Copper Little Changed in Asian Trade as Strike at Codelco Mine Averted

(Bloomberg) -- Copper prices were little changed in
Asia as a strike was averted at Codelco, the world's largest
producer, averting the threat of protests by the workers at a
time when global stockpiles are falling.

Stockpiles monitored by the London Metal Exchange, the
world's biggest metals market, fell 1.5 percent and Shanghai
inventories slumped 3.8 percent, the exchanges said June 22.


Read more at Bloomberg Commodities News

European Bonds Advance for Second Day ; 10-Year Yield Falls t 4.62 Percent

(Bloomberg) -- European government bonds advanced
for a second day in London.

The yield on the 10-year bund fell 3 basis points to 4.62
percent by 7:05 a.m. in London. The price of the 4.25 percent
bond due July 2017 gained 0.24, or 2.4 euros per 1,000-euro
($1,345) face amount, to 97.08. Bond yields move inversely to
prices.


Read more at Bloomberg Bonds News

European Stocks May Decline; Shares of Barclays, Credit Suisse Might Fall

(Bloomberg) -- European stocks may retreat after
U.S. and Asian equities fell. Barclays Plc and Credit Suisse
Group may drop after their U.S.-traded securities declined.

France Telecom SA may be active as the French government
sells as much as 3.8 billion euros ($5.1 billion) of the nation's
largest phone company. Shares of Cumerio NV, owner of the biggest
copper smelter in southeastern Europe, may be active after
Germany's Norddeutsche Affinerie AG agreed to buy the company.


Read more at Bloomberg Stocks News

Yen stuck near 4-1/2-year low vs dollar, kiwi jumps

(Reuters) - The yen was pinned near a 4-1/2-year low against the dollar and an all-time trough versus the euro on Monday, staying under pressure as investors kept selling the low-yielding currency in carry trades.

The New Zealand dollar recovered all the losses it incurred on suspected central bank intervention in the late U.S. session on Friday, striking a 22-year high against the dollar and climbing near a 20-year peak against the yen.


Read more at Reuters Africa

UPDATE 1-Remy Cointreau posts year loss due Maxxium

(Reuters) - The maker of Remy Martin cognac and Piper-Heidsieck
champagne said on Monday current operating profit rose 10
percent to 153.8 million euros in the year to March 31, and it
aimed to achieve "significant organic growth" in underlying
earnings in 2007/08.




At constant exchange rates, current operating profit would
have risen 20 percent in 2006/07, it noted.


Read more at Reuters.com Market News

Stockland increases, prices US$450 mln bond issue

(Reuters) - The offer, Stockland's third visit to the U.S. traditional
private placement market, was almost twice oversubscribed at
the final prices and increased from an initially announced
US$300 million, the market source said.




Typical buyers of private placements are U.S. insurance
companies keen on long-dated paper to match their assets.


Read more at Reuters.com Bonds News

GLG Partners sells stake, sets up U.S. listing

(Reuters) - The combined company, named GLG Partners Inc., expects to
trade on the New York Stock Exchange under the symbol "GLG"
once the deal is consummated in the fourth quarter.




Freedom shareholders will own about 28 percent of the
combined company, while current GLG stockholders will own about
72 percent, GLG said.


Read more at Reuters.com Mergers News