Shanghai copper up 0.7 pct with LME, strikes eyed

(Reuters) - Shanghai copper rose 0.7 percent on Wednesday in tandem with an early pick-up in London prices as investors watched to see how a series of strike threats played out.

The most-active September copper contract on the Shanghai Futures Exchange rose to 64,950 yuan a tonne at 0227 GMT, from 64,480 yuan on Monday, while copper for delivery in three months on the London Metal Exchange gained $45 to $7,475.


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UPDATE 1-Swiss EFG buys Canada's Bull Wealth Management

(Reuters) - Bull manages some 1.5 billion Swiss francs
worth of assets for family offices, high net-worth individuals
and institutional investors, EFG said.




No financial details of the deal were disclosed.


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CORRECTED - Markets may spoil wealth management party - survey

(Reuters) - A boost in equity markets, which form the main source of
income for wealth managers, was one key reason for the sector to
thrive, said Scorpio Partnership, which undertook the survey, as
well as new money put in by rich clients.




"There is a feeling that there is easy money to make at the
moment, but our research shows that long-term successes are only
built on sensible strategies," the London-based consultancy
group said in a statement on Wednesday.


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Vietnam's Government Plans More Foreign-Currency Bond Sales, Triet Says

(Bloomberg) -- Vietnam's government plans more sales
of foreign currency-denominated debt, according to the president
of the Southeast Asian nation, which wants to increase financing
to help attract more technology-related investment.

The Vietnamese government sold its first foreign currency-
denominated bond in 2005, raising $750 million in an offering
where demand exceeded supply by more than six times. The Ministry
of Finance said last month a second sale, to be conducted by
September, is expected to raise $1 billion.


Read more at Bloomberg Bonds News

Home Depot Jumps; Darden Restaurants Retreats: U.S. After-Hours Trading

(Bloomberg) -- Home Depot Inc. rose in extended
U.S. trading after the world's largest home-improvement retailer
agreed to sell its contractor-supplies unit to three buyout
firms and said it may purchase a record $22.5 billion of stock.

Shares of the Atlanta-based company gained $2.43, or 6.3
percent, to $40.70 at 5:51 p.m. in New York. Bain Capital
Partners, Carlyle Group and Clayton, Dubilier & Rice will pay
$10.3 billion for HD Supply, which sells tools and lumber to
construction companies. The buyback amounts to 30 percent of the
Home Depot's outstanding shares.


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TREASURIES-Sideways drift as some take profits

(Reuters) - Benchmark 10-year yields had pulled back more than 20 basis
points from a five-year high above 5.30 percent, and some
investors thought Treasuries had reached a near-term top and took
profits.




"It looks difficult for 10-year yields to fall below 5.0
percent right away as investors hesitate to chase further
buying," a dealer at U.S. investment bank said. "We see more
selling of bonds to take profits now."


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JGB futures rise on weak data, Treasury rally

(Reuters) - A rally in U.S. Treasuries the previous day also encouraged
investors to buy JGBs.




The business survey index on sentiment at large
Japanese manufacturers in the April-June quarter fell to minus
2.2 from plus 0.1 in the previous quarter, indicating big
manufacturers were less confident about business conditions.


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