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