Saudi Aramco Raises Propane, Butane Prices 5.7 Percent for Loading in May

(Bloomberg) -- Saudi Aramco, the world's largest state oil company, raised prices of liquefied petroleum gas for loading in May by as much as 5.7 percent from a month ago, a company official said.

The company raised prices of propane to $560 a metric ton from $530 in April and increased butane prices to $575 a ton from $545 a ton in April, said the official who asked not to be identified.


Read more at Bloomberg Energy News

Cell Genesys files for $150 mln debt, stock shelf

(Reuters) - Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.




Read more at Reuters.com Bonds News

Indonesian Bonds, Rupiah Gain as Inflation Slower Than Economists Forecast

(Bloomberg) -- Indonesian bonds and the rupiah rose after inflation unexpectedly slowed in April, spurring speculation of more capital inflows as overseas investors buy local bonds.

Consumer prices rose 6.3 percent from a year earlier, compared with 6.5 percent in March, according to the Central Statistics Bureau. That's lower than the median 6.5 percent forecast of 21 economists surveyed by Bloomberg. An easing of cost pressures will allow Bank Indonesia to resume cutting interest rates when policy makers meet on May 8.


Read more at Bloomberg Bonds News

Turkish Stocks Extend Drop on Citigroup Downgrade: World's Biggest Mover

(Bloomberg) -- Turkish stocks dropped after Citigroup Inc. recommended investors sell shares on concern a row between the army and the government over the country's next president may fuel political instability.

Turkiye Is Bankasi AS, the biggest bank, and Turkiye Garanti Bankasi AS, the third-largest, led the retreat. Stocks yesterday had their steepest decline in two months after the military, which has forced four governments from power since 1960, signaled it may block the government's presidential candidate because of his Islamist past.


Read more at Bloomberg Stocks News

Indonesia Swaps 1.44 Trillion Rupiah of Bonds to Reduce Financing Costs

(Bloomberg) -- Indonesia bought back 1.44 trillion rupiah ($158.6 million) of local-currency bonds maturing from 2008 to 2012 and sold the same amount of longer-term notes to lower its interest costs, the Ministry of Finance said.

The government sold 10.25 percent bonds due in July 2022 at a price of 100.55 and a yield of 10.174 percent, the ministry said in a statement in Jakarta today. Investors submitted bids of 4.78 trillion rupiah for the debt on offer.


Read more at Bloomberg Bonds News

UPDATE 1-Tower Semi Q1 loss narrows, sees higher Q2 revs

(Reuters) - Quarterly net loss was $37.4 million, or 36 cents per share, compared with a loss of $45.1 million, or 63 cents per share, a year earlier.

Sales in the quarter rose to $55.6 million from $35.9 million a year earlier.


Read more at Reuters.com Market News

Ahern Finds `World's Best Economy' Doesn't Guarantee Irish Election Win

(Bloomberg) -- Irish Prime Minister Bertie Ahern may find that what he likes to call ``the world's best economy'' isn't enough to guarantee him a third five-year term.

While polls show Ahern remains personally popular, his government has been beset by financial scandals and charges that it is squandering the fruits of its economic boom by failing to fix Ireland's roads, schools and hospitals. The government coalition, led by Ahern's Fianna Fail party, began the campaign for May 24 elections trailing the opposition, according to a poll published last week by the Irish Times newspaper.


Read more at Bloomberg Exclusive News