Remgro buys 7.8 mln shares in target Rainbow

(Reuters) - South African investment firm Remgro said on Tuesday a subsidiary had bought 7.775 million shares at 16 rand a share in takeover target Rainbow Chicken.

Before the purchase, Remgro owned 62 percent of poultry producer Rainbow and had made an initial offer of 16 rand in cash or nine of its shares for every 100 Rainbow shares held by investors to acquire the remaining 38 percent.


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Ameren says Missouri regulator's staff seeks probe

(Reuters) - The staff of the Missouri Public Service Commission last
week brought a motion asking regulators to open an
investigation to determine whether Ameren's Missouri utility's
electric plant and operational practices are safe and adequate
in light of the Taum Sauk incident, according to the company's
filing with the U.S. Securities and Exchange Commission.




Ameren said it intended to file a response opposing this
motion.


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Robusta Coffee Declines in London on Signs Earlier Rally Was Overdone

(Bloomberg) -- Robusta coffee futures fell in
London on speculation a rally that took the beans to the highest
in more than eight years was overdone.

Robusta's 14-day relative strength index, used by traders
to measure the momentum of price movements, was at 77.6 earlier
today and at 80.5 yesterday. A reading higher than 70 typically
signals prices will drop. Coffee futures traded at $1,918 a
metric ton in London earlier today, the highest since Dec. 8,
1998, on speculation supply may fall short of global demand.


Read more at Bloomberg Commodities News

U.S. Treasuries Slide as Investors Abandon Bets Fed to Cut Interest Rates

(Bloomberg) -- U.S. Treasuries declined for a second
day as investors abandoned wagers that the Federal Reserve will
cut interest rates this year.

Benchmark 10-year notes have dropped this month, pushing
yields up more than 30 basis points on speculation global growth
will spur central banks to raise borrowing costs. Bonds extended
declines on speculation investors in mortgage-backed securities
sold Treasuries they had used as a hedge against falling rates.


Read more at Bloomberg Bonds News

Emirates Islamic Bank Raises $350 Million From Its First Sale of Sukuk

(Bloomberg) -- Emirates Islamic Bank PJSC, the
Shariah-compliant unit of Emirates Bank International PJSC,
raised $350 million from its first issue of Islamic bonds known
as sukuk.

Investors from Asia and Europe bought a combined 72 percent
of the five-year bonds, which pay a profit rate equivalent to 0.3
percentage points more than the London interbank offered rate,
Dubai-based Emirates Islamic said in an e-mailed statement today.


Read more at Bloomberg Bonds News

Nickel drops some 5 percent, copper down on China

(Reuters) - Nickel dropped by over five percent on Tuesday and copper shed more than one percent as Chinese imports fell in May, analysts said.

Nickel for delivery in three months on the London Metal Exchange (LME) fell by 5.6 percent to hit $40,100 a tonne in early trade. By 1032 GMT it was indicated at $40,500/40,700 down by $2,000 against Monday's close.


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ComScore sees IPO of 5 mln shares at $14-$16 each

(Reuters) - The Reston, Virginia-based company said it applied for a
Nasdaq listing under the symbol "SCOR."





Read more at Reuters.com Bonds News