UPDATE 2-TomTom buying map supplier Tele Atlas for $2.5 bln

(Reuters) - AMSTERDAM, July 23 - Dutch navigation systems
company TomTom plans to buy its main supplier of
digital maps, Tele Atlas N.V. , for 1.8 billion euros
in cash, the companies said on Monday.




TomTom, which also announced quarterly results a week early
that showed net profit leaped 81 percent from a year earlier,
said it intends to make a cash offer of 21.25 euros per share
for Netherlands-based Tele Atlas.


Read more at Reuters.com Mergers News

Italy's S&P/MIB Index Rises , Paced by UniCredit; Impregilo Shares Gain

(Bloomberg) -- Italy's S&P/MIB Index rebounded from
its largest one-day drop in two months. UniCredit SpA and
Impregilo SpA paced the advance.

The S&P/MIB Index added 135, or 0.3 percent, to 41,608 at
9:11 a.m. in Milan as 28 stocks rose, 11 fell and one was
unchanged. Futures expiring in September climbed 88, or 0.2
percent, to 41,875.


Read more at Bloomberg Stocks News

Ex-Anglo American exec to sit on RUSAL board - paper

(Reuters) - Russia's United Company RUSAL plans to offer a seat on its board of directors to Simon Thompson, former managing director of mining group Anglo American, Vedomosti daily reported on Monday.

Vedomosti, quoting sources close to RUSAL, said Thompson may also become chairman of the firm's 12-member board replacing oil-to-metals tycoon Viktor Vekselberg.


Read more at Reuters Africa

Asian Stocks Fall From a High; Honda, Japan Exporters Decline as Yen Gains

(Bloomberg) -- Asian stocks fell, led by Japanese
exporters, after the dollar declined to a six-week-low against
the yen amid concern the U.S. economy is slowing.

Honda Motor Co., which last year made the bulk of its sales
in North America, slid the most in six weeks. Sony Corp., the
world's biggest game-console maker, had its biggest slump in
almost a month.


Read more at Bloomberg Stocks News

Dollar hits record low vs euro on subprime woes

(Reuters) - The dollar fell to a record low against the euro on Monday and a six-week low against the yen, hurt by continuing worries about the U.S. subprime mortgage sector and some unwinding of yen carry trades.

The yen seesawed, sliding broadly in early Asian trading and hitting record lows against the euro in a move that traders attributed to speculative buying of sterling against the yen.


Read more at Reuters Africa

UPDATE 1-Barclays raises offer for ABN AMRO to $93 bln

(Reuters) - Barclays said on Monday its new bid was 42.7 billion euros
in shares and 24.8 billion euros in cash, up from its previous
all-stock offer of around 65 billion euros.




The raised offer will be helped by a 3.6 billion euros
investment in Barclays from China Development Bank and
Singapore's Temasek [TEM.UL], which may invest a further 9.8
billion euros if the takeover of ABN goes ahead.


Read more at Reuters.com Mergers News

FACTBOX-Key facts about China Development Bank

(Reuters) - Following are some key facts about China Development Bank:




-- The bank is mainly engaged in domestic infrastructure
investments, with the mission of "enhancing national strength
and improving people's lives".


Read more at Reuters.com Mergers News