European Stocks May Rise on Mergers; ABN Amro, Friends Provident May Gain

(Bloomberg) -- European stocks may advance after
Barclays Plc raised its offer for ABN Amro Holding NV to 67.5
billion euros ($93.4 billion) and Friends Provident Plc held talks
with Resolution Plc, according to people familiar with the matter.

Siemens AG might be active after Handelsblatt reported the
region's largest engineering company received bids for its VDO unit.
TomTom NV, the world's largest maker of car navigation devices, said
it intends to buy Tele Atlas NV.


Read more at Bloomberg Stocks News

European Insurance Stocks May Advance; Energy Shares, Shell May Decline

(Bloomberg) -- European stocks may advance after
Barclays Plc raised its offer for the biggest Dutch bank to 67.5
billion euros ($93.4 billion) and Friends Provident Plc held talks
with Resolution Plc, according to people familiar with the matter.

Siemens AG might be active after Handelsblatt reported the
region's largest engineering company received bids for its VDO unit.
TomTom NV, the world's largest maker of car navigation devices, said
it intends to buy Tele Atlas NV.


Read more at Bloomberg Stocks News

National Bank of Abu Dhabi Plans Bonds Denominated in Yen, Ringgit, Dirham

(Bloomberg) -- National Bank of Abu Dhabi PJSC, the
United Arab Emirates' biggest lender by market value, said it may
sell bonds in Japanese yen, Malaysian ringgit and local currency
to diversify its sources of funding.

The bank will hold a board meeting July 25 to discuss sales
of as much as 40 billion yen ($331 million), 3 billion ringgit
($878 million), and 2 billion dirhams ($545 million) of bonds, it
said in a filing with the Abu Dhabi Securities Market today.


Read more at Bloomberg Bonds News

Barclays raises offer for ABN AMRO to $93 bln

(Reuters) - However the new offer, which has been helped by a big investment in Barclays from China Development Bank and Singapore's Temasek, is still below a 71 billion euro bid from a group of European banks led by Royal Bank of Scotland .




Read more at Reuters.com Business News

Toyota estimates total lost output of 55,000 units

(Reuters) - "We will gauge how to make up for this lost production in
due time," Watanabe told a mid-year news conference.




Read more at Reuters.com Business News

Indian Oil Buys Crude From Chevron, Mitsui, Petronas for September Loading

(Bloomberg) -- Indian Oil Corp., the country's
biggest refiner, bought crude oil for loading in September from
Chevron Corp., Mitsui & Co. and Petroliam Nasional Bhd., said
three traders who submitted offers.

Details of the refiner's purchases are as follows:


Read more at Bloomberg Energy News

Shanghai Copper Prices Rise on Speculation China Demand May Outpace Supply

(Bloomberg) -- Copper prices in Shanghai rose for a
fourth day to the highest in 10 weeks, tracking gains in London,
on speculation that supply may lag behind demand growth in China,
the world's largest consumer of the metal.

Nine Chinese copper smelters, which produce 68 percent of
the nation's production, may lower output by between 10 percent
and 15 percent in the second half of this year because they can't
cover the cost of buying and processing imported raw material.
Imports of refined copper and alloy to China fell 6.8 percent in
June from May, the customs office said today.


Read more at Bloomberg Commodities News