Harmony expects Q4 headline loss between 130-160 cts

(Reuters) - South African gold miner Harmony Gold expects to report headline loss per share of between 130-160 cents per share for the June 2007 quarter, the firm said in a statement on Monday.

Harmony, the world's fifth-biggest gold producer, said it expected to report headline profit of between 20-30 cents per share for the 2007 financial year, compared with a headline loss of 269 cents.


Read more at Reuters Africa

UPDATE 1-Spain's Abengoa buys Brazil's Dedini Agro

(Reuters) - Abengoa made the announcement in a statement to the Spanish
stock market regulator. Dedini Agro grows and processes
sugarcane in Brazil for the production, sale and export of
ethanol and refined sugar.




In a presentation after the announcement, the company
said the acquisition would boost net profit by $2.2 million this
year, by $6.1 million in 2008 and by $46 million in 2015.


Read more at Reuters.com Mergers News

Infineon to cut Qimonda stake to minority by 2009

(Reuters) - By Georgina Prodhan, European Technology Correspondent



FRANKFURT, Aug 6 - German chipmaker Infineon aims to reduce its stake in memory chip unit Qimonda to "significantly below 50 percent" by 2009, if necessary by giving away Qimonda shares to its own shareholders.


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Europe shares down by midday; credit outweighs M&A

(Reuters) - European shares traded down by midday on Monday, led by financial stocks as they bore the brunt of concerns over credit markets and by oil shares, which tracked a fall in crude.

At 1035 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent, heading for its eighth day of losses in the last 10 sessions and off 7.7 percent from a 6-1/2 year high of 1,635.58 on July 13.


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U.S. Treasuries Decline on Concern Yields Declined Too Far, Too Fast

(Bloomberg) -- Treasuries fell on speculation yields
near the lowest in three months overstate concern that the
weakness in the U.S. subprime mortgage market will spread.

The 10-year note yield rose 2 basis points to 4.7 percent at
7:28 a.m. in New York, according to bond broker Cantor Fitzgerald
LP. The price of 4 1/2 percent notes due May 2017 fell 1/8, or
$1.25 cents per $1,000 face amount, at 98 14/32.


Read more at Bloomberg Bonds News

UPDATE 1-Brazil's Bradesco posts bigger profit in 1st half

(Reuters) - Bradesco, which is based in Sao Paulo, did not immediately
report a breakdown of its second-quarter earnings. The bank
previously reported a net profit of 1.705 billion reais in the
first quarter.




In a statement to Brazil's securities regulator, Bradesco
said its credit portfolio had reached 130.82 billion reais at
the end of June, up 23 percent from a year ago.


Read more at Reuters.com Market News

Swedish Krona Gains on Signs Growth Is Quickening, Interest Rate Outlook

(Bloomberg) -- Sweden's krona rose on expectations
faster economic growth and further interest-rate increases will
make the Nordic currency more attractive to investors.

The Stockholm-based Riksbank, Sweden's central bank, said in
June it will probably lift its benchmark rate twice more this
year bringing it to 4 percent. Gross domestic product growth
quickened to an annual 3.6 percent in the second quarter from 3
percent in the first, the statistics office said last week.


Read more at Bloomberg Currencies News