Asian Shares Fall as Bond Yields Rise; Tokyo Electric, Westfield Decline

(Bloomberg) -- Asian stocks fell for the first time in
seven days as higher regional bond yields sparked speculation
that investors will shift money from equities.

Tokyo Electric Power Co., Asia's biggest utility company,
and Westfield Group, the world's largest shopping-center owner by
market value, paced declines.


Read more at Bloomberg Stocks News

Vimpelcom in talks to take Golden Telekom stake

(Reuters) - A company spokeswoman confirmed a report in the Vedomosti daily that Vimpelcom had been talking to Alfa Group and Norway's Telenor on buying their holdings in Golden Telecom, the Nasdaq-listed alternative fixed line operator.



But the talks had not yet brought any concrete results and the acquisition of the Golden Telecom stake was merely one of a range of options under considerationm, she added.


Read more at Reuters.com Mergers News

Taiwan's CPC Sells 60,000 Tons of 92-RON Gasoline for Loading in August

(Bloomberg) -- CPC Corp., Taiwan's state oil refiner,
sold 60,000 metric tons of 92-RON gasoline in two cargoes at
premiums to benchmark prices for August loading, said a company
official, who declined to identify the buyers.

Details of the refiner's offer are as follows:


Read more at Bloomberg Energy News

ICICI Seeks $1.5 Billion Syndicated Loan, Biggest Borrowing by Indian Bank

(Bloomberg) -- ICICI Bank Ltd., which raised $5
billion last month in India's biggest share sale, is borrowing a
record $1.5 billion to fund growth in demand for credit, said
Chief Financial Officer Vishakha Mulye.

ICICI is seeking the biggest loan by an Indian bank to meet
credit expansion of as much as 30 percent in the fastest-growing
major economy after China. The amount is almost twice the
syndicated borrowings of Indian banks this year and shy of the
$1.86 billion total loans Mumbai-based ICICI took out in 2006.


Read more at Bloomberg Emerging Markets News

New Zealand's Dollar `Overvalued,' Will Weaken, Says Trade Minister Goff

(Bloomberg) -- New Zealand's dollar is ``overvalued''
and investors should stop betting on its gain extending, said Trade
Minister Phil Goff.

``We believe the dollar is artificially high and at an
unsustainable level,'' Goff said in an interview while attending
the 21-member Asia-Pacific Economic Cooperation group in Cairns,
Australia. `We don't think it will stay at that level and those
that choose to speculate on it risk getting their fingers burnt.''


Read more at Bloomberg Currencies News

ICICI Seeks $1.5 Billion Loan, Biggest by an Indian Bank, to Fund Growth

(Bloomberg) -- ICICI Bank Ltd., which raised $5
billion last month in India's biggest share sale, is borrowing a
record $1.5 billion to fund growth in demand for credit, said
Chief Financial Officer Vishakha Mulye.

ICICI is seeking the biggest loan by an Indian bank to meet
credit expansion of as much as 30 percent in the fastest-growing
major economy after China. The amount is almost twice the
syndicated borrowings of Indian banks this year and shy of the
$1.86 billion total loans Mumbai-based ICICI took out in 2006.


Read more at Bloomberg Bonds News

Asian Shares Fall as Bond Yields Rise; Tokyo Electric, Westfield Advance

(Bloomberg) -- Asian stocks fell for the first time in
seven days as higher regional bond yields sparked speculation
that investors will shift money from equities.

Tokyo Electric Power Co., Asia's biggest generator, and
Westfield Group, the world's largest shopping center owner by
market value, paced declines.


Read more at Bloomberg Stocks News