Ford to invest 675 mln euros in Romania carmaker

(Reuters) - "If the Ford bid is successful, the company would commit to investing 675 million euros in the site to upgrade and modernize the plant in line with global Ford Motor Company standards," Ford said in a statement.




Ford's strategy for the Craiova-based plant was discussed on Monday at meetings between Romania Prime Minister Calin Tariceanu and Ford of Europe President and CEO John Fleming.


Read more at Reuters.com Mergers News

U.K. Pound Rises to 26-Year High Versus Dollar on Outlook for BOE Rates

(Bloomberg) -- The pound rose to a 26-year high
against the dollar on speculation the Bank of England will keep
raising interest rates while the Federal Reserve stays on hold.

The U.K.'s currency gained for a second day before a
government report tomorrow that's forecast to show that
inflation has exceeded the BOE's 2 percent target for 14 months.
The pound last week had its biggest gain in three weeks against
the dollar on speculation a slump in the U.S. subprime mortgage
market will curb growth in the world's biggest economy.


Read more at Bloomberg Currencies News

Canadian Stocks Fall as Gas and Copper Prices Slip; Encana, Cameco Slide

(Bloomberg) -- Canadian stocks fell after natural gas
and copper prices dropped, pushing the shares of energy and raw
material producers lower.

EnCana Corp., Canada's largest natural-gas producer, dropped
1.4 percent to C$66.34, the first decline in four days. Canadian
Natural Resources Ltd., Canada's second-largest gas producer, fell
1.5 percent to C$73.05.


Read more at Bloomberg Stocks News

Nymex Gas Plunges as Mild Weather to Reduce Demand From U.S. Power Plants

(Bloomberg) -- Natural gas futures slumped in New
York on forecasts for below-normal temperatures for the Midwest
and Northeast later this week, reducing demand for electricity to
run air conditioners.

``It's Mother Nature's market,'' said Eric Wittenauer, an
energy analyst at A.G. Edwards & Sons Inc. in St. Louis. ``It's a
temperature-sensitive market that isn't finding any underlying
support.''


Read more at Bloomberg Energy News

European Bank Stocks Advance, Led By ABN Amro; Saipem, Technip Decline

(Bloomberg) -- European bank stocks rose, led by ABN
Amro Holding NV after Royal Bank of Scotland Group Plc sweetened
its 71.1 billion-euro ($98.1 billion) offer for the Dutch lender.

ABN Amro jumped the most in three months. Oil-services
companies paced declines in energy shares after UBS AG cut its
recommendations on Saipem SpA and Technip SA following their
``strong performance.'' BT Group Plc, the U.K.'s largest phone
company, and drugmaker GlaxoSmithKline Plc climbed after
brokerages lifted their recommendations on the shares.


Read more at Bloomberg Stocks News

Mosaid to sell semiconductor IP assets to Synopsys

(Reuters) - The deal is expected to close in August 2007, with the
payment subject to a $2 million holdback for one year, the
company said in a statement.





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RPT-PREVIEW-Bernanke to stress price worries before Congress

(Reuters) - * When: July 18, 10 a.m. EDT before House panel




July 19, 9:30 a.m. EDT before Senate
panel


Read more at Reuters.com Bonds News