Australian Dollar Advances to 16-Year High Versus Yen on Yield Advantage

(Bloomberg) -- The Australian dollar rose to a 16-
year high against the yen on speculation stronger global growth
will give investors confidence to buy higher-yielding currencies
with funds borrowed in Japan, in so-called carry trades.

The local dollar is the second-biggest gainer versus the
yen in the past 12 months among the 16 most-traded currencies as
investors are attracted to Australia's 6.25 percent interest
rate, which compares with 0.5 percent in Japan. The currency
rose for a fourth day versus the yen after a U.S. non-farm
payrolls report on July 6 increased faster than expected,
suggesting global economic growth is strengthening.


Read more at Bloomberg Currencies 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.


Read more at Bloomberg Stocks News

FACTBOX-A few facts on Boeing's 787 Dreamliner

(Reuters) - It is Boeing's most successful plane launch ever, with more than 600 orders before the plane has even left the ground. Here are a few facts on the 787:




* WHAT'S NEW:


Read more at Reuters.com Business News

Libya launches gas licencing round for 41 blocks

(Reuters) - Libya's National Oil Corporation (NOC) launched on Sunday a licencing round to award foreign energy companies gas exploration licences involving 41 contracts, it said in a statement.

All companies and/or consortia interested in taking part in the bidding process shall be required to apply to the NOC, with certain qualification documents, no later than August 22, 2007, it added.


Read more at Reuters Africa

"Losers club" sought to derail India deal-Vodafone

(Reuters) - Arun Sarin, the chief executive of global wireless operator
Vodafone Group Plc , called for greater transparency in
India's merger approval process to defeat backroom efforts by
vested interests to manipulate India's political bureaucracy.




"I really did not expect people -- the 'good and great' of
India -- to be calling cabinet secretaries, ministers, to say,
'You have to unwind this deal, because we want a piece of it,'"
Sarin told a conference of Indian business and academic leaders
taking place in Silicon Valley this weekend.


Read more at Reuters.com Government Filings News

More arrested for defying Zimbabwe price freeze

(Reuters) - Zimbabwe police arrested 17 more business executives for defying an official price freeze, as the ruling party endorsed the government's tough stance on businesses, state media reported on Saturday.

President Robert Mugabe's government last week ordered prices of basic goods and services slashed by half and deployed a crack enforcement unit, which has arrested more than 200 business people for breaching the price controls.


Read more at Reuters Africa

European Shares Climb for Second Week, Paced by Commodities; Accor Rises

(Bloomberg) -- European stocks rose for a second
week after a rally in commodity prices sent indexes of mining
and oil companies to records. Antofagasta Plc and Total SA paced
the advance.

Accor SA, Europe's largest hotel chain, led travel and
leisure shares higher after Hilton Hotels Corp. agreed to be
bought for $20 billion. Phone companies and utilities limited
gains in the region on concern central banks will continue to
lift interest rates.


Read more at Bloomberg Stocks News