Argentina, Brazil and Mexico: Latin America Local Currrency Bond Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Latin American local bonds
today. Bond yields are from the previous session.

Argentina: Industrial output rose 5 percent in June from a
year earlier, the National Statistics Institute reported on July
20. The annual increase was lower than the 5.4 percent median
estimate of 10 economists in a Bloomberg survey.


Read more at Bloomberg Bonds News

EU agency calls for withdrawal of hot flushes drug

(Reuters) - The agency looked in depth at the product after veralipride
was withdrawn from the Spanish market in 2005 because of reports
of serious side effects affecting the nervous system.




The drug is associated with side effects, including
depression, anxiety and tardive dyskinesia -- a movement
disorder which may be long-lasting or irreversible -- both
during and after treatment, the European drugs watchdog said.


Read more at Reuters.com Government Filings News

Cerberus to buy United Rentals for $4 bln -report

(Reuters) - Its shares closed on Friday at $32.37.




Read more at Reuters.com Mergers News

U.K. Stocks Rebound, Paced by Prudential, Resolution; Barclays Advances

(Bloomberg) -- U.K. stocks climbed, rebounding from
last week's decline, led by Friends Provident Plc after Resolution
Plc said its in ``advanced'' talks to merge with the insurer.

Prudential Plc and Legal & General Group Plc paced the gains
after UBS AG recommended investors buy the shares. Barclays Plc
rose after the bank increased its offer for ABN Amro Holding NV.


Read more at Bloomberg Stocks News

Italy's S&P/MIB Index Rises , Paced by UniCredit; Impregilo Shares Gain

(Bloomberg) -- Italy's S&P/MIB Index rebounded from
its largest one-day drop in two months. UniCredit SpA and
Impregilo SpA paced the advance.

The S&P/MIB Index added 135, or 0.3 percent, to 41,608 at
9:11 a.m. in Milan as 28 stocks rose, 11 fell and one was
unchanged. Futures expiring in September climbed 88, or 0.2
percent, to 41,875.


Read more at Bloomberg Stocks News

OPEC concerned oil price may hurt global economy

(Reuters) - OPEC is concerned about the potential impact of the near-record price of oil on the world's economy but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.

The Organization of the Petroleum Exporting Countries stands ready to pump more oil if needed, but it is not clear whether the group will need to boost output before the end of the year, said OPEC President and United Arab Emirates Energy Minister Mohammed al-Hamli.


Read more at Reuters Africa

Barclays Raises ABN Offer to $93.4 Billion With China, Singapore Funding

(Bloomberg) -- Barclays Plc, vying to buy ABN Amro
Holding NV in the biggest banking takeover, raised its offer to
67.5 billion euros ($93.4 billion) after securing investments
from the governments of China and Singapore.

Barclays's revised bid is worth 35.73 euros a share and
includes 37 percent cash, the London-based company said today,
4.3 percent more than its previous offer. The bid remains lower
than the 38.40 euro-a-share offer made last week by a trio of
banks led by Royal Bank of Scotland Group Plc.


Read more at Bloomberg Emerging Markets News