Swiss Franc Gains Versus Euro on Speculation Central Bank May Buy Currency

(Bloomberg) -- The Swiss franc rose by the most in
two weeks versus the euro on speculation its slide to a record
low may prompt the central bank to take action, to prevent
inflation from accelerating.

The franc is set to snap a four-day losing run, partly on
speculation the Swiss National Bank may intervene like the
Reserve Bank of New Zealand, which sold its currency on June 11.
The SNB has said the franc's drop isn't justified by economic
fundamentals, and may lead to quickening inflation.


Read more at Bloomberg Currencies News

Kenmare sees first Mozambique exports July - paper

(Reuters) - Irish mining group Kenmare Resources plans to make the first shipments from its titanium project in Mozambique next month, a newspaper report said on Tuesday.

The company, listed in London and Dublin, said in April it had launched mining operations at its Moma Titanium Minerals Mine.


Read more at Reuters Africa

UPDATE 1-RedZone pays $175 mln for Dick Clark Productions

(Reuters) - The deal includes nearly 900 one-hour broadcasts of
American Bandstand, which aired from 1957 to 1989. Also
included are The American Music Awards, the Golden Globes, the
Academy of Country Music Awards, and Dick Clark's "New Year's
Rockin' Eve."




Red Zone said Terry Bateman would become CEO of Dick Clark
Productions, replacing Allen Shapiro, who is stepping down.
Bateman was formerly the marketing chief of the Washington
Redskins football team, which Snyder owns.


Read more at Reuters.com Mergers News

European Government Bonds Gain; German Sentiment Index Unexpectedly Drops

(Bloomberg) -- European government bonds rose after
a report showed investor confidence in Germany, the continent's
biggest economy, unexpectedly fell this month.

Two-year yields fell from near a six-year high after the ZEW
Center for European Economic Research said its index of investor
and analyst expectations dropped to 20.3, from 24 in May.
Economists surveyed by Bloomberg News had expected confidence to
improve, predicting a reading of 29.


Read more at Bloomberg Bonds News

U.K.'s FTSE 100 Index Falls, Paced by Tesco on Slowing Sales; Capita Gains

(Bloomberg) -- U.K. stocks fell, led by Tesco Plc.
Shares of the nation's largest supermarket chain tumbled the most
in almost two years after it reported sales growth in the first
quarter that trailed analysts' estimates.

Marks & Spencer Group Plc, the U.K.'s largest clothing
retailer, also declined. Capita Group Plc rallied after Citigroup
Inc. recommended buying shares in the operator of London's
traffic congestion charge.


Read more at Bloomberg Stocks News

U.S. stock futures dip but Yahoo may support Wall St

(Reuters) - A surprisingly weak reading on German investor confidence
prompted European shares to pare gains, which knocked
Standard & Poor's 500 and Nasdaq 100 futures .




"Bond yields going higher, that's getting people nervous and
the sell-off in European markets is also doing it," said Steve
Previs, senior vice president at Jefferies International.


Read more at Reuters.com Bonds News

Gold Falls in London After Dollar Rebounds Versus Euro; Silver Also Drops

(Bloomberg) -- Gold fell in London for the first
time in five days as the dollar's slide against the euro
stalled, reducing demand for the metal as an alternative
investment. Silver also declined.

Before today, gold increased for four straight days and the
dollar dropped against the euro over the same period. The dollar
today climbed 0.2 percent against the euro.


Read more at Bloomberg Commodities News