BP, Whitbread, Glaxo, Anglo American May Move: U.K., Irish Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in U.K. and Irish markets today. Stock symbols are in parentheses
and prices are from the previous market close.

The benchmark FTSE 100 Index rose 55.3, or 0.8 percent, to
6676.7 in London. The FTSE All-Share Index gained 27.82, or 0.8
percent, to 3466.52. Ireland's ISEQ Index increased 108.58, or
1.1 percent, to 9963.44.


Read more at Bloomberg Stocks News

European Energy Stocks, Shell May Rise; Daimler, Peugeot Might Fall

(Bloomberg) -- European energy stocks may advance
after Citigroup Inc. raised its forecast for Brent crude this
year and upgraded shares of Royal Dutch Shell Plc, the region's
biggest oil company.

DaimlerChrysler AG and PSA Peugeot Citroen may decline after
their U.S.-traded securities dropped.


Read more at Bloomberg Stocks News

Roche says cancer drug MabThera extends survival

(Reuters) - Non-Hodgkin's lymphoma affects 1 million people worldwide.
It is estimated that 360,000 people die each year from the
disease.




Click on [nL04158021] for the company statement.


Read more at Reuters.com Government Filings News

GM's relations with suppliers improving: study

(Reuters) - Toyota Motor Corp. and Honda Motor Co. Ltd.
were rated first and second respectively and held
broad leads over others as automakers that North American auto
parts suppliers most want to do business with, it found.




Nissan Motor Co. Ltd. finished third and
DaimlerChrysler AG fourth in the study.


Read more at Reuters.com Business News

O Canada, Four-Month Currency Rally Reveals `Glorious and Free' Days Ahead

(Bloomberg) -- In 1976, Montreal hosted the summer
Olympics, Toronto's CN Tower became the world's tallest
structure, a Gordon Lightfoot single reached No. 2 on the pop
charts and Canada's currency was worth about one U.S. dollar.

Thanks to growing exports of oil, copper and lumber, the
Canadian dollar may reach that rate of exchange for the first
time in 31 years, according to former Canadian Finance Minister
John Manley. Canadian Imperial Bank of Commerce, National Bank
of Canada and State Street Corp. say the currency may become as
valuable as the U.S. dollar within 12 months.


Read more at Bloomberg Currencies News

Ping An Insurance Will Broaden Overseas Investments Once China Rules Allow

(Bloomberg) -- Ping An Insurance (Group) Co., China's
second-biggest insurer, plans to buy into emerging-market
financial companies and infrastructure after the government
broadens the scope for overseas investment by insurers.

``We want to diversify risk away from our China portfolio,''
Chief Operating Officer Louis Cheung said at a press briefing in
Hong Kong on June 1. ``Investment channels like long-term
corporate bonds are underdeveloped in China, so putting more
money into overseas holdings will help cover our long-term
liabilities.''


Read more at Bloomberg Emerging Markets News

U.S. Treasury Yields Hold Near Highest Since August on Outlook for Growth

(Bloomberg) -- U.S. 10-year Treasury yields held at
their highest since August on speculation economic growth will
quicken as hiring and manufacturing pick up.

Inflation expectations among traders rose to the highest in
three weeks, judging by yields. Ten-year Treasury inflation
protected securities yielded 2.39 percentage points more than
conventional notes, the widest spread since May 8. The
difference represents the rate of inflation investors expect
over the life of the securities.


Read more at Bloomberg Bonds News

Dollar hovers near highs after jobs data

(Reuters) - These reports offset a tepid U.S. core inflation number for April.




"Dollar buying is likely to continue, supported by economic data released on Friday although some of it was not necessarily dollar-supportive," said a trader at a Japanese trust bank.


Read more at Reuters.com Hot Stocks News

UBS Hedge Fund Loss Ensnares Wuffli With Mess Reprising Long-Term Capital

(Bloomberg) -- UBS AG Chief Executive Officer Peter
Wuffli spared no expense when he agreed two years ago to let
John Costas, the top-ranking American at Switzerland's largest
bank, start an internal hedge fund.

Wuffli gave Costas $3.5 billion, 80 top traders and 40
support staff for the Dillon Read Capital Management LLC
venture. Costas hired another 130 people and leased space in
London, Singapore, Tokyo, Connecticut and Manhattan, where his
corner office on the 22nd floor has a view of St. Patrick's
Cathedral. By the time he was done, Dillon Read's 250 employees
received bonuses averaging $1 million a year, or almost three
times the comparable payout at Goldman Sachs Group Inc.


Read more at Bloomberg Exclusive News

Japan's Government Bonds May Drop After U.S. Labor Report Shows Growth

(Bloomberg) -- Japanese bonds may fall, extending a
two-week decline, on speculation the U.S. economy will rebound
after a government report showed hiring accelerated more than
economists estimated.

Debt in Japan may follow a slump in U.S. Treasuries that
pushed 10-year yields to the highest level in more than nine
months on June 1. Signs of a recovery in Japan's biggest export
market may deter investors from buying bonds before Japan's 10-
year bond auction tomorrow.


Read more at Bloomberg Bonds News

Philippine Inflation Probably Accelerated on Higher Prices for Oil, Food

(Bloomberg) -- Philippine inflation probably
accelerated in May as the price of oil approached a six-month
high and dry weather curbed food production.

Consumer prices rose 2.5 percent from a year earlier,
according to the median estimate of nine economists surveyed by
Bloomberg News. Inflation was 2.3 percent in April, close to the
seven-year low it reached a month earlier. The National
Statistics Office will release the monthly report tomorrow.


Read more at Bloomberg Bonds News

Wall St bullish on media company Belo - Barron's

(Reuters) - It said Wall Street was bullish for Belo, a Texas-based
media company that owns 19 TV stations and four newspapers,
including the Dallas Morning News.




Last week, Citigroup Global Markets analyst Eileen Furukawa
raised her investment rating for Belo from "hold" to "buy" and
boosted her share price target from $19 to $25, the Barron's
report said. Belo stock closed on Friday at $22.22.


Read more at Reuters.com Mergers News

Unions seek gains with airlines healthier

(Reuters) - But labor experts question whether pilots, mechanics, bag
handlers and flight attendants will be able to take back a
measurable percentage of restructuring givebacks, even if
profits improve from a modest 2006.




The performance outlook for airlines this year has been
dimmed by softer demand, stubbornly high fuel costs, diminished
pricing power and expectations of intensifying competition.


Read more at Reuters.com Business News

Egypt Fertiliser to borrow $1.25 bln for new owners

(Reuters) - Egyptian Fertilisers Co. will borrow $1.25 billion to help its new owners, including Abraaj Capital of the United Arab Emirates, finance their $1.41 billion acquisition, Abraaj said on Sunday.

The company will sell five-year Islamic bonds to raise $400 million and borrow another $850 million from banks, Tom Speechley, executive director of Abraaj Capital, told reporters.


Read more at Reuters Africa