European Stocks Drop, Paced by BMW, Philips, Hypo Real Estate, Depfa

(Bloomberg) -- European stocks fell after reports in
the U.S. showed employers added fewer jobs than forecast last
month and growth in U.S. service industries slowed, reigniting
concern the world's biggest economy is cooling.

Bayerische Motoren Werke AG and Royal Philips Electronics NV
paced declines among companies that rely on sales in the U.S. The
Dow Jones Europe Stoxx Oil & Gas Index dropped to the lowest in
three months, led by Total SA and BP Plc after Citigroup Inc.
reduced its recommendation for the oil industry. Hypo Real Estate
Holding AG, the mortgage bank spun off from HVB Group, and Depfa
Bank Plc led financial shares lower.


Read more at Bloomberg Stocks News

Singapore's Venture Seeks S$600 Million Loan for GES Purchase, Bankers Say

(Bloomberg) -- Venture Corp., Singapore's biggest
maker of customized electronics, plans to borrow S$600 million
($396 million) to refinance debt used to acquire GES
International Ltd., two bankers involved in the deal said.

The company hired Citigroup Inc. and DBS Group Holdings Ltd.
to replace a short-term loan with a three-year financing, the
bankers said, asking not to be identified because the
information is private.


Read more at Bloomberg Bonds News

UPDATE 1-Chrysler's bankers may take on debt-WSJ

(Reuters) - Chrysler is being spun off by German parent DaimlerChrysler
in a $7.4 billion deal with Cerberus Capital
Management [CBS.UL].




Chrysler's bankers -- including J.P. Morgan Chase & Co.
, Goldman Sachs Group Inc. , Citigroup Inc.
, Bear Stearns Cos. and Morgan Stanley --
have spent the past month trying to convince investors to buy
$12 billion in loans for Chrysler's auto business and $8
billion in loans for its financial arm, according to the
report.


Read more at Reuters.com Mergers News

Global growth helps U.S. profits, big-cap stocks

(Reuters) - Appliance maker Whirlpool Corp. and Citigroup Inc.
were among companies on Friday that cited strong
international results as bolstering their quarterly earnings,
helping to offset weakness in U.S. results.




Also benefiting corporate bottom lines is the weakening
U.S. dollar, which has been trading near lows against major
currencies, including the euro. The currency rates mean that
when companies' overseas profits are converted into dollars
they are worth more.


Read more at Reuters.com Market News

Liberty likely to seek rest of DirecTV shrs-analyst

(Reuters) - NEW YORK, July 10 - Liberty Capital , the holding group of media mogul John Malone, will likely seek full control of satellite operator DirecTV Group within 12 months, according to an analyst report.



"We see 75 percent chance that Liberty tenders for DirecTV within 12 months," said Citigroup analyst Jason Bazinet in a note to clients. "We believe Liberty could offer $30 per share."


Read more at Reuters.com Mergers News

Deutsche Bahn Plans to Sell 12-Year Bonds in Euros, Hires Three Banks

(Bloomberg) -- Deutsche Bahn AG, Germany's
government-owned railway, plans to sell bonds in euros, according
to an e-mailed statement sent by Royal Bank of Scotland Group
Plc, one of the managers of the sale.

Berlin-based Deutsche Bahn also hired Citigroup Inc. and
Credit Suisse Group to manage the sale of the fixed-rate bonds
maturing in 12 years, the statement said. The bonds will be
issued by Deutsche Bahn Finance BV and be guaranteed by Deutsche
Bahn.


Read more at Bloomberg Bonds News

Nippon Sheet Glass, Pioneer, Tokyu Store, Gulliver: Japan's Equity Preview

(Bloomberg) -- The following stocks may move in
Japanese markets on July 9. Prices are as of the close of trading.
Statements were released after the close. Stock symbols are in
parentheses.

FP Corp. (7947 JO): The food container maker was rated
``buy'' in a new coverage at Nikko Citigroup. The stock fell 50
yen, or 1.3 percent, to 3,900.


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Ten-Year Treasury Chart `Not a Happy 4th July Picture,' Says Citigroup

(Bloomberg) -- Ten-year Treasuries may decline,
pushing the yield up to a five-year high of 5.33 percent, based
on charts some traders use to predict future movements, wrote
technical strategists at Citigroup Global Markets Inc.

``This is not a happy 4th July picture,'' said New York-
based Tom Fitzpatrick and London-based John Noyce in a research
note dated yesterday. ``We can revisit 5.33 percent again.''


Read more at Bloomberg Bonds News

Bisys' No. 2 shareholder opposes Citigroup buyout

(Reuters) - Okumus released his letter in a U.S. Securities and
Exchange Commission filing. Bisys and Citigroup did not
immediately return calls seeking comment.




Citigroup, the largest U.S. bank, agreed to buy Bisys on
May 2 so that it could offer more services to hedge funds and
private equity firms.


Read more at Reuters.com Government Filings News

FACTBOX-Asian investment banking fees hit H1 record

(Reuters) - The following is a ranking of the top 5 Asia Pacific
investment banks by revenue in the first half, according to
Dealogic, and a breakdown of revenue by type of deals.




H1
2006
BANK NET REVENUE PCT MKT SHR RANK
UBS $390 million 12.7 2
JPMorgan $196 million 6.4 3
Morgan Stanley $187 million 6.1 6
Goldman Sachs $171 million 5.6 1
Citigroup $167 million 5.4 5
NET REVENUE DEAL TYPE


Read more at Reuters.com Mergers News

MISC, LNG Carrier, Postpones $750 Million Bond Sale on `Market Volatility'

(Bloomberg) -- MISC Bhd., the world's biggest owner
of liquefied natural gas tankers, postponed a planned dollar-
denominated bond sale because of fluctuations in debt yields
sparked by losses linked to U.S. subprime mortgages.

Kuala Lumpur-based MISC, a unit of Malaysian state-owned oil
company Petroliam Nasional Bhd., hired Citigroup Inc. and
Deutsche Bank AG to sell $750 million of 10-year bonds, an e-mail
sent to investors earlier this week showed.


Read more at Bloomberg Emerging Markets News

Goldman leads in record year for Gulf M&A-survey

(Reuters) - Citigroup Inc. , the largest U.S. bank, was second with
almost 27 percent followed by Lehman Brother Holdings Inc.
with just over 22 percent. UBS was the top
European bank on the list, in fourth place with 17.5 percent.




Foreign banks have been scrambling to cash in on a surge in
M&A spending by investors in the world's top oil exporting
region, who are scouring the globe to invest windfall revenues
from a tripling in international oil prices since 2001.


Read more at Reuters.com Mergers News

UPDATE 1-Record Citigroup offer shows Samurai bond revival

(Reuters) - TOKYO, June 14 - Citigroup is raising 270
billion yen in the biggest-ever yen bond sale by a
foreign company, highlighting a revival of the Samurai market.




The market -- yen bonds issued by foreign companies in Japan
-- is enjoying a revival. Tight spreads, good conditions in the
yen interest rate swaps market, strong investor demand and
favourable U.S. tax treatment of Samurais are behind the rush.


Read more at Reuters.com Bonds News

Blockbuster shares up 10 pct after Citi upgrade

(Reuters) - Citigroup analyst Tony Wible, who cut his rating on Netflix on Tuesday, raised his rating on Blockbuster late that evening, saying the company's marketing expenses to promote its Total Access online offering "are now fully priced into the stock." He also cited improving box office returns and a lessening near-term threat from video-on-demand.




Blockbuster and Netflix have been battling over the online DVD rental market, which is projected to grow by 43 percent this year. Netflix has a larger subscriber base, but Blockbuster has been growing faster since the launch last year of its Total Access plan, which let online subscribers swap DVDs at its stores for free rentals.


Read more at Reuters.com Hot Stocks News

U.S. Stocks Gain as Treasury Bonds Erase Losses; Target, Citigroup Advance

(Bloomberg) -- U.S. stocks gained after retail
sales jumped more than forecast and bond yields fell.

Target Corp., the second-biggest discount chain, and Home
Depot Inc., the largest home-improvement retailer, climbed.
Citigroup Inc. and JPMorgan Chase & Co. rose and financial
shares contributed the most to the advance in the Standard &
Poor's 500 Index.


Read more at Bloomberg Stocks News

Colombia Peso Rally Will Turn Into Rout, Merrill, Citigroup, Goldman Say

(Bloomberg) -- Wall Street's biggest banks are
certain the Colombian peso, the world's hottest currency, will
tumble for the rest of 2007 and may even erase this year's 16
percent gain.

Merrill Lynch & Co., based in New York, says the peso will
be the worst performer in the foreign-exchange markets, losing
all of its advance against the dollar. Frankfurt-based Deutsche
Bank AG sees a 10.5 percent decline by mid-November, while
Citigroup Inc. in New York expects a 8.9 percent drop by year-
end and Goldman Sachs Group Inc., 6.3 percent.


Read more at Bloomberg Currencies News

U.S. Stock-Index Futures Drop on Rising Treasuries Yields; Citigroup Falls

(Bloomberg) -- U.S. stock-index futures slid after
yields on U.S. Treasuries reached their highest since May 2002,
indicating investors are raising bets interest rates will
increase.

Citigroup Inc., the biggest U.S. bank, and Goldman Sachs
Group Inc., the world's largest securities firm by market value,
led declines in Europe.


Read more at Bloomberg Stocks News

Russian Stocks Decline, Led by Oil Producers After Citigroup Downgrade

(Bloomberg) -- Russian oil stocks retreated, paced
by OAO Lukoil after Citigroup Inc. cut its recommendation and
price estimate on the shares. The brokerage also lowered its
share-price projections for five other Russian oil producers.

The ruble-denominated Micex Index lost 1.1 percent to
1602.9 at 1:12 p.m. in Moscow, as 25 stocks dropped and four
advanced. The dollar-denominated RTS Index slipped 0.3 percent
to 1824.10.


Read more at Bloomberg Emerging Markets News

Russian Oil Stock Price Estimates Cut at Citigroup on Higher Tax and Costs

(Bloomberg) -- Russian oil stocks including OAO
Lukoil are worth less than previously estimated because of high
taxes, rising costs and the possibility the companies will
struggle to pump oil from newer fields, Citigroup Inc. said.

The world's biggest financial-services company cut its price
estimates for six Russian oil companies, including Lukoil, the
country's second-largest oil producer, even as it raised its
projection for crude oil prices, according to a report by
analysts James Neale and Alexander Korneev.


Read more at Bloomberg Stocks News

India Infrastructure to Borrow $500 Million in Its First Overseas Loan

(Bloomberg) -- India Infrastructure Finance Co., the
state-owned lender that set up a fund with Blackstone Group LP and
Citigroup Inc., plans to borrow $500 million from a group of banks
in its first overseas loan.

The New Delhi-based company has hired BNP Paribas SA, Calyon
and Standard Chartered Plc to raise the 10-year, government-
guaranteed loan, said S.S. Kohli, chairman and managing director
at India Infrastructure. It will use the funds to finance roads,
airports, power plants and other infrastructure projects in the
South Asian nation.


Read more at Bloomberg Bonds News