UPDATE 1-India's ICICI to sell $4.9 bln shares for loan funds

(Reuters) - MUMBAI, June 14 - India's largest private sector
bank, ICICI Bank , said on Thursday it will
sell up to $4.9 billion of shares next week so it can fund the
companies that will drive India's rise as an economic force.




The bank will sell two lots of shares worth 87.5 billion
rupees each in India and in the United States,
with greenshoe options for 15 percent that take the total size
to 201.25 billion rupees -- almost one-quarter of its market
value.


Read more at Reuters.com Bonds News

Prisa's Cebrian Says He's Considering Changes at Pay-TV Business Sogecable

(Bloomberg) -- Promotora de Informaciones SA,
Spain's largest publicly traded media group, is considering
changes at television unit Sogecable SA because the pay-TV
division would be an attractive investment for phone companies.

``We will do something,'' Chief Executive Officer Juan Luis
Cebrian said yesterday in an interview in his office in Madrid,
where the company known as Prisa is based. ``Time will tell when
and how.'' Prisa controls Sogecable, which owns free-to-air
channel Cuatro and Spain's largest pay-TV business.


Read more at Bloomberg Exclusive News

Copper Gains in London on Chinese Growth, Mine Strikes; Nickel Increases

(Bloomberg) -- Copper rose for a third consecutive
day in London after industrial production unexpectedly
accelerated in China, the world's largest user of the metal, and
on speculation mine strikes in Chile will disrupt supplies.
Nickel, aluminum and zinc also advanced.

China's output increased 18.1 percent in May from a year
earlier, the National Bureau of Statistics said today, after
gaining 17.4 percent in April. That beat the 17 percent median
estimate of 19 economists surveyed by Bloomberg News. Contract
workers at Chile's Codelco, the world's largest copper producer,
plan to strike from June 20, a labor leader said yesterday.


Read more at Bloomberg Commodities News

Vattenfall Plans to Increase Production at Its Kruemmel Reactor in Germany

(Bloomberg) -- Vattenfall Europe AG, Germany's
fourth-largest utility, plans to return its Kruemmel nuclear
reactor in Germany to full capacity this weekend, Hamburg-based
spokesman Ivo Banek said.

Vattenfall cut capacity at Kruemmel by 20 percent on June 9
because of cooling-water restrictions. Rain is expected this
weekend, reducing the temperature of the river Elbe, where
Kruemmel is based, Banel said today by phone.


Read more at Bloomberg Energy 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

European Union Carbon-Dioxide Emission Permit Prices Rise for a Second Day

(Bloomberg) -- European Union carbon-dioxide
emission permits rose for a second day.

Emission permits for delivery in December 2008 gained as
much as 45 cents, or 1.9 percent, to 24.10 euros ($32) a metric
ton, according to the European Climate Exchange in Amsterdam.
They traded at 24.01 euros as of 8:30 a.m. local time.


Read more at Bloomberg Energy News

Colgate says fake toothpaste found in 4 U.S. states

(Reuters) - The counterfeit toothpaste can be recognized because it is labeled as being manufactured in South Africa, and the company does not import toothpaste to the United States from South Africa.




The packaging also contains several misspellings, Colgate said.


Read more at Reuters.com Business News