Nintendo Surpasses Sony in Market Value as Wii Game Console Outsells PS3

(Bloomberg) -- Nintendo Co., the world's largest
maker of handheld game players, surpassed Sony Corp. in market
value as its Wii home console outsells the rival PlayStation 3.

Shares of Nintendo, based in Kyoto, western Japan, rose 1.8
percent to 46,250 yen as of 10:33 a.m. on the Osaka Securities
Exchange, valuing the company at 6.55 trillion yen ($53 billion).
Sony stock fell 0.8 percent to 6,500 yen, giving the Tokyo-based
company a value of 6.51 trillion yen.


Read more at Bloomberg Stocks News

U.S. Notes Little Changed; Report Will Probably Show Home Sales Declined

(Bloomberg) -- U.S. 10-year notes were little
changed before a private report that economists say will show
home sales fell to a four-year low last month.

Benchmark Treasuries may extend gains, after their first
weekly advance since early May, as a U.S. housing slump would
support the case for a Federal Reserve interest-rate cut. Notes
may gain by the end of the year, according to a survey of
investors published today by Ried, Thunberg & Co., a research
unit of ICAP Plc, the world's largest inter-bank broker.


Read more at Bloomberg Bonds News

JGBs follow Treasury prices higher, data in focus

(Reuters) - "Prices could edge up a bit more, but given the upcoming
events, gains should be capped in the near term," said Tetsuya
Miura, bond strategist at Shinko Securities.




Monday's rise came as the market has regained its composure
following a frantic sell-off in the past month or so, when
concerns about climbing global bond yields and growing
expectations for an August rate rise by the BOJ drove JGB
futures to a seven-year low.


Read more at Reuters.com Bonds News

Japan's 10-Year Bonds May Rise After Treasuries Gain on Flight to Safety

(Bloomberg) -- Japan's 10-year government bonds may
rise for a second day after U.S. Treasuries gained as investors
sought a haven from possible hedge fund losses.

U.S. Treasuries, which often lead Japanese bond prices,
advanced on June 22 after Bear Stearns Cos. offered to provide
$3.2 billion in loans to bail out one of its money-losing hedge
funds. Ten-year yields in Japan and the U.S. had a 0.88
correlation in the past year, according to Bloomberg data. A
value of 1 means the two moved in lock step.


Read more at Bloomberg Bonds News

Australian Coal Price Jumps to Record After Storm Cuts Newcastle's Exports

(Bloomberg) -- The price for power-station coal at
Newcastle, Australia, the world's largest export harbor for the
fuel, rose to a record after exports were disrupted by storms
and heavy rainfall.

The price of thermal coal for immediate delivery from the
port in New South Wales state rose $3.19 a metric ton to $66.30
in the week ended June 22 from a week earlier, according to the
globalCOAL NEWC Index. Coal deliveries by rail to the port were
due to reach full capacity by today, the Hunter Valley Coal
Chain Logistics Team, coordinator of coal movements on the
railway, said June 22.


Read more at Bloomberg Energy News

U.S. Gasoline Pump Price Declines 11 Cents to $3 a Gallon, Lundberg Says

(Bloomberg) -- U.S. gasoline at the pump fell 11
cents during the past two weeks to an average $3 a gallon,
Trilby Lundberg said, citing her survey of 7,000 filling
stations nationwide.

Prices dropped as inventories of the motor fuel for the
week ended June 15 rose for a seventh consecutive week, the U.S.
Energy Department reported on June 20. Supplies were 4.2 percent
below the five-year average. Higher gasoline output by refiners
helped pare the deficit to the average from 7.5 percent in mid-
May.


Read more at Bloomberg Energy News

Global property investment at a turning point

(Reuters) - Future trends will be a key theme for top executives from the world's property industry at the Reuters Real Estate Summit, which is being held in London, New York and Singapore on June 25-27.




A bullish mix of surging rents, cross-border investment, capital values, and shrinking or stable yields remains intact in many parts of the world, where the amount of capital chasing investment opportunities still exceeds the amount of physical stock available.


Read more at Reuters.com Business News