Alcatel-Lucent, Camaieu, M6, Scor Shares May Move: French Stock Preview

(Bloomberg) -- Shares of the following companies may
rise or fall on the Paris stock exchange today. Symbols are in
parentheses after company names and prices are from the last
close.

June futures on the CAC 40 Index climbed 14.5 to 6050 at 8
a.m. in Paris.


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Tata Tea's Shares Surge After Sale of Stake in Glaceau for $1.2 Billion

(Bloomberg) -- Shares of Tata Tea Ltd., a unit of
India's biggest business group, rose to a 15-month high after it
agreed to sell its stake in Energy Brands Inc. to Coca-Cola Co.
for $1.2 billion.

Tata Tea made a profit of $523 million from the sale of its
30 percent stake in Energy Brands, Vice Chairman R.K. Krishna
Kumar said on May 25. The Kolkata-based company paid $677
million for its stake in Energy Brands, known as Glaceau, in
August.


Read more at Bloomberg Emerging Markets News

Anglo American, Eland Platinum, Standard Bank: South African Stock Preview

(Bloomberg) -- The following stocks may rise or fall
in South Africa. Symbols are in parentheses and prices are from
the last close.

The FTSE/JSE Africa All Share Index lost 207.25, or 0.7
percent, to 28,605.69 in Johannesburg as 104 stocks fell, 34
rose and 22 were unchanged.


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Asia Oil-Product Tanker Rates Trade Near Four-Month High on Korean Exports

(Bloomberg) -- The cost of shipping gasoline and
other so-called clean petroleum products in Asia remained close
to a four-month high as South Korean exports boost demand.

Rates to carry 30,000 tons of fuel on the benchmark route
from Singapore to Japan have gained 49 percent to Worldscale
253.64 from March 11, when they were at the lowest this year,
according to London's Baltic Exchange. Rates reached Worldscale
257.27 on May 17, the highest since Jan. 16.


Read more at Bloomberg Energy News

South Korean Won Drops After North's Short-Range Missile Test Conducted

(Bloomberg) -- South Korea's won fell after North
Korea test-fired missiles late on May 25 as part of routine annual
exercises, fueling concern tensions in the region may increase.

The short-range missiles were launched after the close of won
trading last week. Japanese Prime Minister Shinzo Abe said his
country's patience ``isn't limitless'' and retains the option of
further sanctions against the communist nation. The won slid 1.5
percent on Oct. 9 after the North tested its first nuclear bomb.


Read more at Bloomberg Emerging Markets News

South Korea's Kospi Rises to Record; Posco, Steelmakers Lead the Advance

(Bloomberg) -- South Korean stocks advanced to a
record. Posco gained after Meritz Securities Co. raised its
price estimate for some steelmakers, saying regional prices for
the alloy are expected to climb following increases in China.

Samsung Electronics Co. fell after U.S. existing-home sales
unexpectedly dropped, heightening concern a housing slump will
damp consumer spending in the world's biggest economy.


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South Korean Won Declines After North's Short-Range Missile Test Last Week

(Bloomberg) -- South Korea's won fell after North
Korea test-fired missiles late on May 25 as part of routine annual
exercises, fueling concern tensions in the region may increase.

The short-range missiles were launched after the close of won
trading last week. Japanese Prime Minister Shinzo Abe said his
country's patience ``isn't limitless'' and retains the option of
further sanctions against the communist nation. The won slid 1.5
percent on Oct. 9 after the North tested its first nuclear bomb.


Read more at Bloomberg Currencies News

Australia's James Hardie yr operating profit up 6%

(Reuters) - Hardie said in March it expected to hit analysts' full-year
forecasts of between $201 million and $231 million, despite a
10 percent fall in third-quarter profit due to a slowing U.S.
housing sector.




Shares in Hardie, which makes most of its revenues in North
America, closed up 2.2. percent at A$8.94 on Friday following
stronger-than-expected U.S. house sales data that signalled a
slowdown in housing may have bottomed out.



Read more at Reuters.com Market News

Exporters, Oil-Related Companies, KT&G Corp.: South Korea Equity Preview

(Bloomberg) -- The following shares may rise or fall
in South Korea. Prices refer to the May 25 close. This preview
includes news announced after markets shut. Stock symbols are in
brackets after the company names.

The Kospi index fell 0.1 percent to 1644.56. The Kosdaq rose
0.4 percent to 719.54. Kospi 200 futures expiring in June dropped
0.2 percent to 210.90, while the underlying index fell 0.3 percent
to 210.54.


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New Zealand Dollar May Fall as Consumer Confidence Declines a Third Month

(Bloomberg) -- The New Zealand dollar may fall on
speculation declining consumer and business confidence may curb
domestic demand, ensuring interest rates will be unchanged next week.

Consumer confidence fell for a third month in May, according to
a poll conducted for Television New Zealand published today.
Business confidence fell for a second month in April, according to
ANZ National Bank Ltd., which releases this month's survey May 31.
The currency has gained 3.1 percent this year as the Reserve Bank of
New Zealand raised interest rates twice to a record 7.75 percent to
curb consumer spending and housing demand.


Read more at Bloomberg Currencies News

Nigeria hikes local pump prices before handover

(Reuters) - The Nigerian government unexpectedly raised the pump price of fuel by 15 percent to 75 naira per litre on Sunday, an unpopular move that comes just three days before President Olusegun Obasanjo steps down.

The price hike, implemented at service stations without any official announcement, is likely to cause an immediate crisis for the incoming government of Umaru Yar'Adua, who takes over on Tuesday.


Read more at Reuters Africa

Russian Police Arrest Gay Rights Activists, European Lawmakers at Protest

(Bloomberg) -- Russian Police detained gay rights
activists and three European lawmakers as they demonstrated
outside the Moscow mayor's office today and Ultra-nationalists
also attacked the demonstrators.

Russian gay rights advocate Nikolai Alexeyev, who
organized today's event, and German parliament member Volker
Beck were pelted with eggs and then bundled into a police van
after attempting to deliver a letter to Moscow Mayor Yuri
Luzhkov requesting permission to hold a march in support of
gay rights in the city.


Read more at Bloomberg Emerging Markets News

Israeli Stocks Decline on Concern About Gaza, Rates, Led by Africa Israel

(Bloomberg) -- Israel's TA-25 Index fell following an
escalation of violence in the Gaza Strip. Africa Israel
Investment Ltd. paced the decline.

At least five Palestinians were killed in Israeli raids on
the Gaza Strip over the weekend. Israel is seeking to pressure
Hamas and other Palestinian militant groups to stop rocket
attacks on Sderot, an Israeli town near the border with Gaza.


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