UPDATE 1-Colombia inflation dips to 0.12 pct in June-govt

(Reuters) - But for the first six months of this year, inflation was at
4.55 percent, just above the government's target range for the
full year of between 3.5 percent to 4.5 percent, the government's
National Department of Statistics said in a statement.




Annual inflation for the last 12 months was 6.03 percent
versus 3.94 percent in the same period a year earlier.


Read more at Reuters.com Bonds News

Gold May Rebound as Oil Gain Spurs Demand for Inflation Hedge, Survey Says

(Bloomberg) -- Gold may rebound, halting a two-week
slide, on speculation that rising oil costs will boost demand
for the precious metal as an inflation hedge.

Fourteen of the 32 traders, investors and analysts surveyed
by Bloomberg from Sydney to Chicago on June 28 and June 29
advised buying gold, which fell 0.9 percent last week to $650.90
an ounce on the Comex division of the New York Mercantile
Exchange. Nine said to sell, and nine were neutral.


Read more at Bloomberg Commodities News

JFK airport terminal closed briefly, suspicious package

(Reuters) - No information was available on what was inside the package. The airline said flights were not delayed.




U.S. airports have been on heightened security at the weekend after the explosion of a fuel-filled jeep on Saturday at Scotland's busiest airport that police said was a terrorist attack linked to failed car bombings in London.


Read more at Reuters.com Bonds News

RPT-Wall St Wk Ahead: Jobs, subprime mess to rule July 4 week

(Reuters) - NEW YORK, July 1 - Investors are hoping this week
brings some answers to the question of whether an improving
U.S. economy unleashes inflationary forces, and one place to
look will be in the June payrolls data.




At the same time, the potential for defaults in subprime
loans to spill over to the general economy remains a concern.
Nervousness that tighter credit may affect the availability of
financing for buyouts prompted investors to sell banks' and
brokers' shares on Friday, which helped cut short a morning
rally.


Read more at Reuters.com Bonds News

UK's Fraud Office to question BAE executives-paper

(Reuters) - The investigation was looking at BAE's dealings in Romania,
the Czech Republic, Tanzania and South Africa, it said.




Britain's former prime minister Tony Blair halted a probe of
a BAE deal with Saudia Arabia by the UK's SFO last December,
saying the investigation jeopardised national security and
relations with the Gulf kingdom.


Read more at Reuters.com Government Filings News

Kuwait's KIA says to keep Daimler stake unchanged

(Reuters) - "We are maintaining the stake. We're quite happy with it.
After the problems in the past things have been turning around,
looks like it is in a good form now," KIA's Executive Director
Saleh al-Sagoubi told reporters.




DaimlerChrysler announced in May it would sell an
80.1-percent stake in Chrysler Group to private equity firm
Cerberus Capital Management [CBS.UL], unwinding the 1998 merger
of Daimler-Benz and Chrysler that never worked out as planned.


Read more at Reuters.com Bonds News

Zimbabwe deploys prices crack unit, arrests Mugabe man

(Reuters) - The Zimbabwe government has deployed a crack security unit in a desperate fight against hyperinflation, and arrested more than 20 business executives, including a ruling party senator, for breaching price controls.

President Robert Mugabe -- facing the highest inflation rate in the world and simmering political tension -- last week ordered consumer prices slashed by half after the cost of some goods rose by up to 300 percent within a week, reflecting a deepening economic crisis many blame on his policies.


Read more at Reuters Africa