Mexico's Cemex says has more than 90 pct of Rinker

(Reuters) - Cemex had in May lowered the number of acceptances it
required to 50 percent from an original 90 percent in order to
push through the bid.




Read more at Reuters.com Mergers News

LG.Philips stake sale by Philips in mkt unlikely

(Reuters) - Dutch company Philips has said it plans to sell at least part
of its 32.9 percent stake in LG.Philips once a lock-up expires in
July.




For related stories click [ID:nSEO295846] and [ID:nSEO22342]


Read more at Reuters.com Market News

China shares end down 0.78 pct, but banks surge

(Reuters) - Despite the closing fall, analysts said the index might still rise to 4,000 points this week, though they believed it would have a hard time holding at that level.




"Today's market retreat after surpassing the 3,900 level already shows that 4,000 may be a psychological level for investors," said Zhang Yanbing, analyst at Kinghing Securities.


Read more at Reuters.com Hot Stocks News

Copper ups through $8,000, lead at new high

(Reuters) - Copper broke through $8,000 a tonne for the first time since May as mine workers in Chile, the world's largest producer, went on strike and lead hit a new all-time high on supply fears.

Copper for three-month delivery on the London Metal Exchange ended up at $7,990 a tonne from $7,840 on Friday. Earlier it touched $8,015, the highest since May 10 and a gain of more than 10 percent since late May.


Read more at Reuters Africa

Pakistan's Eight-Year Stock Rally May End on Musharraf Bid to Win Election

(Bloomberg) -- Pakistani stocks, Asia's best
performers since President Pervez Musharraf seized power in a coup
eight years ago, may be set for a selloff as his bid for a new
five-year term meets widespread public opposition.

The rally has made shares 40 percent more expensive than
their eight-year average, according to Invisor Securities Ltd. in
Karachi. At the same time, average annual economic growth of 7.5
percent over the past four years is pushing up inflation and
interest rates.


Read more at Bloomberg Exclusive News

UPDATE 1-LG.Philips swings to Q2 profit on LCD prices

(Reuters) - Hit by tumbling prices and oversupply last year, the liquid
crystal display industry has managed to quickly recover in recent
months as LCD makers moved to curb output and focus on margins.




LG.Philips , the world's second-biggest maker of
large-sized LCDs, earned a 228 billion won net
profit in the quarter ended June, well above a 138.2 billion won
forecast by eight analysts polled by Reuters, helped in part by a
tax-related gain.


Read more at Reuters.com Market News

JGBs edge lower on caution ahead of BOJ meeting

(Reuters) - JGB futures got a slight boost in early trade on gains in
U.S. Treasuries on Monday.




But the rise in JGBs never gained much momentum, and futures
later dipped into negative territory after absorbing the Ministry
of Finance's sale of 2.0 trillion yen in
five-year JGBs with a 1.5 percent coupon.


Read more at Reuters.com Bonds News