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

Alsea, Gol, Petroleo Brasileiro and Walmex: Latin American Equity Preview

(Bloomberg) -- The following stocks may make
significant gains or losses in Brazil and Mexico today. Symbols
are in parentheses after the company name, and stock prices are
from the last session.

In Brazil, preferred shares are the most commonly traded
class of stock.


Read more at Bloomberg Stocks News

DLF's Initial Share Sale May Raise Maximum $2.4 Billion on Property Boom

(Bloomberg) -- DLF Ltd., the developer attempting
India's second-biggest share sale, may raise the maximum 96.3
billion rupees ($2.4 billion) it is seeking after a shortage of
homes and offices spurred gains for rival Unitech Ltd.'s stock.

DLF, based in New Delhi, starts selling 175 million new
shares today at 500 rupees to 550 rupees apiece.


Read more at Bloomberg Emerging Markets News

Japan's Government Bonds Are Little Changed Before Tomorrow's Debt Auction

(Bloomberg) -- Japan's 10-year bonds were little
changed, following seven days of losses, on speculation
investors will be reluctant to bid at a debt sale tomorrow on
concern yields will keep rising.

Ten-year bonds fell earlier today as a government report
showed the economy grew faster than earlier reported in the
first quarter. Benchmark 10-year yields have risen more than a
third of a percentage point since falling to their lowest in
over a year on March 22.


Read more at Bloomberg Bonds News

Fukui Pressured as Japan's Savers Join Hedge Funds in Sending Yen Abroad

(Bloomberg) -- In Japan, sending yen overseas for
higher returns is no longer just a game for banks and hedge
funds. Michiko Takeda is playing too.

Takeda, a 46-year-old homemaker from Sapporo City, is among
a growing number of individual investors joining fund managers
in shifting money out of Japan, where interest rates are the
lowest of any major economy. Last year she put 2 million yen
($16,500) in an Australian bank, and ``even with exchange-rate
risks, I'd like to invest more,'' she says.


Read more at Bloomberg Exclusive News

GE Real Estate seeks Finnish property buys: report

(Reuters) - "We are not interested in single properties, but we want to buy a large portfolio in Finland," CEO Michael Pralle told Finnish financial daily Kauppalehti.




"We lost Kapiteeli, but we will try again," he said, adding that it would be ideal to buy "local know-how".


Read more at Reuters.com Business News

Gold above 3-month low, Tokyo hits 2-week low

(Reuters) - Cash gold rose on Monday as bargain hunters lifted the metal from its lowest level in nearly three months that was hit on Friday, while Tokyo gold futures slipped to a two-week low on a decline in New York COMEX gold.

Spot gold fetched $650.75/$651.45 an ounce at 0247 GMT, up from $648.20/$649.70 last quoted in New York on Friday and $645.05, the lowest price since March 15.


Read more at Reuters Africa