Telenor raises sales guidance after Q1 dip

(Reuters) - The result for the telecom group was in line with an average forecast of 7.06 billion crowns in a Reuters poll of 16 analysts, whose estimates ranged between 7.06 billion and 7.55 billion crowns.

"We expect growth in reported revenues of between 3 percent and 5 percent," Telenor ASA said in a statement, adjusting an earlier forecast of 0-5 percent growth this year.


Read more at Reuters.com Market News

Mexico's Currency Surges to Three-Month High, Peso Bonds Rise on U.S. Gain

(Bloomberg) -- Mexico's peso held at its highest level in more than three months on signs of economic strength in the U.S., the biggest market for Mexican exports.

Peso-denominated bonds gained for the first time in four trading days as U.S. reports showed productivity increased more than forecast last quarter and service industries strengthened in April. The U.S. buys about 80 percent of Mexico's exports.


Read more at Bloomberg Currencies News

`Love Train' Brings Flock of Single Women to New Zealand's Lonely Farmers

(Bloomberg) -- New Zealand's ``Love Train'' was filled last month with 300 single women in $300 gowns heading to a muddy field in Middlemarch, a hamlet of sheep, cattle and lonely farmers.

The train left the southern city of Dunedin for a party to introduce the bachelorettes to rural bachelors. Social change during the past 50 years has seen more New Zealand women migrate to cities for education and careers, and men now account for 80 percent of the population in some remote areas.


Read more at Bloomberg Exclusive News

April U.S. Job Gain Was Probably Smallest in Two Years, Jobless Rate Rose

(Bloomberg) -- The U.S. economy last month probably added the fewest jobs in two years as homebuilders and manufacturers fired workers, economists said before a government report today.

The projected 100,000 increase in payrolls would follow a 180,000 gain in March, according to the median estimate of 85 economists surveyed by Bloomberg News. The jobless rate is forecast to rise to 4.5 percent from the prior month's 4.4 percent, which matched a five-year low.


Read more at Bloomberg Bonds News

Taiwan Stocks Advance, Inotera Memories, Wistron Corp Climb on MSCI Move

(Bloomberg) -- Taiwan's shares rose the most in seven weeks after Inotera Memories Inc. and Wistron Corp. were among 12 local companies added to Morgan Stanley Capital International indexes. Mediatek Inc. rose to a record after Credit Suisse Group and Citigroup Inc. raised their price estimates for the stock.

Taiwan companies accounted for a fifth of the 60 additions to MSCI Barra's series of indexes announced yesterday, higher than any other country. Five local companies will be deleted, out of 64. More than $3 trillion in funds are benchmarked worldwide to the MSCI measures.


Read more at Bloomberg Stocks News

NABE economists bet on April payrolls at 98,000

(Reuters) - NABE said 15 panelists formed the estimate through a "pari-mutuel" betting process in which they placed tickets on a range of possible outcomes.

The distribution of bets also implied a 34 percent chance that April payrolls will be below 75,000 and a 44 percent chance for a number above 100,000.


Read more at Reuters.com Economic News

Saigon Petroleum Buys Gasoline, Gasoil for June at Premiums to Benchmarks

(Bloomberg) -- Vietnam's Saigon Petroleum bought gasoline and gasoil at premiums for delivery in June, said a trader involved in the transactions.

Saigon Petroleum bought a 10,000 metric ton cargo of 92-RON gasoline for delivery between June 15 and June 19 at a premium of about $2.20 a barrel to benchmark prices.


Read more at Bloomberg Energy News