S.Africa's 3-month T-Bill discount rate at 9.09 pct

(Reuters) - The average discount rate for South African three-month Treasury Bills rose to 9.09 percent on Friday from 9.03 percent last week, the Reserve Bank said.

The average yield was 9.3 percent from 9.24 percent, while applications for the 2.3 billion rand of bills on offer totalled 5.215 billion rand.


Read more at Reuters Africa

Oil Falls From Near a Nine-Month High, Below $67.40 a Barrel in New York

(Bloomberg) -- Crude oil fell from near a nine-month
high in New York as some analysts and traders speculated recent
gains weren't justified.

Crude oil for July delivery fell as much as 33 cents to $67.32
a barrel in electronic trading on the New York Mercantile Exchange.
The contract traded at 67.37 at 10:22 a.m. in London. Oil has risen
3.5 percent in the past two trading days.


Read more at Bloomberg Energy News

Japan's Bonds Drop for Fourth Week on Outlook for Stronger Growth, Prices

(Bloomberg) -- Japan's 10-year government bonds
fell for a fourth week, the longest losing streak since October,
as global debt markets slid on the outlook inflation will
accelerate.

The difference in yield between two- and 10-year bonds
widened yesterday to the biggest gap since February after a
slump in Treasuries pushed U.S. yields close to a five-year high.
Japan's bonds also dropped after a government report earlier
this week showed the economy grew faster than initially
estimated, led by consumer spending and stronger-than-expected
business investment.


Read more at Bloomberg Bonds News

China Shares Have Biggest Weekly Jump in Two Months; Daqin Railway Surges

(Bloomberg) -- China's stocks rose, capping the
biggest weekly gain in two months, as savings rates that trail
inflation prompt investors to switch funds in to equities.

Investors opened 328,624 accounts at brokerages on June 13,
the highest daily tally since June 1, according to China
Securities Depository & Clearing Corp. Daqin Railway Co. and
Anhui Tongdu Copper Stock Co. were among 15 stocks that surged
more than 20 percent this week.


Read more at Bloomberg Stocks News

JGB futures gain in evening trade after Fukui

(Reuters) - The lead contract closed the regular session at 131.30
, up 0.18 point on the day.




Read more at Reuters.com Bonds News

Sumitomo takes stake in Canadian metals company

(Reuters) - Augusta is currently conducting a feasibility study at the
Rosemont copper project about 50 km southeast of Tucson, Arizona,
which holds deposits of copper, silver and molybdenum -- a rare
metal typically used in car parts and consumer electronic
products.




Sumitomo, the third-biggest trading company in Japan, said in
a statement that it aims to build up a long-term partnership with
Augusta for the development of the Rosemont project.


Read more at Reuters.com Mergers News

Nigerian Intercontinental Bank raises $706 mln

(Reuters) - Nigeria's Intercontinental Bank Plc has raised 90 billion naira from a hugely oversubscribed public offering of shares, the bank said on Thursday.

The bank gave no explanation for the 9-month delay in announcing the results of the offering, comprising a rights issue and two public offers, which took place in September.


Read more at Reuters Africa