Yen Trades Near Record Low Versus Euro Before Bank of Japan Tankan Survey

(Bloomberg) -- The yen traded near a record low
versus the euro before a Bank of Japan quarterly Tankan survey,
which may show confidence among Japan's largest manufacturers
stayed close to a two-year high.

The yen declined to a record low against the euro and a 4
1/2-year low versus the dollar last month as reports showed
industrial production fell for a third month and consumer prices
unexpectedly dropped in May. Japan's key interest rate of 0.5
percent is the least of any major economy.


Read more at Bloomberg Currencies News

IBM launches nuclear expertise centre in France

(Reuters) - International Business Machines Corp. is banking on a growth of the nuclear industry as the carbon dioxide-free energy source is touted as a tool to combat global warming and increase power output to meet surging demand.




Guido Bartels, IBM's global energy and utilities industry manager told Reuters that in the 30 countries with nuclear generation there was a need for sophisticated risk modeling and information tools driven by nuclear power plant license extensions and construction of new plants.


Read more at Reuters.com Business News

Total Began Production From Rosa Deepwater Oil Field Off Angola on June 18

(Bloomberg) -- Total SA, Europe's third-largest oil
company, said production started June 18 at its Rosa deep-water
oil field off the coast of Angola.

The Rosa field, which has proven and probable reserves of
370 million barrels, will keep production of the Girassol
platform at 250,000 barrels a day ``until early in the next
decade,'' Paris-based Total said today in an e-mailed statement.


Read more at Bloomberg Energy News

UPDATE 1-JFK terminal closed briefly, suspicious package

(Reuters) - Port authority officials said the package was being
investigated by bomb squad and other experts but the terminal
was reopened and the "all clear" given shortly after it was
evacuated, media reports said.




No information was available on what was inside the
package. The airline said flights were not delayed.


Read more at Reuters.com Bonds News

UPDATE 1-Kuwait to keep Daimler shares, says troubles over

(Reuters) - KUWAIT, July 1 - Kuwait Investment Authority,
which manages an estimated $400 billion in assets, said on
Sunday it would keep its stake in DaimlerChrysler and
expects the German carmaker to have put its troubles behind it.




The state investment arm of the world's seventh largest oil
exporter has a 7.2 percent stake in DaimlerChrysler ,
making it the automaker's biggest shareholder.


Read more at Reuters.com Bonds News

Teachers group wins C$52 bln race for BCE

(Reuters) - It said that was a 40 percent premium over what it called the "undisturbed share price," or the price before BCE put itself up for sale. BCE shares closed at C$40.34 on the Toronto Stock Exchange on Friday.




"The all-cash transaction is valued at C$51.7 billion, including C$16.9 billion of debt, preferred equity and minority interests," BCE said, adding that it expected the deal to close in the first quarter of next year.


Read more at Reuters.com Mergers News

Independent News & Media says H1 revenue up 3 pct

(Reuters) - Irish newspaper publisher Independent News & Media said on Friday it expected first-half group revenue to be about 3 percent higher than a year earlier.

The company said in a trading statement that circulation revenue was expected to have risen 2 percent in the six months to the end of June while advertising revenue was set to come in 5 percent higher year on year.


Read more at Reuters Africa