Zimbabwe rules out foreign partners in diamond mine

(Reuters) - Zimbabwe will not seek foreign partners to mine diamonds in the east of the country and has stopped all illegal mining in a controversial area granted to a state firm, a government minister said on Monday.

Over 20,000 illegal miners descended on the Marange diamond deposit in the eastern province of Manicaland last August, sparking fears by the World Diamond Council (WDC) that some of the diamonds were finding their way to the black market against rules set up to curb trade in gems from conflict zones.


Read more at Reuters Africa

Wienerberger confirms to buy Canada's Arriscraft

(Reuters) - Arriscraft International Income Fund, which owns Arriscraft
International, had already announced the deal on Monday.




Wienerberger said in its statement it was still awaiting
permission from the competition authorities for the deal.


Read more at Reuters.com Mergers News

Thailand Government Bonds Fall as Yields Rise at Auction of 17-Year Debt

(Bloomberg) -- Thailand's bonds fell after yields
rose at a government auction of 5 billion baht ($152.4 million)
of 17-year debt.

The government today sold securities maturing in April 2024
at a weighted average yield of 4.5551 percent, more than the
4.1693 percent at a previous auction on May 23.


Read more at Bloomberg Bonds News

Japanese Shipping Company Shares Advance After UBS AG Raises Target Price

(Bloomberg) -- Shares of Nippon Yusen K.K., Mitsui
O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd., Japan's three
largest shipping companies, rose after UBS AG said it's
``bullish'' on the companies and raised their target price.

Shares of Mitsui O.S.K. rose as much as 3.3 percent to
1,632 yen and traded at 1,620 yen as of 9:32 a.m. in Tokyo.
Nippon Yusen's stocks surged as much as 2.9 percent to 1,109 yen
and Kawasaki Kisen shares rose 3.9 percent to 1,454 yen.


Read more at Bloomberg Commodities News

UPDATE 1-Red faces at Japan's NEC over illegal trades

(Reuters) - NEC said in a statement on Tuesday that an investigation by
the Tokyo Regional Taxation Bureau had found 10 employees from
five divisions within the company had been involved in placing
fake orders to subcontractors and receiving kickbacks from them.




The fake orders were worth some 2.2 billion yen and the kickbacks amounted to around 500 million yen, it
said.


Read more at Reuters.com Government Filings News

Asian Stocks Rise After Japan's Jobless Rate Drops; Mizuho Financial Jumps

(Bloomberg) -- Asian stocks advanced for a second day
after reports in Japan, the region's largest economy, showed an
unexpected drop in unemployment and household spending increased
for a fourth month.

Mizuho Financial Group Inc. rose to a three-month high,
helping lenders extend their lead as Japan's best performers this
month, on speculation consumers will help sustain economic growth.


Read more at Bloomberg Stocks News

China Gas to Build $157 Million Natural Gas Plant to Tap Clean-Fuel Demand

(Bloomberg) -- China Gas Holdings Ltd., operator of
61 natural gas projects on the mainland, will build a 1.2 billion
yuan ($157 million) liquefied natural gas plant in southwestern
China to gain from increased demand for cleaner burning fuels.

The plant, in the southwestern city of Dazhou, will have
annual capacity of 500,000 metric tons, or about 700 million
cubic meters of gas, the company said in an e-mailed statement
late yesterday. Its shares rose as much as 11 percent in Hong
Kong on resuming trade today, headed for a record close.


Read more at Bloomberg Emerging Markets News