Retail Sales Stalled in June Amid Housing Recession: U.S. Economy Preview

(Bloomberg) -- Sales at U.S. retailers stalled in
June following the biggest gain in more than a year as the
housing recession led consumers to tighten their belts, a report
this week may show.

Retail sales were probably unchanged last month after a 1.4
percent gain in May, according to the median estimate in a
Bloomberg News survey ahead of a July 13 report. Rising fuel
prices boosted the cost of imports, caused the trade deficit to
swell and hurt consumer confidence, other reports may show.


Read more at Bloomberg Bonds News

Australia's Newcastle Port Coal Price Drops for First Time in Nine Weeks

(Bloomberg) -- The price of power-station coal at
Newcastle fell for the first time in nine weeks from a record
as Australian shipments returned to normal after storms.

Coal from the world's largest export harbor for the fuel
in New South Wales fell 4.7 percent to $67.56 a metric ton in
the week ended July 6 from $70.88 in the previous week,
according to the globalCOAL NEWC Index.


Read more at Bloomberg Energy News

Seoul's main index hits record

(Reuters) - Japanese shares -- notably machinery stocks like Fanuc Ltd. -- were boosted by stronger-than-expected May machinery orders data on Monday.




The robust figures cemented expectations that the Bank of Japan will raise interest rates as early as August, depressing the Japanese government bond market.


Read more at Reuters.com Hot Stocks News

HSBC Is Recruiting More Bankers in Push to Win Wealthy Customers in Japan

(Bloomberg) -- HSBC Holdings Plc, Europe's biggest
bank by market value, is recruiting bankers to provide asset
management and other services to wealthy clients in Japan.

HSBC, which opened its first Japanese branch in Yokohama in
1866, said it's seeking to hire branch managers, relationship
managers and service associates in Japan, in an advertisement
carried in yesterday's Nikkei newspaper.


Read more at Bloomberg Emerging Markets News

U.S. 10-Year Treasury Yield Is Near Two-Week High on Inflation Outlook

(Bloomberg) -- U.S. 10-year Treasury yields held
near their highest in two weeks on speculation increasing
employment and wages will keep the Federal Reserve from
cutting interest rates this year.

Inflation expectations among traders rose for a third
day. Ten-year notes yielded 2.41 percentage points more than
inflation-protected securities, versus 2.39 percentage points
a week ago. The difference represents the rate of inflation
investors expect for the coming decade.


Read more at Bloomberg Bonds News

Boeing unveils 787 Dreamliner amid order flurry

(Reuters) - The elaborate unveiling ceremony, at the company's Everett, Washington plant, gave the crowds their first full look at the mid-sized, long-range jetliner, which has sold well early on and is Boeing's first all-new plane in 12 years.




Thousands more watched the event -- hosted by former TV news anchor Tom Brokaw -- live at Qwest Field stadium in nearby Seattle, and Boeing broadcast the ceremony worldwide on satellite television.


Read more at Reuters.com Business News

FEATURE-Rural towns struggle in two-speed Britain

(Reuters) - "I want to go to university and stay there, wherever I am."




She is not alone. Thousands of young Britons are deserting
rural towns such as Melton in search for opportunity in bigger
cities such as London and Manchester.


Read more at Reuters.com Economic News

Chinatrust Financial, HSBC, Muhibbah, Posco: Asia Ex-Japan Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in Asian markets, excluding Japan, on July 9. This preview
includes news that broke after markets closed. Prices are from
the local market's last close. Stock symbols are in parentheses
after company names.

Chinatrust Financial Holding Co. (2891 TT): Chinatrust,
which owns Taiwan's largest credit-card issuer, posted a first
half profit of NT$8.17 billion ($249 million), the company said
in an e-mailed statement. The unaudited profit compares with a
loss of NT$2.25 billion in the same period a year earlier.
Chinatrust slipped 20 cents, or 0.8 percent, to NT$26.20.


Read more at Bloomberg Stocks News

ITW shares seen rising more than 20 pct: Barron's

(Reuters) - Shares in Illinois Tool Works, which have risen about 21 percent so far this year, closed on Friday at $55.81.




"It's exceptionally attractive," Barron's quotes Goldman Sachs analyst Deane Dray as saying. "It has had a nice pop, but has a lot more room to run."


Read more at Reuters.com Business News

Algeria, KBR sign $2.88 bln LNG plant deal

(Reuters) - Algerian state energy firm Sonatrach signed a $2.88 billion contract with U.S. firm KBR Inc

to build a liquified natural gas (LNG) plant at eastern Skikda port, a state-owned newspaper reported on Sunday.


Read more at Reuters Africa