European Bonds Gain for Second Day; 10-Year Yield Declines to 4.20 Percent

(Bloomberg) -- European 10-year government bonds advanced for a second day in London.

The yield on the benchmark 10-year German bund fell 1 basis point to 4.20 by 8:05 a.m. in London.


Read more at Bloomberg Bonds News

Thailand's 10-Year Bond Yields Hold Near 3 1/2-Year Low; Baht Strengthens

(Bloomberg) -- Thailand's 10-year bond yields held near the lowest in 3 1/2 years on speculation a government report tomorrow will show inflation slowed, allowing the central bank to keep lowering interest rates. The baht advanced.

The yield on 10-year notes has dropped more than a quarter of a percentage point since the central bank cut borrowing costs for a third time this year on April 11. Thailand's bonds are heading for their fourth monthly gain, handing investors a return of 8.4 percent this year, the best performer of 10 Asian debt markets tracked by HSBC Holdings Plc.


Read more at Bloomberg Bonds News

Citi, Lehman lead race for India's IFCI stake: paper

(Reuters) - "Offers made by Citi and Lehman are more attractive than others. A decision over the stake sale is expected by the month-end," the newspaper quoted an unnamed investment banker, who it said was directly involved in the deal.

A Citigroup spokesman could not comment immediately, while officials at Lehman and IFCI could not be reached.


Read more at Reuters.com Business News

ICICI Shares Slump on Concern India's Biggest Stock Sale May Erode Returns

(Bloomberg) -- Shares of ICICI Bank Ltd., India's biggest by market value, may fall on concern a planned 200 billion rupee ($4.9 billion) stock sale will reduce returns for investors as profit growth slows.

ICICI plans to sell the equivalent of 20 percent of its equity locally and overseas in June, the biggest stock sale by an Indian company, the Mumbai-based bank said on April 28. The bank reported fourth-quarter profit that missed analysts' estimates because it set aside more funds to cover loans.


Read more at Bloomberg Emerging Markets News

China Stocks Climb, Set for Record Month; China Vanke Advances on Earnings

(Bloomberg) -- China's stocks advanced, set to complete a record monthly gain, after Hainan Airlines Co. and Anhui Conch Cement Co. reported higher earnings and JPMorgan Chase & Co. raised its economic growth forecast for the nation.

The benchmark CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, rose 52.27, or 1.5 percent, to 3522.79 at the 11:30 a.m. local-time break. It's up 27 percent since March 30, headed for the biggest monthly increase since the benchmark was introduced in April 2005.


Read more at Bloomberg Stocks News

Coca-Cola Femsa, Suzano Papel & Celulose: Latin American Equity Preview

(Bloomberg) -- The following stocks may make significant gains or losses in Brazil and Mexico today. Symbols are in parentheses after the company name, and stock prices are from the last session. In Brazil, preferred shares are the most commonly traded class of stock.

Brazil


Read more at Bloomberg Stocks News

Uranium Explorers Gain After Opposition Labor Party Ends Ban on New Mines

(Bloomberg) -- Australian uranium stocks surged after the nation's opposition Labor Party ended a 25-year ban on new mining of the radioactive mineral.

Shares in Perth-based Deep Yellow Ltd., which is seeking the uranium in Namibia as well as four Australian states and territories, gained as much as 13 percent. Eromanga Uranium Ltd., with projects in South Australia and Western Australia, rose 11 percent.


Read more at Bloomberg Energy News