France's Renault, India's Bajaj in initial talks

(Reuters) - "If concluded favourably, this could lead to a long-term
partnership between Renault and Bajaj for the development of the
business so conceived," it said.




On Thursday, a Renault spokeswoman said the company had
contacted Bajaj about a $3,000 car but no decision had been
taken.


Read more at Reuters.com Mergers News

Deripaska eyes Ford's Land Rover, Jaguar -magazine

(Reuters) - The magazine quoted a spokeswoman for the GAZ Group as
saying: "We have already announced before that we are interested
in growing through mergers and acquisitions."




Another firm owned by Deripaska, Basic Element, agreed in
May to invest $1.54 billion in Canadian auto parts supplier
Magna .


Read more at Reuters.com Mergers News

IMF's Rato - China currency policy constrains all Asia

(Reuters) - If China let its yuan currency find its value more freely, other Asian nations' currencies could appreciate without fear of losing exports, International Monetary Fund chief Rodrigo de Rato said.

In a speech prepared for delivery on Saturday to a bankers' conference in Bangkok, Thailand, Rato suggested that China's managed currency was helping fuel potentially dangerous protectionist sentiments. The text was released in advance in Washington.


Read more at Reuters Africa

European Stocks Decline on Credit Concerns; Allianz, Anglo American Slide

(Bloomberg) -- European stocks had their biggest
weekly drop in almost five months on concern difficulties in the
credit market may curb mergers and acquisitions as investors are
shying away from risky debt.

Allianz SE and UBS AG led declines by financial companies.
Anglo American Plc, the world's second-largest mining company,
paced a retreat in mining shares as copper prices fell on
speculation a slump in homebuilding will reduce demand in the
U.S.


Read more at Bloomberg Stocks News