Venezuela's Mercosur entry unlikely-Brazil senator

(Reuters) - "Venezuela hasn't met the criteria for entry and Chavez is
trying to put the blame on somebody else," Fortes added.




Chavez told Mercosur nations on Tuesday they must approve
Venezuela's membership in the trade bloc within three months or
he would withdraw the request to join it.


Read more at Reuters.com Bonds News

South African Corn Milling Output Fell 0.6 Percent in May on Previous Year

(Bloomberg) -- Tiger Brands Ltd., Premier Foods Ltd.
and other commercial millers in South Africa processed 0.6
percent less corn in May than a year earlier.

The millers processed 222,724 metric tons during May,
compared with 224,113 tons in the same month a year earlier, the
Pretoria-based National Association of Maize Millers said on its
Web site today. South Africa is Africa's biggest corn producer.


Read more at Bloomberg Commodities News

UPDATE 1-CVC to buy chemical firm Taminco for $1.1 bln

(Reuters) - Taminco, based in Ghent, Belgium, employs 850 people and has
eight production sites around the world.




It expects to generate total sales of 600 million euros in
2007 from products used in the pharmaceutical, agrochemical,
animal feed and water treatment industries.


Read more at Reuters.com Mergers News

Mexican stocks rise, driven by America Movil gains

(Reuters) - Trading volume was low as investors in the United States,
who are big players in Mexican markets, stayed away for the
U.S. Independence Day holiday.




Shares in America Movil pushed hardest
among the index's winners, gaining 1.29 percent to 35.45
pesos.


Read more at Reuters.com Bonds News

Rand firms as dollar struggles overseas

(Reuters) - South Africa's rand held firm against the dollar on Wednesday in a market rendered very quiet by the Independence Day public holiday in the United States, traders said.

The rand was at 6.9651 versus the greenback at 1500 GMT, up 0.36 percent from New York's Tuesday close of 6.99.


Read more at Reuters Africa

Kenya says 06/07 tax revenues up by 20 pct

(Reuters) - Kenya's tax revenue in the 2006/07 fiscal year rose by 20 percent to 360.2 billion shillings, compared with the amount collected a year before, Kenya Revenue Authority (KRA) said on Wednesday.

The government had planned to collect 356.1 billion shillings in 2006/07.


Read more at Reuters Africa

BMW, Mercedes mull subcompact partnership: magazine

(Reuters) - Heavy cost pressure means Mini runs the risk of losing money should its Oxford, England, plant not run at full capacity, so parent BMW is considering finding a partner.




Discussions could include Honda and existing partner PSA , and Mercedes, its arch-rival, as well.


Read more at Reuters.com Business News