Taiyo Fund ups stake in Japan's Miraca Holdings

(Reuters) - The Taiyo Fund was organized in July 2003 with an initial
equity investment of $200 million by CalPERS, the California
Public Employees Retirement System.




The fund currently manages over $1.2 billion of assets and
is co-managed by Taiyo Pacific Partners LP and by WL Ross &
Co.


Read more at Reuters.com Mergers News

BHP, Macquarie Airports, Futuris, Rio, Woodside: Australian Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may rise or fall in Australia. This preview includes
news announced after markets closed on Friday. Prices are from
Friday's close unless otherwise stated. Stock symbols are in
brackets after the company names.

The S&P/ASX 200 Index futures contract due in June rose 0.6
percent to 6328 at 6:59 a.m. in Sydney. The Bank of New York
Australia ADR Index added 0.7 percent in New York.


Read more at Bloomberg Stocks News

RPT-AIRSHOW-Boeing shifts green pressure onto engine makers

(Reuters) - PARIS, June 17 - The head of Boeing Co.'s
commercial aircraft unit on Sunday backed a call by rival
Airbus to work closely on producing more environmentally
friendly planes, but said real progress was the responsibility
of jet engine makers, rather than plane builders.




"The questions you ask are more appropriately addressed by
the engine guys than the airframe guys," the chief executive of
Boeing's commercial plane unit said, when pressed on green
issues at a briefing with reporters in Paris on Sunday. "We're
pushing the engine guys as hard as anyone else."


Read more at Reuters.com Bonds News

RPT-Bay Street Week Ahead-Rising C$ puts squeeze on big oil

(Reuters) - CALGARY, Alberta, June 17 - Spurred on by rising
crude prices, the shares of Canada's oil producers have posted
big gains in recent months as investors anticipate higher
earnings for the sector.




But that market strength may moderate as a rising Canadian
dollar eats into the profits.


Read more at Reuters.com Market News

South Korea says U.S. wants revisions to FTA pact

(Reuters) - Many U.S. lawmakers from auto producing states charged the agreement would give South Korea a one-sided advantage to export more cars to the United States.




Seoul's foreign ministry said in a statement released late on Saturday that the U.S. Trade Representative's office hoped to have additional discussion next week over the proposals.


Read more at Reuters.com Business News

Bush blasts Democrats over budget spending

(Reuters) - Democrats who now control the Senate and the House of Representatives are crafting a dozen bills for more than $900 billion in government spending to fund items ranging from the space program and education to foreign aid and defense.




"I will use my veto to stop tax increases and runaway spending that threaten the strength of our economy and the prosperity of our people," Bush said in his weekly radio address. He was spending the weekend at his Texas ranch.


Read more at Reuters.com Bonds News

Pound Gains for First Week in Three Amid Speculation U.K. Rates Will Climb

(Bloomberg) -- The pound gained for the first week
in three on speculation the Bank of England will need to keep
raising interest rates to slow the economy.

BOE Governor Mervyn King this week said the bank ``may need
to take further action'' to contain inflation, a week after it
boosted the main lending rate to a six-year high. Monetary Policy
Committee member Paul Tucker said in a speech yesterday a pickup
in money growth is an ``amber light'' for future inflation.


Read more at Bloomberg Currencies News