Crude Oil Rebounds to Trade Above $69 a Barrel as Nigerian Strike Spreads

(Bloomberg) -- Brent oil, a benchmark for two-
thirds of global supplies, rose on concern that strikes by
unions in Nigeria may disrupt exports.

Workers will be withdrawn from Nigeria's oil terminals
starting today, extending a nationwide strike to a second day, a
spokesman for the Petroleum & Natural Gas Senior Staff
Association of Nigeria said yesterday. Africa's biggest oil
producer has lost more than 700,000 barrels a day, or a quarter
of output, since last year because of militant attacks.


Read more at Bloomberg Energy News

Ameron 2nd-quarter earnings fall

(Reuters) - Earnings from continuing operations, which exclude a
business divested in 2006, were $1.63 per share.




Read more at Reuters.com Market News

S.Africa court to rule on police joining strike

(Reuters) - The labour court issued an interim interdict last Friday
prohibiting members of the Police and Prisons Civil Rights Union
from taking part in the industrial action.




It also ordered POPCRU not to promote police involvement in
the strike, which has highlighted divisions between the ruling
African National Congress and its powerful trade union allies.


Read more at Reuters.com Bonds News

U.K. Natural Gas for Next Day Rises Because Supply May Fall Below Demand

(Bloomberg) -- U.K. natural gas for delivery a day
ahead rose as forecasts showed today's supply may fall below
demand for the fuel.

Day-ahead gas for delivery at the National Balancing Point,
the U.K. trading hub, rose 1 percent to 20.75 pence a therm,
after yesterday touching the lowest since May 8, according to
prices on Bloomberg from broker ICAP Plc. That's equivalent to
$4.13 a million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

S.Africa Q1 household spending eases to 7.5 pct

(Reuters) - South Africa's household spending slowed slightly to 7.5 percent in the first quarter of the year while consumer debt levels reached record highs, the reserve bank said on Thursday.

Household spending eased from 7.75 percent year-on-year in the fourth quarter of 2006, while consumer indebtedness increased to a record 76 percent of disposable income in the first three months of this year from 73.75 in Q4 2006.


Read more at Reuters Africa

LSE board meets to discuss Borsa deal - sources

(Reuters) - The LSE board will discuss how much of a stake Borsa Italiana would have in a future holding that would comprise both exchanges, the sources said.



"The proposal from the LSE will in all likelihood be made to Borsa Italiana so that it can be discussed at board meeting today," said one of the sources.


Read more at Reuters.com Mergers News

Siemens CFO sees no share buybacks in short term

(Reuters) - Siemens also has "multiple options" for convertible bonds,
according to the slides.




Read more at Reuters.com Mergers News