AstraZeneca, Lawson Software, OMX, SAS and Svolder: Nordic Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in Nordic markets today. Symbols follow company names and prices
are from the close on May 25.

The Dow Jones Nordic 30 Index dropped 28.80, or 0.3 percent,
to 9013.84, as more than two shares retreated for every one that
advanced.


Read more at Bloomberg Stocks News

India's Rupee at Nine-Year High as Global Funds to Buy New Company Shares

(Bloomberg) -- India's rupee advanced to a nine-year
high, breaking 40.50 to the dollar for the first time since May
1998, on speculation overseas investors will buy stocks of local
companies offering shares in the coming weeks.

The currency rose for a second day as global funds bought
$3.7 billion more of Indian stocks than they sold this year as of
May 24, surpassing $2.9 billion of purchases in the same period
last year, according to data compiled by Bloomberg. DLF Ltd., a
New Delhi-based real-estate developer, plans to sell as much as
$2.4 billion of shares through an initial public offer starting
June 11.


Read more at Bloomberg Currencies News

Philippine Peso Gains on Growth Outlook; Benchmark 10-Year Bonds Advance

(Bloomberg) -- The Philippine peso rose on
speculation the government will say economic growth in the three
months ended March accelerated to the fastest in three quarters.
Government bonds rose.

President Gloria Arroyo, whose party is poised to win the
May 14 Lower-House elections according to exit polls, said last
week that the economy is stable and strong. The peso extended
seven weeks of gains before the central bank meets on interest
rates this week. Ten-year bond yields are at their lowest in
almost three months.


Read more at Bloomberg Bonds News

India Rupee Gains a Second Day on Speculatation Global Funds to Buy Shares

(Bloomberg) -- India's rupee advanced for a second
day on speculation overseas investors will buy equities as
companies including real-estate developer DLF Ltd., sell shares.

The currency traded near a nine-year high as global funds
bought $3.7 billion more of Indian stocks than they sold this
year as of May 24, surpassing $2.9 billion of purchases in the
same period last year, according to data compiled by Bloomberg.


Read more at Bloomberg Currencies News

Hong Kong's Export Growth Probably Accelerated on Increasing China Trade

(Bloomberg) -- Hong Kong's exports probably grew at
a faster pace in April as the city shipped more goods to and
from China.

Overseas sales rose 8.7 percent from a year earlier,
according to the median estimate of 13 economists surveyed by
Bloomberg News, after gaining 6.9 percent in March. The
government will release trade figures at 4:15 p.m. today.


Read more at Bloomberg Emerging Markets News

Bank of China Plans to Sell Yuan Bonds in Hong Kong, Enhancing City's Ties

(Bloomberg) -- Bank of China Ltd., the nation's
second-biggest lender, plans to sell as much as 3 billion yuan
($392 million) of bonds in Hong Kong in what may be the city's
first sale of Chinese currency bonds.

The debt will have a maturity of up to three years, the
Beijing-based lender said in a statement to the Shanghai Stock
Exchange today. The yuan has risen 5.8 percent in the past year
against the Hong Kong dollar.


Read more at Bloomberg Bonds News

Shanghai Copper Prices Rise by Maximum Limit on Falling Global Stockpiles

(Bloomberg) -- Shanghai copper prices rose by the
daily limit following a drop in global stockpiles of the metal
and signs of continued demand from China, the world's biggest
user of the metal.

Copper for August delivery on the Shanghai Futures Exchange
rose as much as 1,860 yuan, or 3 percent, to 63,650 yuan ($8,318)
a metric ton from the previous close by 9:15 a.m. local time.


Read more at Bloomberg Commodities News

Malaysia's Ringgit Little Changed Before Today's Interest-Rate Decision

(Bloomberg) -- The Malaysian ringgit was little
changed before a central bank meeting today that's forecast to
keep interest rates on hold. Bonds may drop before two debt
sales this week.

The local currency has risen 0.9 percent in the past month
as the finance ministry last week said its strength remains in
line with economic fundamentals. Bank Negara Malaysia said a
stronger ringgit has mitigated the impact of higher oil prices.


Read more at Bloomberg Currencies News

Dollar May Climb as Stronger Data Likely to Keep Fed From Cutting Rates

(Bloomberg) -- The dollar may gain on speculation
reports this week will show the world's biggest economy is
improving, making a Federal Reserve interest-rate cut less likely.

The U.S. currency last week reached a six-week high against
the euro and the strongest in three months versus the yen as
traders cut bets the Fed will reduce the cost of borrowing from
5.25 percent. Reports in the U.S. this week are likely to show
consumer confidence increased, employment growth accelerated and
home sales gained.


Read more at Bloomberg Currencies News

Ex-CEO Nacchio sues, seeks legal fees from Qwest

(Reuters) - The Denver Post previously reported that Qwest was balking
at paying for the legal fees.




Nacchio was found guilty in April of 19 counts of insider
trading, capping the last major trial in a spate of scandals
that tarnished corporate America over the last decade.


Read more at Reuters.com Bonds News

Dubai looking to crash Nasdaq OMX deal: paper

(Reuters) - DIFC Governor Omar bin Suleiman told Reuters on Thursday it
was not considering making a bid for OMX.




DIFC could not be reached for comment on Sunday.


Read more at Reuters.com Mergers News

Iran plans outside fund to skirt sanctions

(Reuters) - Iran is planning an investment fund outside the Islamic Republic to raise finance for its huge South Pars gas field and circumvent a financial squeeze by Washington, a top Iranian energy official said on Sunday.

As the United States pushes for tighter U.N. sanctions on Iran over its atomic work, Akbar Torkan, head of the Pars Oil and Gas Company, said Tehran would base the fund in Bahrain or Dubai, both regional financial centres.


Read more at Reuters Africa

UPDATE 1-S.Africa's Standard Bank gets $1.3 bln loan

(Reuters) - The five-year facility was priced at a margin of 25 basis
points above Libor and is the largest club styled term loan
concluded for Standard Bank, the bank said in a statement.




The funds would be used to support infrastructure
developments in South Africa, an increase in corporate credit
demand and continued growth in the retail market, it said.
The mandated lead arrangers include Bank of America, Bank of
China Limited and Bayern LB.


Read more at Reuters.com Bonds News