Dollar Tree reports higher first-quarter profit

(Reuters) - The retailer earned $38.1 million, or 38 cents per share, for its fiscal first quarter ended May 5, up from $32.9 million, or 31 cents per share, a year earlier.



) Keywords: DOLLARTREE RESULTS/


Read more at Reuters.com Market News

Polish Zloty Falls to Six-Week Low Against Euro on Slide in Global Stocks

(Bloomberg) -- The Polish zloty fell to the lowest in
more than six weeks against the euro as emerging-market stocks
declined around the world, and the country's central bank kept
interest rates at their current level.

Expectations the central bank will raise interest rates this
year to stem inflation helped the zloty advance to an almost five
month high on May 10. The currency is the third-worst performer
among 72 currencies tracked by Bloomberg this month as sentiment
towards emerging markets worsened and some policy makers,
including Jan Czekaj, said borrowing costs may stay on hold for
several months.


Read more at Bloomberg Currencies News

UPDATE 1-SSAB to sell Ipsco tube unit after takeover -paper

(Reuters) - SSAB said it would not comment on the report.




"We don't comment on speculation. We have made a bid for the
whole of Ipsco, and that process is underway, and SSAB has the
intention of acquiring all of Ipsco," SSAB spokesman Tommy
Lofgren said.


Read more at Reuters.com Mergers News

India Cancels Tender to Buy 1 Million Tons of Wheat, Citing High Prices

(Bloomberg) -- India, the world's second-biggest
wheat consumer, canceled a tender to import 1 million tons of
the grain because it judged prices offered by firms including
Archer Daniels Midland and Cargill Inc. to be high.

Toepfer International and Glencore International AG were
among seven firms that offered 1.3 million tons priced at $267 a
ton to $302 a ton, a government official said. Toepfer was the
lowest bidder. India paid an average $205.31 a ton last year.


Read more at Bloomberg Commodities News

Japan's 20-Year Bonds Rise as Investors Match Extension of Benchmark Index

(Bloomberg) -- Japan's 20-year government bonds rose,
posting their biggest gain in almost two weeks, on speculation
investors are buying the securities to match a change in a
benchmark index.

Nomura Securities Co., Japan's biggest brokerage, will add
debt including 10- and 20-year securities sold this month to its
Bond Performance Index for June and remove those due in a year
or less. Bonds also rallied after a government report today
showed industrial production unexpectedly fell in April for a
second month, giving the central bank less room to raise
interest rates.


Read more at Bloomberg Bonds News

W.Bank revises 2007 China growth forecast to 10.4 pct

(Reuters) - It revised up its forecast of China's current account
surplus in 2007 to $340 billion, or 10.8 percent of GDP. In
February it had projected a ratio of 8.3 percent.




The bank now expects consumer price inflation to average
3.2 percent in 2007, up from the 2.5 percent level it had
forecast 3 months ago.


Read more at Reuters.com Economic News

Viacom to sell music publishing unit: report

(Reuters) - Viacom and Sony/ATV Music could not be reached immediately.




Viacom said in February it was exploring the possible sale of the unit, which includes the music from contemporary hit artists Eminem and Shakira.


Read more at Reuters.com Business News