Uganda prepares to double Nile hydropower

(Reuters) - Splashing the riverbanks with foam as they whoosh through central Uganda, the Bujagali Falls near the Nile's source are a challenge to local fishermen and thrill-seeking white-water rafters alike.

But Uganda's government has other ideas for this powerful jet of water: it wants to harness it for electricity.


Read more at Reuters Africa

Copper Declines in London as Chinese Supply Increases; Lead, Nickel Gain

(Bloomberg) -- Copper was poised to snap seven consecutive weeks of gains in London on speculation that demand growth will slow due to rising supply in China, the world's largest user of the metal. Lead and nickel gained.

Stockpiles monitored by the Shanghai Futures Exchange rose to 67,820 metric tons, the highest since December 2005, according to exchange data released today. That may slow imports into the nation this quarter, said Tobias Merath, an analyst at Credit Suisse Group in Zurich.


Read more at Bloomberg Commodities News

FACTBOX-Dutch rules for unsolicited approaches

(Reuters) - The regulation was translated by Reuters. It should not be viewed as an official translation.




Read more at Reuters.com Mergers News

Copper Stockpiles Drop to Lowest in Almost Five Months on London Exchange

(Bloomberg) -- Copper stockpiles monitored by the London Metal Exchange dropped to the lowest in almost five months.

Copper inventories fell 2,050 metric tons, or 1.3 percent, to 159,125 tons, the exchange said today in a report. That's the lowest since Dec. 1.


Read more at Bloomberg Commodities News

Indian Rupee Heads for Strongest Week in 14 Months on Stocks, Higher Yield

(Bloomberg) -- India's rupee headed for its biggest weekly gain since December 2005, on optimism the nation's rising stocks and relatively high interest rates will attract increased investment from abroad.

The rupee climbed to the strongest in nine years yesterday as the benchmark stock index reached the highest in more than two months. The average daily investment in local equities by overseas funds is five times more this month than in March, as companies including Infosys Technologies Ltd. and Bharti Airtel Ltd. reported better-than-expected profits for last quarter.


Read more at Bloomberg Currencies News

UPDATE 1-Acer seeks M&A, expects flat Q2 sales

(Reuters) - "It will be just a small case and we will not spend too much money," Acer Chairman J.T. Wang said during a company event.

"Anything we spend will get gains very soon."


Read more at Reuters.com Market News

Merck and Schering, Buoyed by Medicare, May Lead Stock Advances in 2007

(Bloomberg) -- Pharmaceutical stocks are headed for their biggest annual gain since 2000 after a new U.S. drug insurance program and industrywide job cuts helped profits beat analysts' estimates.

The 14-member Standard and Poor's 500 Pharmaceuticals Index added 8.4 percent since Jan. 1, led by a 35 percent rise by Schering-Plough Corp. and a 31 percent advance by King Pharmaceuticals Inc. The eight largest U.S. drugmakers beat first-quarter earnings estimates this month and half raised their forecasts, a trend analysts say may continue through 2007.


Read more at Bloomberg Stocks News