Brasil Telecom, Edelnor, ICA, Petrobras May Move: Latin Equity Preview

(Bloomberg) -- The following stocks may make
significant gains or losses in Latin American markets
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.


Read more at Bloomberg Stocks News

China Names New Head for Agricultural Bank, Signaling Progress on Bailout

(Bloomberg) -- China appointed central bank Deputy
Governor Xiang Junbo as president of Agricultural Bank of China
to lead the overhaul and public share sale of a lender with $99
billion of bad debt.

Xiang, 50, replaces Yang Mingsheng, Beijing-based
Agricultural Bank said. Yang, a 27-year veteran of the bank, was
nominated by the State Council as vice chairman of China's
insurance regulator.


Read more at Bloomberg Emerging Markets News

UPDATE 1-Pioneer sees recovery delay, cross-shareholdings

(Reuters) - TOKYO, July 6 - Pioneer Corp. said it
expects a one-year delay in hitting its mid-term profit target
and that the electronics maker may step up cross-shareholdings
with financial institutions to fend off hostile takeover bids.




Pioneer President Tamihiko Sudo also said in an interview
with Reuters that the company will decide whether to build a new
plasma panel plant by October 2007. The new plant, if built,
would start commercial production by early 2009.


Read more at Reuters.com Mergers News

Fosun Raises $1.5 Billion in Share Sale That Drew Alwaleed, People Say

(Bloomberg) -- Fosun International Ltd., China's
biggest diversified company outside state control, raised
HK$11.54 billion ($1.5 billion) in an initial public offering
after investors ordered more than 200 times the stock on offer,
people with knowledge of the matter said.

The company, with businesses from steel to pharmaceuticals,
sold 1.25 billion shares at HK$9.23 apiece, the top of the
marketed price range, said the two people, who declined to be
identified as the information isn't public. The sale represents
a 20 percent stake in the Shanghai-based firm.


Read more at Bloomberg Emerging Markets News

Euro 'Double Top' May Prompt Slide to $1.3430, Tokyo Forex's Ishikawa Says

(Bloomberg) -- The euro may fall to $1.3430 against
the dollar, said Masanobu Ishikawa, general manager of foreign
exchange at Tokyo Forex & Ueda Harlow Ltd., citing charts that
some traders use to predict currency movements.

The single European currency's advance to $1.3659 yesterday
formed a so-called double-top formation, with the previous peak
an all-time high of $1.3681 on April 27. The pattern indicates a
currency may decline, triggering a slide in the euro to $1.3430
in one week, Ishikawa said.


Read more at Bloomberg Currencies News

China Glass, Deutsche Telekom, Japan Tobacco, Neo-China: Asia Bond Alert

(Bloomberg) -- The following is a list of bond sales
in Asia expected in the coming days and weeks.

Investment Grade


Read more at Bloomberg Bonds News

UPDATE 6-Advanced Medical bids for Bausch & Lomb - sources

(Reuters) - PHILADELPHIA, July 5 - Advanced Medical Optics
Inc. has offered to buy larger eye-care company Bausch
& Lomb Inc. for $4.23 billion, topping a rival offer of
$3.67 billion from private equity firm Warburg Pincus ,
the two companies said on Thursday.




Advanced Medical's offer is valued at $75 a share, of which
$45 is in cash and $30 in stock, the companies said. That offer
compares with a $65 a share offer made by Warburg Pincus in
May. Bausch & Lomb's takeover agreement from Warburg Pincus
allowed it to solicit other bids for 50 days.


Read more at Reuters.com Bonds News