(Reuters) - Neither Cadence nor Blackstone immediately returned calls seeking comment. KKR could not immediately be reached.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Sunday, June 3, 2007
Japan Stocks Gain on Stronger-Than-Expected U.S. Growth; Kobe Steel Surges
(Bloomberg) -- Japanese shares advanced after
reports showed employment and manufacturing growth in the U.S.,
Japan's largest overseas market, expanded more than expected.
Toyota Motor Corp., the world's No. 1 carmaker by market
value, added 1.2 percent. Kobe Steel Ltd. jumped 6.1 percent
after the Nikkei newspaper reported the company is expanding
output of aluminum auto parts as demand increases.
Read more at Bloomberg Stocks News
reports showed employment and manufacturing growth in the U.S.,
Japan's largest overseas market, expanded more than expected.
Toyota Motor Corp., the world's No. 1 carmaker by market
value, added 1.2 percent. Kobe Steel Ltd. jumped 6.1 percent
after the Nikkei newspaper reported the company is expanding
output of aluminum auto parts as demand increases.
Read more at Bloomberg Stocks News
Platinum Futures Little Changed in Tokyo Amid Signs of Industrial Demand
(Bloomberg) -- Platinum futures were little changed
in Tokyo after gaining earlier in the day on expectations
European jewelry demand and industrial purchases of the metal
will prompt some traders to buy out of bets on a decline.
Traders on the Tokyo Commodity Exchange last week took on
more futures contracts even as some were selling the metal
itself, a sign they're taking short positions, which bet on the
metal's decline, said John Reade, an analyst at UBS AG, in a
June 1 note to clients.
Read more at Bloomberg Commodities News
in Tokyo after gaining earlier in the day on expectations
European jewelry demand and industrial purchases of the metal
will prompt some traders to buy out of bets on a decline.
Traders on the Tokyo Commodity Exchange last week took on
more futures contracts even as some were selling the metal
itself, a sign they're taking short positions, which bet on the
metal's decline, said John Reade, an analyst at UBS AG, in a
June 1 note to clients.
Read more at Bloomberg Commodities News
Pertamina's Diesel Sellers Reject Its New Price Formula for Fuel Supplies
(Bloomberg) -- PT Pertamina's proposed new price
formula for diesel supplies in the second half was rejected by
the Indonesian state oil company's suppliers, including Kuwait
Petroleum Corp., PTT Pcl and Petroliam Nasional Bhd.
The suppliers disagreed on a proposed new price formula for
the supply of diesel cargoes with sulfur content of 0.35 percent
starting in July, said company officials involved in talks. They
declined to be identified because of confidentiality agreements.
Read more at Bloomberg Energy News
formula for diesel supplies in the second half was rejected by
the Indonesian state oil company's suppliers, including Kuwait
Petroleum Corp., PTT Pcl and Petroliam Nasional Bhd.
The suppliers disagreed on a proposed new price formula for
the supply of diesel cargoes with sulfur content of 0.35 percent
starting in July, said company officials involved in talks. They
declined to be identified because of confidentiality agreements.
Read more at Bloomberg Energy News
Fed Faces Growing Pressure to Raise Interest Rates, Options Market Shows
(Bloomberg) -- In the options market where the
savviest investors take apart conventional wisdom, the Federal
Reserve is facing growing pressure to consider raising interest
rates as soon as December.
Options on Federal Fund futures at the Chicago Board of
Trade indicate a 41 percent chance the central bank will lift
its target rate for overnight loans between banks to 5.5 percent
from the current 5.25 percent, according to data compiled by
Bloomberg. A month ago, they showed no expectations for an
increase.
Read more at Bloomberg Bonds News
savviest investors take apart conventional wisdom, the Federal
Reserve is facing growing pressure to consider raising interest
rates as soon as December.
Options on Federal Fund futures at the Chicago Board of
Trade indicate a 41 percent chance the central bank will lift
its target rate for overnight loans between banks to 5.5 percent
from the current 5.25 percent, according to data compiled by
Bloomberg. A month ago, they showed no expectations for an
increase.
Read more at Bloomberg Bonds News
Philippine Peso at Highest Since September 2000; South Korean Won May Drop
(Bloomberg) -- The Philippine peso rose, extending a
rally to the strongest since September 2000, on optimism the pace
of economic growth will attract international investors.
The currency climbed as the benchmark Philippine stock index
advanced to a second straight record. The gains came after the
government last week said the expansion in gross domestic product
quickened in the first three months of the year, fueled by
consumer spending and exports.
Read more at Bloomberg Currencies News
rally to the strongest since September 2000, on optimism the pace
of economic growth will attract international investors.
The currency climbed as the benchmark Philippine stock index
advanced to a second straight record. The gains came after the
government last week said the expansion in gross domestic product
quickened in the first three months of the year, fueled by
consumer spending and exports.
Read more at Bloomberg Currencies News
Asian Equities Rise to Third Straight Record on U.S. Growth; Toyota Gains
(Bloomberg) -- Asian stocks rose to a third straight
record after reports showed employment and manufacturing growth in
the U.S. expanded more than expected and metals prices gained.
Toyota Motor Corp., which overtook General Motors Corp. as
the world's biggest automaker by market value, climbed to a 10-
week high on speculation demand in the region's largest export
market will be sustained. BHP Billiton Ltd., the No. 1 mining
company, climbed for a third day.
Read more at Bloomberg Stocks News
record after reports showed employment and manufacturing growth in
the U.S. expanded more than expected and metals prices gained.
Toyota Motor Corp., which overtook General Motors Corp. as
the world's biggest automaker by market value, climbed to a 10-
week high on speculation demand in the region's largest export
market will be sustained. BHP Billiton Ltd., the No. 1 mining
company, climbed for a third day.
Read more at Bloomberg Stocks News
Markets rise in Asia
(Reuters) - A batch of reports on Friday showed the number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May, factory activity improved and consumers remained upbeat, suggesting the world's biggest economy was bouncing back.
"The U.S. employment and manufacturing data were strong, and that's good news for the U.S. economy," said Kim Joong-hyun, an analyst at Goodmorning Shinhan Securities.
Read more at Reuters.com Hot Stocks News
"The U.S. employment and manufacturing data were strong, and that's good news for the U.S. economy," said Kim Joong-hyun, an analyst at Goodmorning Shinhan Securities.
Read more at Reuters.com Hot Stocks News
Japan Stocks Gain on Stronger-Than-Expected U.S. Growth; Shipowners Surge
(Bloomberg) -- Japanese shares advanced after
reports showed employment and manufacturing growth in the U.S.,
Japan's largest overseas market, expanded more than expected.
Sony Corp., the world's biggest video-game player, and
Honda Motor Co., which made more than half of its sales in North
America, led gains.
Read more at Bloomberg Stocks News
reports showed employment and manufacturing growth in the U.S.,
Japan's largest overseas market, expanded more than expected.
Sony Corp., the world's biggest video-game player, and
Honda Motor Co., which made more than half of its sales in North
America, led gains.
Read more at Bloomberg Stocks News
UPDATE 1-Blackstone to buy brokerage Alliant Insurance
(Reuters) - NEW YORK, June 3 - The Blackstone Group [BG.UL]
struck a deal to buy its first insurance brokerage firm, saying
on Sunday it will purchase privately held Alliant Insurance
Services Inc.
Terms of the deal were not disclosed, but a source close to
the process said Blackstone will pay $1.2 billion.
Read more at Reuters.com Mergers News
struck a deal to buy its first insurance brokerage firm, saying
on Sunday it will purchase privately held Alliant Insurance
Services Inc.
Terms of the deal were not disclosed, but a source close to
the process said Blackstone will pay $1.2 billion.
Read more at Reuters.com Mergers News
Australian Current-Account Deficit Probably Shrank Last Quarter on Exports
(Bloomberg) -- Australia's current account deficit
probably narrowed in the first quarter as exports climbed and
companies paid less interest on their overseas borrowings.
The deficit, the broadest measure of trade because it
includes investment flows, narrowed to A$14.8 billion ($12.3
billion) in the three months ended March 31 from a record A$15.1
billion the previous quarter, according to the median estimate
of 22 economists surveyed by Bloomberg News. The Bureau of
Statistics releases the report tomorrow at 11:30 a.m. in Sydney.
Read more at Bloomberg Bonds News
probably narrowed in the first quarter as exports climbed and
companies paid less interest on their overseas borrowings.
The deficit, the broadest measure of trade because it
includes investment flows, narrowed to A$14.8 billion ($12.3
billion) in the three months ended March 31 from a record A$15.1
billion the previous quarter, according to the median estimate
of 22 economists surveyed by Bloomberg News. The Bureau of
Statistics releases the report tomorrow at 11:30 a.m. in Sydney.
Read more at Bloomberg Bonds News
Tropical Storm Barry Moves Into Mid-Atlantic Region With Moderate Rainfall
(Bloomberg) -- The remnants of Tropical Storm Barry
inched into the Mid-Atlantic region today from the U.S.
Southeast where it unleashed as much as seven inches of rain and
helped knock down wildfires in Florida and Georgia.
Rainfall was expected to be light to moderate today,
soaking Virginia, Maryland, West Virginia and Washington, D.C.,
with as much as two-tenths of an inch per hour accumulating to
two to three inches, the National Weather Service said.
Read more at Bloomberg Energy News
inched into the Mid-Atlantic region today from the U.S.
Southeast where it unleashed as much as seven inches of rain and
helped knock down wildfires in Florida and Georgia.
Rainfall was expected to be light to moderate today,
soaking Virginia, Maryland, West Virginia and Washington, D.C.,
with as much as two-tenths of an inch per hour accumulating to
two to three inches, the National Weather Service said.
Read more at Bloomberg Energy News
Sabic Agrees $9 Billion Borrowing With Four Banks to Pay For GE Plastics
(Bloomberg) -- Saudi Basic Industries Corp., the
world's biggest chemical maker by market value, agreed on a $9
billion borrowing plan with a group of four lenders to help fund
its acquisition of General Electric Co.'s plastics unit.
Citigroup Inc., HSBC Holdings Plc, ABN Amro Holding NV and
GE Capital will underwrite Saudi Basic's loans and bonds, Mutlaq
al-Morished, the Riyadh-based company's chief financial officer,
said in a phone interview today. JPMorgan Chase & Co. may also
join the group, he said.
Read more at Bloomberg Bonds News
world's biggest chemical maker by market value, agreed on a $9
billion borrowing plan with a group of four lenders to help fund
its acquisition of General Electric Co.'s plastics unit.
Citigroup Inc., HSBC Holdings Plc, ABN Amro Holding NV and
GE Capital will underwrite Saudi Basic's loans and bonds, Mutlaq
al-Morished, the Riyadh-based company's chief financial officer,
said in a phone interview today. JPMorgan Chase & Co. may also
join the group, he said.
Read more at Bloomberg Bonds News
Anglo American considering Tarmac auction - paper
(Reuters) - Mining firm Anglo American Plc is considering a 3 billion pound auction of its building materials division Tarmac, the Sunday Times newspaper reported.
The newspaper said French cement maker Lafarge had already expressed an interest in buying the business, without giving sources.
Read more at Reuters Africa
The newspaper said French cement maker Lafarge had already expressed an interest in buying the business, without giving sources.
Read more at Reuters Africa
EU governments seek new design for CO2 trade scheme
(Reuters) - European Union nations are moving closer to redesigning the bloc's emissions trading scheme to force industry to pay more to emit carbon dioxide and hand Brussels greater authority to set EU-wide emissions caps.
In a series of interviews over the weekend, EU environment ministers meeting in Germany said consensus was emerging that the permits limiting industrial emissions should be sold to companies participating in the scheme, rather than given away.
Read more at Reuters Africa
In a series of interviews over the weekend, EU environment ministers meeting in Germany said consensus was emerging that the permits limiting industrial emissions should be sold to companies participating in the scheme, rather than given away.
Read more at Reuters Africa
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