Bharat Petroleum Plans to Increase Naphtha Exports to Asia by 25 Percent

(Bloomberg) -- Bharat Petroleum Corp., India's
third-biggest state-run refiner, plans to increase naphtha
exports to countries to its east by 25 percent this year to gain
from rising demand in Asia.

``We plan to export 1 million metric tons of the fuel to
China, Korea and Japan, this year, from about 0.8 million tons
last year,'' Sumita Bose Roy, General Manager of International
Trade, said in an interview at the Commodity Investment World
Asia conference in Shanghai yesterday.


Read more at Bloomberg Energy News

Shanghai copper pares gains on stock rise worry

(Reuters) - Shanghai copper edged higher by midday on Friday, paring earlier gains on speculation that Shanghai copper stocks may rise by as much as 10 percent this week.

The most-active August copper contract on the Shanghai Futures Exchange rose 0.3 percent to 63,600 yuan a tonne at midday, from 63,420 yuan on Thursday.


Read more at Reuters Africa

UPDATE 1-Qatari fund raises Sainsbury stake to 25 pct

(Reuters) - Delta Ltd, a vehicle of the Qatari royal family, said in a statement
it had purchased 123 million shares in British supermarket chain Sainsbury, or a
further 7.07 percent stake, at 595 pence per share.




Property tycoon Robert Tchenguiz, with a 5.07 percent Sainsbury stake, has
said he wants the supermarket chain to release real estate assets.


Read more at Reuters.com Mergers News

What happens to world trade post-Doha, experts ask

(Reuters) - Experts are charting a new course for the 12-year-old World Trade Organization as its mandate evolves from simple duty cuts to managing commerce across a fluid global economy.

"The WTO has been so successful over the years that we now expect it to deliver the same success in a far more complex situation," Pierre Pettigrew, a former Canadian trade minister, said on Thursday.


Read more at Reuters Africa

Dollar firm before Fukui and US CPI, yen slips

(Reuters) - The dollar held near a 4-1/2-year high on Friday, boosted by a climb in U.S. Treasury yields to a five-year high this week, while investors renewed their appetite for risk and sold the low-yielding yen in carry trades.

Traders awaited U.S. consumer price data later in the day to see if Treasury yields rise further, as well as comments by Bank of Japan Governor Toshihiko Fukui after a policy meeting at which the central bank held rates at 0.5 percent as widely expected.


Read more at Reuters Africa

BOJ: View unchanged, economy growing moderately

(Reuters) - On prices, the BOJ said year-on-year changes in consumer
prices are moving around zero percent and are expected to stay
near that level in the near term, due to lower oil prices
compared with the previous year.




But in the long term, consumer prices will remain in an
upward trend as the nation's output gap moves towards positive
territory, the report said.


Read more at Reuters.com Bonds News

UPDATE 2-S.Korea panel approves markets law, broker shares jump

(Reuters) - SEOUL, June 15 - Shares of South Korean
brokerages surged on Friday as a key committee backed a new law
the government hopes will trigger a "big bang" for its lagging
financial sector, spurring consolidation and luring in foreign
players.




The approval from the parliamentary finance committee
almost guarantees passage by parliament later this month of the
Capital Markets Integration Act, which is designed to give
brokerages a greater role in shaping the financial sector.


Read more at Reuters.com Bonds News