Singapore's Venture Seeks S$600 Million Loan for GES Purchase, Bankers Say

(Bloomberg) -- Venture Corp., Singapore's biggest
maker of customized electronics, plans to borrow S$600 million
($396 million) to refinance debt used to acquire GES
International Ltd., two bankers involved in the deal said.

The company hired Citigroup Inc. and DBS Group Holdings Ltd.
to replace a short-term loan with a three-year financing, the
bankers said, asking not to be identified because the
information is private.


Read more at Bloomberg Bonds News

Bernanke's Forecast of Stronger Growth May Be Threatened by Market Tumult

(Bloomberg) -- The week's turmoil in financial
markets casts doubt on the Federal Reserve's forecast of a
gradual U.S. economic recovery in the second half, raising the
odds it will need to shift its focus to spurring growth from
fighting inflation.

The turbulence, as stocks suffered their worst drop in five
months while corporate borrowing costs soared, threatens a
triple whammy for the economy. It robs investors of spending
power, makes business investment more expensive and may prolong
the housing recession.


Read more at Bloomberg Stocks News

Oil holds firm above $75, eyes tight global supply

(Reuters) - London Brent crude gained 41 cents to $75.59 a barrel by 0340 GMT, after ending $1.14 lower on Thursday. U.S. crude rose 43 cents to $75.38, after a loss of 93 cents the previous day, when it rallied more than $1 midsession to trade at a premium to Brent.




Traders saw an opportunity to buy after Thursday's dip, felt across commodity markets, which came as weak U.S. housing data revived worries about the economy of the world's biggest oil consumer and sparked a flight from risky assets.


Read more at Reuters.com Hot Stocks News

Poly Plans $2.56 Billion Share Sale to Finance Construction of China Homes

(Bloomberg) -- Poly Real Estate Group Co., China's
third-largest developer by market value, plans to raise as much
as 19.4 billion yuan ($2.56 billion) by selling new shares to
fund the construction of homes in Beijing, Guangzhou and Shanghai.

The offering comprises as many as 350 million yuan-
denominated shares for trading in Shanghai at 55.48 yuan each,
the company, based in Guangzhou, south China, said in a statement
to the city's stock exchange today. That's an 11 percent discount
to the stock's closing price of 62.37 yuan yesterday.


Read more at Bloomberg Emerging Markets News

Treasuries Rise as Slide in Global Stocks Spurs Investors to Reduce Risk

(Bloomberg) -- U.S. Treasuries rose for a fourth
day as investors sold stocks and corporate bonds and sought the
relative safety of government debt.

Ten-year securities headed for a third weekly gain as Asian
stock markets slid the most in four months, extending a rout in
global equities. Japan's Nikkei 225 Stock Average slumped 2.3
percent on speculation a worsening U.S. housing slump will slow
growth in the world's biggest economy.


Read more at Bloomberg Bonds News

UPDATE 1-Banco Azteca gets preliminary nod to open in Brazil

(Reuters) - Banco Azteca has grown rapidly since it was launched by
Elektra in 2002 to offer loans and other services
to working class Mexicans.




The bank doles out credit to customers who want to buy
products in Elektra stores and also takes deposits and handles
dollar remittances sent home by Latinos working in the United
States.


Read more at Reuters.com Market News

Emerging-Market Bonds Fall as Argentina and Venezuela Post Biggest Losses

(Bloomberg) -- Emerging-market bonds declined,
pushing yields over U.S. Treasuries to the widest in more than a
year, as investors reduced holdings of riskier securities.

Developing nation debt has declined for five days as growing
losses in so-called collateralized debt obligations backed by
subprime mortgages trigger risk aversion. Argentine and
Venezuelan bonds, among the riskiest in emerging markets, led
losses.


Read more at Bloomberg Emerging Markets News