UPDATE 1-Endesa Chile 1st-half net profit drops 51 percent

(Reuters) - The company, which operates in Chile, Argentina, Colombia,
Brazil and Peru, said it made a profit of 62.123 billion pesos
in the six months through June, compared with
127.915 billion pesos in the same period a year earlier.




Endesa Chile shares traded at 768 pesos, down from Monday's
close of 780.60 pesos. The stock was still up 17.5 percent
year-to-date, but down from record highs in March of over 850
pesos a share.


Read more at Reuters.com Market News

Emerging mkts flooded by local-currency global bonds

(Reuters) - A large chunk of the new issuance is denominated in the
Brazilian real , which has gained more than 14 percent so
far this year. But sovereign bonds are also being offered in
other strengthening local currencies, such as the Colombian
peso , the Peruvian sol and even the stable
Egyptian pound .




Despite being denominated in local currencies, those bonds
are more accessible to international investors because most are
settled in international markets and payable in dollars.


Read more at Reuters.com Bonds News

Peru's Miners Cancel Plans for Two-Day Strike After Talks, Union Head Says

(Bloomberg) -- Miners in Peru, the world's third-
largest copper producer, canceled a two-day nationwide strike
after moving closer to solving a dispute over companies' efforts
to restrict the creation of new unions, a union leader said.

``We are reaching an accord,'' Luis Castillo, general
secretary of the Mining Federation, an umbrella group for mine
workers, said July 9 in a telephone interview from Lima. The
stoppage had been due to start at midnight local time. The talks
were held with the government and company representatives.


Read more at Bloomberg Emerging Markets News

Copper Is Little Changed in New York Amid Possible Strikes in Chile, Peru

(Bloomberg) -- Copper futures were little changed
in New York as planned strikes in Chile and Peru threatened to
disrupt supplies.

Contract workers at Chile's Codelco, the world's largest
copper producer, may strike tomorrow to seek higher pay, and
three unions at Southern Copper Corp.'s Peruvian operations plan
to walk out June 23. Demand for copper exceeded production by
176,000 metric tons in the first four months of the year, the
World Bureau of Metals Statistics said today.


Read more at Bloomberg Commodities News

India's Commodity Riches Rot in Dead Capital: Commentary by Andy Mukherjee

(Bloomberg) -- It has been several years since India
began talking about allowing the trading of receipts for goods
stored in warehouses, letting holders swap them like stocks and
bonds and use as security to raise money.

This one change might transform the country's fragmented
commodities markets by infusing life into what Peruvian economist
Hernando de Soto calls ``dead capital,'' or property that can't
be offered as collateral.


Read more at Bloomberg Commodities News