Kohlberg Kravis Earns Half as Much as Schwarzman's Blackstone Before IPO

(Bloomberg) -- Kohlberg Kravis Roberts & Co., whose
funds control companies with more than $100 billion in annual
revenue and 560,000 employees, earned half as much as its
largest competitor, Blackstone Group LP.

KKR, which announced plans this week to raise about $1.25
billion in an initial public offering, reported net income of
$1.1 billion in 2006, trailing Blackstone's $2.3 billion,
according to a filing with the U.S. Securities and Exchange
Commission.


Read more at Bloomberg Bonds News

Indonesia's Central Bank Cuts Policy Rate for 13th Time to Increase Growth

(Bloomberg) -- Indonesia's central bank cut its
policy interest rate for the 13th time since May last year to
accelerate economic growth after inflation eased.

Bank Indonesia Governor Burhanuddin Abdullah reduced the
rate used as a reference for bill sales by a quarter of a
percentage point to 8.25 percent, the lowest since the measure
was introduced in July 2005. Ten of 16 economists surveyed by
Bloomberg expected the move.


Read more at Bloomberg Emerging Markets News

Volvo Plans More China Acquisitions to Tap Demand for Trucks, Excavators

(Bloomberg) -- Volvo AB, the world's third-largest
construction-equipment maker, aims to make further acquisitions
in China as road-building and real-estate projects boost sales
of wheel loaders, excavators and trucks.

``Acquisitions are natural and the most effective way to
expand,'' Lansi Jiang, vice president of Volvo (China)
Investment Co., said in an interview in Shanghai yesterday.
Volvo bought a 70 percent stake in Shandong Lingong Construction
Machinery Co. for 327.5 million yuan ($43 million) in January.


Read more at Bloomberg Emerging Markets News

Philippine Bonds Gain as Inflation Slows; Peso Falls on Deficit Concerns

(Bloomberg) -- Philippine 10-year bonds rose after
the government said inflation slowed in June, reducing the
likelihood the central bank will raise interest rates.

``With the central bank signaling neutral to relax on its
policy rates, it generates interest among foreign investors to
come in and go back into the local fixed income market,'' said
Roland Avante, treasurer at Chinatrust (Philippines) Commercial
Bank in Manila.


Read more at Bloomberg Bonds News

TREASURIES-Fall in Asia as market returns from holiday

(Reuters) - The weekend attack on Glasgow airport and thwarted car
bombings in London had raised concerns about security on the
other side of the Atlantic.




Such worries sparked buying of safe-haven government bonds,
helping push 10-year Treasury yields to fall below 5 percent on
Monday for the first time since early June.


Read more at Reuters.com Bonds News

Japanese Shares Climb, Led by Sony, Sending Nikkei 225 to Seven-Year High

(Bloomberg) -- Japanese shares rose for a sixth day,
sending the Nikkei 225 Stock Average to it highest in seven
years. Sony Corp. led gains on speculation the yen's slump
against the dollar and euro boosted profits in the three months
ended June.

Retailers climbed, led by Seven & I Holdings Co., after
companies including Aeon Mall Co. reported higher income in the
first quarter.


Read more at Bloomberg Stocks News

Gold inches down, but supported by oil prices

(Reuters) - -- Activity was thin, carrying over a sluggish mood from the previous day as U.S. markets were closed for the Independence Day holiday.




-- Key Tokyo Commodity Exchange gold futures <0#JAU:> rose about 0.4 percent.


Read more at Reuters.com Hot Stocks News