dirham

(Bloomberg) -- National Bank of Abu Dhabi PJSC, the
United Arab Emirates' biggest lender by market value, said it may
sell bonds in Japanese yen, Malaysian ringgit and local currency
to diversify its sources of funding.

The bank will hold a board meeting July 25 to discuss sales
of as much as 40 billion yen ($331 million), 3 billion ringgit
($878 million), and 2 billion dirhams ($545 million) of bonds, it
said in a filing with the Abu Dhabi Securities Market today.


Read more at Bloomberg Bonds News

U.K. Pound Rises to Highest in 26 Years on Outlook for BOE Interest Rates

(Bloomberg) -- The pound rose to its strongest in
26 years against the dollar on speculation the Bank of England
will keep raising interest rates.

The highest benchmark bond yields of any Group of Seven
nation have lured investors from abroad and pushed up the pound.
A report last week showed the U.K.'s economic expansion
unexpectedly quickened in the second quarter, while the U.S.
Federal Reserve trimmed its forecast for growth.


Read more at Bloomberg Currencies News

India's Bonds Gain Most in Three Months as Central Bank Reduces Debt Sales

(Bloomberg) -- India's 10-year bonds gained the most
in three months, sending yields to the lowest in 5 1/2 months,
after the central bank cut debt sales aimed at draining spare
cash from the banking system this week.

The yield on the benchmark 7.49 percent note due April 2017
fell 10 basis points, or 0.1 percentage point, to 7.72 percent as
of 9:35 a.m. in Mumbai, according to the central bank's trading
system. The price rose 0.64, or 64 paise per 100 rupee face value,
to 98.45.


Read more at Bloomberg Bonds News

Gold Little Changed in Asia After Reaching Two-Month High; Silver Advances

(Bloomberg) -- Gold was little changed in Asia after
reaching the highest in more than two months, supported by the
euro's gain to a record against the dollar and crude oil's
advance last week to near a one-year high. Silver rose.

Gold generally moves in the opposite direction to the U.S.
currency, which slid to a record low of $1.3845 per euro today
amid concern about U.S. loans to homeowners with poor credit.
Crude oil was little changed at $75.53 a barrel at 11:04 a.m.
Singapore time, after climbing to $76.13 a barrel on July 20, the
highest since Aug. 10.


Read more at Bloomberg Commodities News

Dollar hits low, stocks retreat on subprime fears

(Reuters) - The weaker dollar hit Asian exporters such as Canon Inc., with overall market sentiment also soured by losses on Wall Street and caution after China raised interest rates on Friday in another attempt to prevent the buoyant economy from overheating.




Oil prices fell from near-record highs after oil producer group OPEC expressed concern about the impact of high oil prices on the global economy, which traders saw as a sign it might decide to pump more oil. Gold held on to Friday's gains, benefiting from the weak dollar and heightened market uncertainty.


Read more at Reuters.com Hot Stocks News

JPMorgan says wins approval to incorporate in China

(Reuters) - More than a dozen foreign banks are queuing to incorporate
their operations in China, whose banking market was fully opened
to overseas lenders late last year as part of Beijing's
commitment to the World Trade Organisation, which it joined in
2001.




Locally incorporated foreign banks are allowed to offer
full-fledged banking services, including credit card issuance and
local currency-denominated wealth management services, to Chinese
customers.


Read more at Reuters.com Government Filings News

Yen Rebounds as Investors Trim Carry Trades on Decline in Global Stocks

(Bloomberg) -- The yen rebounded from a record low
against the euro as a slide in Asian stocks spurred traders to
scale back investments in emerging-market assets funded by
borrowing in Japan.

The currency headed for a second day of gains after the
Standard & Poor's 500 Index last week had the first weekly
decline in a month on concern subprime mortgage losses will
worsen a housing slowdown. The yen has dropped against all 16
most-active currencies this year as investors borrowed cheaply in
Japan to buy higher-yielding assets in so-called carry trades.


Read more at Bloomberg Currencies News

Japan's Government Bond Futures Gain on Speculation Consumer Prices Fell

(Bloomberg) -- Japanese bond futures rose on
speculation consumer price data this week will reduce the need
for the central bank to raise interest rates next month.

The inflation rate excluding fresh food slowed for a fifth
month in June, according to a survey of economists by Bloomberg
News before the July 27 release. Ten-year notes last week had the
first gain since June as investors sought the relative safety of
government debt because of losses on securities tied to U.S.
mortgages.


Read more at Bloomberg Bonds News

Japan's Government Bonds May Gain on Speculation Consumer Prices Dropped

(Bloomberg) -- Japanese bonds may gain on
speculation consumer price data this week will reduce pressure on
the central bank to raise interest rates in August.

The inflation rate excluding fresh food slowed for a fifth
month in June, according to economists surveyed by Bloomberg News
before the July 27 release. Ten-year notes last week posted the
first gain since June as investors sought the relative safety of
government debt because of losses on securities tied to U.S.
mortgages.


Read more at Bloomberg Bonds News

Vattenfall's Brunsbuettel Nuclear Plant to Stay Shut Until Repairs Finish

(Bloomberg) -- Vattenfall Europe AG, Germany's
fourth-largest utility, will keep its Brunsbuettel nuclear plant
halted until repairs to screw anchors are complete.

Repairs tomorrow will focus on ``the part of the system that
can only be accessed when the reactor is off,'' Vattenfall
spokesman Ivo Banek said by phone today from Hamburg. ``We don't
know yet how long that's going to take. It can be a few days, or
can be much longer.''


Read more at Bloomberg Energy News

Dollar's Record-Setting Tumble Turns Into Boon for George Bush, Coca-Cola

(Bloomberg) -- Everyone from Nobel Prize laureates
to the world's biggest bond investor says the Bush administration
has reason to cheer the dollar's slide to historic lows.

The currency has lost 13.2 percent since January 2001, when
George W. Bush took office, the most under any president since at
least Gerald Ford, who left the White House in 1977. That's based
on a Federal Reserve index that tracks the dollar against the
currencies of 38 U.S. trading partners, including Germany, Japan
and Canada.


Read more at Bloomberg Currencies News

Qatar bidder picks ex-Asda man for Sainsbury -papers

(Reuters) - Campbell, 57, spent around 20 years at Asda , most
recently in the role of deputy chief executive until 2001.




The Sunday Times also said Delta Two would try to retain
Sainsbury's current chief executive, Justin King.


Read more at Reuters.com Mergers News

Saudi Aramco Shuts Ras Tanura North Product Terminal After Fire Kills Four

(Bloomberg) -- Saudi Aramco, the world's largest
state-owned oil company, closed the Ras Tanura North Product
Terminal after a fire killed four workers.

Aramco has redirected naphtha loading to other terminals in
the port complex, the Dhahran, Saudi Arabia-based company said in
an e-mailed statement today. The fire on July 19 at Ras Tanura in
the country's Eastern Province, near the Persian Gulf, also injured
12 workers, the company said in a separate statement earlier.


Read more at Bloomberg Energy News