UPDATE 1-Arcelor Mittal sees robust H2 for flat products

(Reuters) - It also said it would maintain its current pricing structure
for flat products in Europe for the third quarter.




Arcelor Mittal said that despite strong economic growth in
Western Europe and a buoyant steel market in Eastern Europe, it
did not intend to increase prices.


Read more at Reuters.com Mergers News

Blackstone, Hexcel, JMP Group, Sanmina-SCI, Celsion: U.S. Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in U.S. exchanges
today. This preview includes news that broke after exchanges
closed yesterday. Stock symbols are in parentheses after company
names.

Blackstone Group LP (BX US): The manager of the world's
second-largest buyout fund raised $4.13 billion in the largest
U.S. initial public offering since 2002. Sale of the
133.3 million shares for $31 each gives investors a 12.3 percent
stake in the New York-based firm and values Blackstone at
$33.5 billion.


Read more at Bloomberg Stocks News

CHRONOLOGY-Lone Star sells stake in S.Korea's KEB

(Reuters) - Here is a chronology of events since Lone Star bought a
50.5 percent stake in KEB for $1.2 billion in
August 2003:




- Feb. 28, 2004: KEB absorbs KEB Credit Service Co. Ltd.
Prosecutors will later charge Lone Star of manipulating the
stock price of the card unit to lower the price.


Read more at Reuters.com Mergers News

ADM considering offer for Brazil's Cosan-WSJ

(Reuters) - The company has not ruled out an outright purchase of Cosan
, Brazil's largest sugar and ethanol producer, Mills
told the Journal, without specifying how much ADM is willing to
invest. The company could use Brazil as a production base for
exports to the United States, according to the Journal.




An ADM spokesman in Decatur, Illinois was not immediately
available to comment.


Read more at Reuters.com Mergers News

UPDATE 2-US Senate drops tax package, boosts auto fuel rules

(Reuters) - WASHINGTON, June 21 - The U.S. Senate passed an
energy bill on Thursday that would raise the country's
automobile fuel efficiency standards for the first time in 30
years.




But the Senate dropped $32 billion in clean-energy
incentives after Republicans objected to about $29 billion in
extra taxes on big U.S. oil companies.


Read more at Reuters.com Bonds News

South Korean Equities Slide; Korea Exchange Bank Declines on Share Sale

(Bloomberg) -- South Korean stocks fell. Korea
Exchange Bank dropped the most in four months after controlling
shareholder Lone Star Funds sold a 13.6 percent stake, raising
concern the value of mergers and acquisitions involving the
lender will shrink.

Kookmin Bank, which had planned to buy Korea Exchange before
Lone Star shelved the deal last year, also slid.


Read more at Bloomberg Stocks News

Altria's Unit in Indonesia to Market Clove-Flavored Marlboro, People Say

(Bloomberg) -- PT H.M. Sampoerna, the Indonesian
unit of the world's largest tobacco company, will begin selling
clove-flavored cigarettes under the Marlboro brand name, two
people with knowledge of the plan said.

The subsidiary of Altria Group Inc. will start selling
filtered Marlboro Mix 9 from July 9, its first new brand in 18
years, said the people, who declined to be identified before an
announcement next week. Clove-flavored cigarettes, known as
kretek, dominate the market in the Southeast Asian nation, the
world's fifth-largest tobacco market.


Read more at Bloomberg Emerging Markets News

Brand holders wheel and deal at Licensing Show

(Reuters) - Meanwhile, video game maker Nintendo Co. hopes the Super Mario Brothers franchise still carries enough cache from its 1980s heyday to sell sneakers and candy. And NASCAR looks to have its fans buzzing with bottled wine bearing its name, which stands for the National Association for Stock Car Auto Racing.




More than 23,000 retailers, brand owners and manufactures invaded the Jacob K. Javits Center in search of the next big thing in an event tailor-made for deal closings that will bring licensed product to market in 2008 and beyond.


Read more at Reuters.com Business News

U.S. 10-Year Notes Fall, Head for Seventh Weekly Drop, on Growth Outlook

(Bloomberg) -- U.S. 10-year notes fell, headed for
their seventh weekly decline, as reports showed economic growth
picked up in the second quarter.

Yields, which move inversely to prices, climbed more than
half a percentage point since May 4 as traders gave up bets for
the Federal Reserve to cut interest rates this year. Two-year
notes were poised to have a weekly gain after investors sought
the relative safety of shorter-maturity notes on concern losses
at hedge funds run by Bear Stearns Cos. will increase.


Read more at Bloomberg Bonds News

Taiwan Dollar to Advance After Interest Rate Increase, RBS, ABN Amro Say

(Bloomberg) -- Taiwan's dollar may climb after the
central bank yesterday raised its benchmark interest rate by 25
basis points, twice as much as expected, said Royal Bank of
Scotland Plc and ABN Amro Bank NV.

The increase in the discount rate on 10-day loans to 3.125
percent may deter speculators from borrowing and selling the
currency to invest in higher-yielding assets in so-called carry
trades. Ten of 11 economists surveyed by Bloomberg News expected
an increase of only an eighth of a point.


Read more at Bloomberg Currencies News

Japanese Yen, Indian Rupee, China Yuan, Rupiah: Asian Currencies Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.


Read more at Bloomberg Currencies News

Dollar Financial to offer $175 mln senior convertible notes

(Reuters) - It also granted to the initial purchasers an option to buy
up to an additional $25 million aggregate principal amount of
the notes to cover over-allotments, if any.





Read more at Reuters.com Bonds News

CBOT suitors sweeten sweet talk ahead of July vote

(Reuters) - The Chicago Mercantile Exchange, the largest U.S. futures
mart, and the Atlanta-based energy exchange
IntercontinentalExchange, began angling for the CBOT in March
with ICE's hostile bid for the No. 2 U.S. futures exchange.




On July 9, CBOT shareholders will decide whether to accept
the CME's bid, worth roughly $10.2 billion based on current
share values, about $1.3 billion below the ICE bid.


Read more at Reuters.com Mergers News

UPDATE 1-Jabil profit falls but tops expectations

(Reuters) - Net income for Jabil's third quarter ended May 31 was $6.2
million, or 3 cents per share, compared to $64.2 million, or 30
cents per share, a year earlier. Revenue was $3 billion, up
nearly 16 percent from a year earlier.




Excluding $19.4 million in restructuring and impairment
charges and $14.2 million in stock-based compensation, Jabil
said it earned $47.4 million, or 23 cents per share.


Read more at Reuters.com Market News

Emerging debt-Prices fall for 2nd day on Treasuries, subprime

(Reuters) - Overall emerging market returns fell 0.49 percent on the
benchmark JP Morgan's EMBI+ index , while the benchmark
Brazilian bond due 2040 plunged half a point to
be bid 131.125.




Investors fretted about the impact of a declining housing
market in the U.S. economy after two hedge funds managed by
Bear Stearns lost billions of dollars from bad bets on
securities backed by subprime mortgages.


Read more at Reuters.com Bonds News

Brookstreet Securities says may liquidate

(Reuters) - Julie Mains, chief compliance officer, confirmed the
contents of the e-mail.




"We were in capital violation as of yesterday," said Mains
in an interview. She said the NASD told the firm it could only
sell securities and not make buy orders on behalf of clients."


Read more at Reuters.com Mergers News

U.S. Stocks Rise on Easing Mortgage Concern, Economic Outlook; AMD Gains

(Bloomberg) -- U.S. stocks rebounded from their
worst day in two weeks after Merrill Lynch & Co. assuaged
concern of a looming credit crisis and the latest government
report on the economy showed growth is accelerating.

Advanced Micro Devices Inc., the second-largest maker of
personal-computer processors, and Nvidia Corp., a producer of
graphics chips, posted the biggest gains in the Standard &
Poor's 500 Index. Exxon Mobil Corp. climbed the most in the Dow
Jones Industrial Average, fueling a rally in oil and gas company
shares.


Read more at Bloomberg Stocks News

Corporate Debt Risk Indexes Retreat as Merrill Eases Bear Stearns Concerns

(Bloomberg) -- The perceived risk of owning
corporate debt fell after surging earlier today on concerns that
the paralysis of two hedge funds run by Bear Stearns Cos. may
cause a chain reaction that sparks losses for other hedge funds
and the banks that finance them.

Credit-default swaps based on $10 million of debt in the
CDX North America Crossover Index, which had surged as much as
$10,000 to a nine-month high of $179,000 fell back to $167,000
at 2:50 p.m. in New York, according to Deutsche Bank AG. In
Europe, the benchmark iTraxx Crossover Index retreated to
211,000 euros ($289,000), after rising as much as 16,000 euros
to 216,000 euros, the biggest one-day jump in three months.


Read more at Bloomberg Bonds News

UPDATE 1-US lawmakers urge SEC to delay Blackstone IPO

(Reuters) - WASHINGTON, June 21 - The chairman of the House
Committee on Oversight and Government Reform urged the U.S.
Securities and Exchange Commission on Thursday to delay
Blackstone Group LP's [BG.UL] initial public offering until
Congress has had a chance to hold hearings on the matter.




In a letter to SEC Chairman Christopher Cox, California
Democrat Henry Waxman said Blackstone's IPO may present
potential investors and the public with new and undisclosed
risks, while stripping them of necessary protections.


Read more at Reuters.com Bonds News

Investor Peltz may be targeting Kraft-CNBC

(Reuters) - Kraft, the largest U.S. food company with products such as
Oreo cookies and Oscar Mayer lunch meat, was not immediately
available for comment.




Peltz has a 3 percent position in Kraft and is expected to
push the company to undertake a number of significant moves,
CNBC reported on Thursday, citing people familiar with Peltz's
strategy.


Read more at Reuters.com Mergers News

TREASURIES-Short maturities tap subprime safe haven bid

(Reuters) - NEW YORK, June 21 - Shorter maturity U.S.
government debt prices edged up on Thursday as investors sought
safe-haven assets amid growing troubles in the subprime
mortgage market, but longer maturities slipped amid a slew of
corporate bond issuance, traders said.




Investors have been gravitating to low-risk, short-dated
Treasuries to shield themselves from problems in the subprime
sector, which resurfaced in recent days involving two hedge
funds managed by Bear Stearns .


Read more at Reuters.com Bonds News

UPDATE 1-Ottawa "blessing nothing" on BCE/Telus - source

(Reuters) - "We never said go, we never said stop," said the source
when asked about media reports that Ottawa had been heavily
involved in talks on a merger.




Canada's No. 2 phone company Telus confirmed early on
Thursday that it was in talks to explore the acquisition of
larger rival BCE, already the target of several potential
private-equity bidders.


Read more at Reuters.com Mergers News

Dresser-Rand, Nvidia, Salesforce.com, Sonic, Starbucks: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 1:10 p.m. New York time.

Shares of makers of computer processors gained after the
price of a benchmark chip climbed to the highest in more than six
weeks in Asia and analysts upgraded Advanced Micro Devices Inc.
(AMD US) and Nvidia Corp. (NVDA US). Prices for the 512-megabit
dynamic random access memory chip, or DRAM, soared 17 percent to
$2.21 yesterday, according to Dramexchange.com, Asia's biggest
spot market for chips.


Read more at Bloomberg Stocks News

UPDATE 1-US House tax panel to hold private equity hearings

(Reuters) - WASHINGTON, June 21 - The Ways and Means
Committee of the U.S. House of Representatives said on Thursday
it will hold hearings after the July 4 congressional recess on
taxation of private-equity firms and related issues.




New York Democratic Rep. Charles Rangel, chairman of the
powerful tax-writing panel, said, "We believe it is imperative
that Ways and Means ... conduct a hearing on the important
issues surrounding private equity, carried interest and
publicly traded partnerships."


Read more at Reuters.com Government Filings News

Crude Oil Is Little Changed Amid Surging U.S. Supplies, Nigerian Strike

(Bloomberg) -- Crude oil fell a second day in New
York after an Energy Department report showed that U.S.
inventories surged.

Crude-oil stockpiles rose 6.9 million barrels to 349.3
million last week, the biggest gain since the week ended March
19, 2004, the report showed. Gasoline supplies climbed 1.79
million barrels to 203.3 million, according to the department.
Prices rose earlier today when Nigerian oil workers walked out at
the country's oil export terminals as a general strike expanded.


Read more at Bloomberg Commodities News

Ameron, Nvidia, Oakley, PrivateBancorp, PMC-Sierra: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 11:40 a.m. New York time.

Shares of makers of computer processors gained after the
price of a benchmark chip climbed to the highest in more than six
weeks in Asia and analysts upgraded Advanced Micro Devices Inc.
(AMD US) and Nvidia Corp. (NVDA US). Prices for the 512-megabit
dynamic random access memory chip, or DRAM, soared 17 percent to
$2.21 yesterday, according to Dramexchange.com, Asia's biggest
spot market for chips.


Read more at Bloomberg Stocks News

Bear still hoping to restructure funds: source

(Reuters) - Banks including Merrill Lynch & Co. Inc. , Bank of
America Corp. , JPMorgan Chase & Co. , and
Goldman Sachs Group decided not to agree to the
restructuring agreement, and instead headed for the exits.
Merrill sold off some seized collateral, while the others
unwound their trades with Bear.




Concerns about the fate of the funds stirred financial
markets on Wednesday and early in the session on Thursday, but
stocks calmed down somewhat later in the morning.


Read more at Reuters.com Bonds News

Wheat Extends Rally to 11-Year High in Chicago on Increase in U.S. Exports

(Bloomberg) -- Wheat rose, extending a rally to an
11-year high in Chicago, as global demand for U.S. supplies
increased even after prices jumped 20 percent in two weeks.

U.S. exporters sold 541,000 metric tons of wheat in the
week ended June 14, the U.S. Department of Agriculture said
today, more than the 150,000 to 350,000 tons expected by
Citigroup Global Markets. The U.S. has sold 5.29 million metric
tons in the marketing year that started June 1, 18 percent more
than in the same period last year.


Read more at Bloomberg Commodities News

Ottawa says BCE-Telus deal subject to current rules

(Reuters) - "Any prospective transaction affecting the ownership of a
Canadian firm in the telecommunications and broadcasting
sectors would have to comply with these rules," she said.




Read more at Reuters.com Government Filings News

UPDATE 1-Must take care in determining FX misalignments-IMF

(Reuters) - In a statement summarizing a meeting last week at which the
IMF agreed on an overhaul of its currency surveillance
framework, the IMF board said there were "considerable
measurement uncertainties" in determining whether a currency
was fundamentally misaligned.




Under its new surveillance framework, fundamental
misalignment of a currency could lead the IMF to scrutinize a
country's exchange rate policies more closely.


Read more at Reuters.com Bonds News

Must take care in determining FX misalignments - IMF

(Reuters) - The International Monetary Fund said on Thursday it would need to exercise "appropriate caution" in determining whether a country's currency was "fundamentally misaligned."

In a statement summarizing a meeting last week at which the IMF agreed on an overhaul of its currency surveillance framework, the IMF board said there were "considerable measurement uncertainties" in determining whether a currency was fundamentally misaligned.


Read more at Reuters Africa

H&R Block subprime mortgage unit's value falls

(Reuters) - That means the takeover value of the business dropped by $300 million, or 21 percent, since Block announced a deal on April 20 to sell the unit to Cerberus.




"This was a really rough quarter for the subprime industry overall," H&R Block Chief Executive Mark Ernst said.


Read more at Reuters.com Mergers News

U.K. Gas Falls, Power Rises, Boosting Generating Plants' Operating Margins

(Bloomberg) -- U.K. natural gas for delivery a day
ahead declined after forecasts showed supply today may outstrip
demand. Next-day power rose on scarce supplies, boosting
operating margins at gas-fed plants.

Day-ahead gas for delivery at the National Balancing Point,
the U.K. trading hub, dropped 1.5 percent to 20.25 pence a therm,
according to prices on Bloomberg from ICAP Plc. That equals $4.04
a million British thermal units. A therm is 100,000 Btus.


Read more at Bloomberg Energy News

Treasury Two-Year Notes Rise on Concern Losses at Hedge Funds May Widen

(Bloomberg) -- Treasury two-year notes rose as
investors sought refuge in the safest debt on concern losses at
hedge funds run by Bear Stearns Cos. may widen.

The difference in yields between two-year notes, which
typically gain more in times of turmoil, and benchmark 10-year
yields increased to the most since May 2006. The perceived risk
of owning corporate bonds jumped to the highest in nine months.


Read more at Bloomberg Bonds News

ICE urges CBOT members to vote against CME deal

(Reuters) - ICE Chief Executive Officer Jeffrey Sprecher said in the letter that CBOT's board has agreed to a "bargain-basement sale" in a transaction that would leave $1.3 billion of shareholders' money on the table, and urged them to vote against the deal.




At current share values, ICE said its "financially and strategically superior" offer for CBOT is worth $11.9 billion, while the CME deal is worth $10.6 billion.


Read more at Reuters.com Business News

European Government Bonds Gain; 10-Year Bund Yield Falls to 4.61 Percent

(Bloomberg) -- European government bonds advanced
in London, reversing earlier declines.

The yield on the 10-year bund fell 3 basis points to 4.61
percent by 1:38 p.m. in London. The price of the 4.25 percent
bond due July 2017 gained 0.21, or 2.1 euros per 1,000-euro
($1,343) face amount, to 97.13. Bond yields move inversely to
prices.


Read more at Bloomberg Bonds News

H&R Block posts loss on subprime woes

(Reuters) - June 21 - H&R Block Inc. , the largest U.S. tax preparer, said its quarterly net income from continuing operations rose 9 percent, helped by a strong performance at its consumer financial services division. Earnings from continuing operations rose to $591.2 million, or $1.81 a share, from $541.7 million, or $1.63, a year earlier, for the Kansas City, Missouri-based company's fiscal fourth quarter ending April 30.



Revenue rose 8 percent to $2.4 billion.


Read more at Reuters.com Market News

J.M. Smucker quarterly profit up 19 percent

(Reuters) - NEW YORK, June 21 - J.M. Smucker Co. posted a 19 percent rise in quarterly profit Thursday on strong sales of its Jif, Smucker's and Pillsbury brands.



The peanut butter and jelly maker said net income for the fiscal fourth quarter that ended April 30, was $42.5 million, or 75 cents per share, compared with $35.7 million, or 62 cents per share, a year earlier.


Read more at Reuters.com Market News

Lone Star offers 11.3 pct of S.Korea's KEB: sources

(Reuters) - Lone Star saw its $7.3 billion agreement to sell KEB to the country's biggest lender, Kookmin Bank , aborted in November last year due to a legal dispute over its $1.2 billion purchase of KEB in 2003.




The Dallas-based fund is offering 73.09 million shares in KEB, or an 11.3 percent stake, at between 13,150 won and 13,750 won per share, said a source, who declined to be named.


Read more at Reuters.com Mergers News

Corporate Bond Risk Rises on Concern Over Bear Stearns Hedge Fund Losses

(Bloomberg) -- The perceived risk of owning
European corporate bonds rose the most in two weeks on concern
over losses at hedge funds run by Bear Stearns Cos.

Credit-default swaps based on 10 million euros ($13
million) of debt included in the iTraxx Crossover Series 7 Index
of 50 European companies increased 9,000 euros to 209,000 euros,
according to Deutsche Bank AG. The contracts are used to bet on
a company's ability to repay debt and an increase in the cost
indicates worsening perceptions of credit quality.


Read more at Bloomberg Bonds News

UPDATE 1-AES posts quarterly loss due to Venezuela sale

(Reuters) - AES posted a loss of $455 million, or 67 cents per share,
compared with a year-earlier profit of $348 million, or $52
cents per share, which was restated because of problems with
the company's reporting controls.




Excluding special charges, earnings from continued
operations were 24 cents per share, which included a charge of
3 cents for an adverse court ruling in Kazakhstan, the
Arlington, Virginia-based company said.


Read more at Reuters.com Market News

Gold extends losses, hits one-week lows

(Reuters) - Gold extended losses on Thursday to slip to its lowest level in nearly a week, as a slightly firmer dollar triggered further selling, analysts said.

Gold fell as low as $652.60 an ounce, the lowest since June 15, and was quoted at $653.90/654.50 by 1002 GMT, against $654.50/656.00 in New York late on Wednesday, when it dropped around one percent on weaker oil prices.


Read more at Reuters Africa

Bank Hapoalim, Leumi Shares Downgraded at Deutsche Bank on Growth Outlook

(Bloomberg) -- Bank Hapoalim Ltd. and Bank Leumi Le-
Israel Ltd., Israel's two largest banks, had their share ratings
lowered to ``hold'' from ``buy'' at Deutsche Bank AG, citing
prospects for slowing income growth.

Shares of Hapoalim, Israel's No. 1 lender, will probably
trade at 23.3 shekels in the next 12 months, down from a previous
forecast of 26.6 shekels, Dan Harverd, an analyst at Deutsche
Bank in Tel Aviv, said in an e-mailed report today. Harverd
reiterated his 18-shekel share-price estimate for Bank Leumi.


Read more at Bloomberg Stocks News

South Africa's First-Quarter Current Account Deficit Narrows to 7% of GDP

(Bloomberg) -- South Africa's current account
deficit narrowed less than expected in the first quarter,
reaching 7 percent of gross domestic product, threatening to
undermine the rand.

The shortfall in the trade of goods and services abroad
narrowed from 7.8 percent of GDP in the fourth quarter, the
Pretoria-based central bank said in its Quarterly Bulletin
today. The gap was expected to reach 6.6 percent, according to
the median estimate of 12 economists surveyed by Bloomberg.


Read more at Bloomberg Emerging Markets News

Siemens CFO sees no share buybacks in short term

(Reuters) - Siemens also has "multiple options" for convertible bonds,
according to the slides.




Read more at Reuters.com Mergers News

S.Africa Q1 household spending eases to 7.5 pct

(Reuters) - South Africa's household spending slowed slightly to 7.5 percent in the first quarter of the year while consumer debt levels reached record highs, the reserve bank said on Thursday.

Household spending eased from 7.75 percent year-on-year in the fourth quarter of 2006, while consumer indebtedness increased to a record 76 percent of disposable income in the first three months of this year from 73.75 in Q4 2006.


Read more at Reuters Africa

Albert Frere Maneuver in Bertelsmann Deal Gets Henry Kravis Fraternal Nod

(Bloomberg) -- Albert Frere had a good excuse for
his limp the day in 1988 he met French executive Jean
Peyrelevade for the first time. A wounded boar had attacked him
during a weekend hunting expedition in the Ardennes forest of
southern Belgium, leaving a gash in Frere's leg that took 25
stitches to close. ``He was on his back kicking it in the
muzzle,'' says Peyrelevade, recounting Frere's explanation for
the leg wound.

Frere, now 81, is still hunting both boar and European
corporations. In more than half a century, he has turned a
family business selling nails and chains into an empire with
assets valued at more than 24 billion euros ($32 billion). In
the past year, he and his partners earned more than 2 billion
euros by selling their stake in Bertelsmann AG, Europe's largest
media company. Frere's holding companies are now poised to
profit from the pending merger of French utility Suez SA, in
which Frere and his partners are the largest shareholders, and
government-controlled Gaz de France SA.


Read more at Bloomberg Exclusive News

Hong Kong Stocks Rise for Fifth Day, Reaching Record; China Mobile Gains

(Bloomberg) -- Hong Kong's stocks rose for a fifth
day, the longest run of gains in two months, after China's
government said it will allow mainland brokerages to buy
overseas shares for the first time. China Mobile Ltd. led gains.

``The impact is going to be huge as more money will be
coming to Hong Kong,'' said Renault Kam, a director of Atlantis
Investment Management Ltd., which oversees $3 billion in Asia.
Mainland companies listed in the city are likely to benefit the
most, as investors would ``rather buy shares of companies with
backgrounds they know about.''


Read more at Bloomberg Stocks News

HSBC Plans to Refocus on Emerging Markets, New Asia Chief Executive Says

(Bloomberg) -- HSBC Holdings Plc, the world's
third-largest bank by market value, will step up expansion in
emerging markets such as India after mounting mortgage defaults
at its U.S. unit crimped profit, the company's incoming Asia
chief said.

``We're going to have a finance-led emerging markets
focus,'' shifting away from developed markets, said Sandy
Flockhart in a phone interview from Johannesburg. Flockhart, who
takes over HSBC's Asia operations next month, said he plans to
increase hiring in countries including India and China.


Read more at Bloomberg Emerging Markets News