Harmony expects Q4 headline loss between 130-160 cts

(Reuters) - South African gold miner Harmony Gold expects to report headline loss per share of between 130-160 cents per share for the June 2007 quarter, the firm said in a statement on Monday.

Harmony, the world's fifth-biggest gold producer, said it expected to report headline profit of between 20-30 cents per share for the 2007 financial year, compared with a headline loss of 269 cents.


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UPDATE 1-Spain's Abengoa buys Brazil's Dedini Agro

(Reuters) - Abengoa made the announcement in a statement to the Spanish
stock market regulator. Dedini Agro grows and processes
sugarcane in Brazil for the production, sale and export of
ethanol and refined sugar.




In a presentation after the announcement, the company
said the acquisition would boost net profit by $2.2 million this
year, by $6.1 million in 2008 and by $46 million in 2015.


Read more at Reuters.com Mergers News

Infineon to cut Qimonda stake to minority by 2009

(Reuters) - By Georgina Prodhan, European Technology Correspondent



FRANKFURT, Aug 6 - German chipmaker Infineon aims to reduce its stake in memory chip unit Qimonda to "significantly below 50 percent" by 2009, if necessary by giving away Qimonda shares to its own shareholders.


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Europe shares down by midday; credit outweighs M&A

(Reuters) - European shares traded down by midday on Monday, led by financial stocks as they bore the brunt of concerns over credit markets and by oil shares, which tracked a fall in crude.

At 1035 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent, heading for its eighth day of losses in the last 10 sessions and off 7.7 percent from a 6-1/2 year high of 1,635.58 on July 13.


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U.S. Treasuries Decline on Concern Yields Declined Too Far, Too Fast

(Bloomberg) -- Treasuries fell on speculation yields
near the lowest in three months overstate concern that the
weakness in the U.S. subprime mortgage market will spread.

The 10-year note yield rose 2 basis points to 4.7 percent at
7:28 a.m. in New York, according to bond broker Cantor Fitzgerald
LP. The price of 4 1/2 percent notes due May 2017 fell 1/8, or
$1.25 cents per $1,000 face amount, at 98 14/32.


Read more at Bloomberg Bonds News

UPDATE 1-Brazil's Bradesco posts bigger profit in 1st half

(Reuters) - Bradesco, which is based in Sao Paulo, did not immediately
report a breakdown of its second-quarter earnings. The bank
previously reported a net profit of 1.705 billion reais in the
first quarter.




In a statement to Brazil's securities regulator, Bradesco
said its credit portfolio had reached 130.82 billion reais at
the end of June, up 23 percent from a year ago.


Read more at Reuters.com Market News

Swedish Krona Gains on Signs Growth Is Quickening, Interest Rate Outlook

(Bloomberg) -- Sweden's krona rose on expectations
faster economic growth and further interest-rate increases will
make the Nordic currency more attractive to investors.

The Stockholm-based Riksbank, Sweden's central bank, said in
June it will probably lift its benchmark rate twice more this
year bringing it to 4 percent. Gross domestic product growth
quickened to an annual 3.6 percent in the second quarter from 3
percent in the first, the statistics office said last week.


Read more at Bloomberg Currencies News

U.S. Treasuries Are Little Changed on Growth Concern as Stocks Decline

(Bloomberg) -- Treasuries were little changed as
global stocks fell and speculation increased that losses tied to
subprime mortgages will slow economic growth.

Ten-year notes may extend their gains into a fifth week
after the risk of owning corporate bonds rose and a report showed
employers added fewer jobs than expected last month. Investors
increased bets the Federal Reserve will cut interest rates as
soon as October.


Read more at Bloomberg Bonds News

ICI opens books to Akzo after raised $16.3 bln bid

(Reuters) - ICI, the maker of Dulux paints, said the new proposal was 670 pence a share in cash, up from the 650 pence a share it rejected last week.




"The board of ICI has agreed that Akzo can undertake certain limited due diligence, which ICI expects to be completed within a few days," it said in a statement.


Read more at Reuters.com Business News

U.K. Natural Gas Falls on Lower Demand Forecast; Pipeline Flips to Export

(Bloomberg) -- U.K. natural gas costs declined as a
drop in demand prompted a switch in the direction of flows on a
pipeline connecting England with mainland Europe.

Gas for delivery intraday slipped 3.4 percent to 28.25
pence a therm, according to prices on Bloomberg from the broker
ICAP Plc. The day-ahead price fell 2.6 percent to 28.5 pence a
therm. That's equivalent to $5.83 a million British thermal
units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

Akzo Nobel sweetens takeover bid for ICI

(Reuters) - "It would also allow Akzo Nobel to return further cash to
its shareholders," Akzo said, adding that Henkel would pay 2.7
billion pounds , calculated on a cash and debt
free basis, for ICI's adhesives and electronic materials
businesses.




Read more at Reuters.com Mergers News

FTSE dips, tracking Wall St. on credit concerns

(Reuters) - Britain's top share index dipped early on Monday on fresh concerns over global credit markets after Bear Stearns said it was weathering the worst storm in financial markets in more than 20 years.

At 0738 GMT, the FTSE 100 was down 21.1 points, or 0.34 percent, at 6,203.2, having closed 1.2 percent lower on Friday.


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U.K.'s FTSE 100 Drops for Second Day; Northern Rock, Rolls-Royce Retreat

(Bloomberg) -- U.K. stocks fell for a second day.
Northern Rock Plc, a mortgage lender, and Rolls-Royce Group Plc,
the world's second-biggest aircraft-engine maker, led the
retreat.

The FTSE 100 Index declined 56.2, or 0.9 percent, to 6168.1
at 8:04 a.m. in London.


Read more at Bloomberg Stocks News

European Government Bonds Advance as Asian Stocks Slide on Subprime Losses

(Bloomberg) -- European government bonds rose for a
second day as Asian stocks slid on concern U.S. subprime mortgage
losses will slow economic growth and drive up global financing
costs.

Gains in bunds pushed benchmark 10-year yields to near the
lowest since May as investors sold riskier assets and sought the
relative safety of government debt. Bear Stearns Cos. ousted Co-
President Warren Spector after credit-market losses and eroding
investor confidence.


Read more at Bloomberg Bonds News