Allianz, Norddeutsche Affinerie, Siemens May Move: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets. Stock symbols are in parentheses after the
company names and prices are from the previous Xetra close unless
otherwise stated.

DAX futures expiring in September added 10.50, or 0.1
percent, to 7943.50 at 8:15 a.m. in Frankfurt. The DAX dropped
1.5 percent to 7874.85 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News

Gold holds steady on weaker dollar, Tokyo dips

(Reuters) - Gold was mostly steady on Monday as the dollar fell to a record low against the euro and a six-week low against the yen, while Tokyo gold futures gave up earlier gains and fell.

The dollar was hurt by continuing worries about the U.S. subprime mortgage sector and some unwinding of yen carry trades, which involves the selling of low-yielding currencies, such as the yen, to invest in higher-yielding currencies and assets.


Read more at Reuters Africa

Shanghai Copper Prices Rise on Speculation China Demand May Outpace Supply

(Bloomberg) -- Copper prices in Shanghai rose for a
fourth day to the highest in 10 weeks, tracking gains in London,
on speculation that supply may lag behind demand growth in China,
the world's largest consumer of the metal.

Nine Chinese copper smelters, which produce 68 percent of
the nation's production, may lower output by between 10 percent
and 15 percent in the second half of this year because they can't
cover the cost of buying and processing imported raw material.
Imports of refined copper and alloy to China fell 6.8 percent in
June from May, the customs office said today.


Read more at Bloomberg Commodities News

Rubber Falls as Yen Advances Against Dollar, China's Imports Fall in June

(Bloomberg) -- Rubber futures in Tokyo fell for a
first day in four as the yen strengthened to a one-month high
against the dollar and China reported imports of the commodity
declined last month.

A gain in Japan's currency damps the value of yen-
denominated contracts for commodities such as rubber, which
trades globally in dollars. China's natural rubber imports
dropped 1 percent in June to 118,417 metric tons from a year ago,
the Beijing-based Customs General Administration said today.


Read more at Bloomberg Commodities News

UPDATE 1-Multiplex formally recommends Brookfield bid

(Reuters) - An independent expert's report on Multiplex valued the
company, the builder of Britain's much delayed Wembley Stadium,
at A$4.62 to A$5.26 a share, it said in a target statement to
shareholders.




Shares in Multiplex were steady at A$4.97 at 0223 GMT.


Read more at Reuters.com Mergers News

Air China Plans to Add Routes, Staff to Accommodate Olympic Travel Demand

(Bloomberg) -- Air China Ltd., the nation's largest
international carrier, will add routes and staff as the 2008
Olympic Games fuel demand for travel to its hub, Beijing.

Air China will operate more flights to the U.K., France and
Russia, as well as to the U.S., Senior Vice President Zhang Lan
said in an interview in Beijing. It's also applying to add a
route to Pyongyang, capital of North Korea.


Read more at Bloomberg Emerging Markets News

China's Yuan Advances on Speculation Currency Policy to Help Cool Growth

(Bloomberg) -- The yuan rose by the most in almost
two weeks on speculation China will pursue a stronger currency to
cool economic growth, after the central bank last week raised
interest rates for the third time since March. Bonds may drop.

A stronger yuan would curb export sales that have flooded
the financial system with cash, driving the fastest pace of
economic expansion in 12 years in the second quarter. The
currency gained 0.4 percent in June as the trade surplus widened
87 percent from a year ago to an all-time high of $26.9 billion.


Read more at Bloomberg Currencies News

Bear Stearns Shares Show Cayne's Dummy `Body Blow' Won't Prove Massive

(Bloomberg) -- When Bear Stearns Cos. Chief
Executive Officer James E. ``Jimmy'' Cayne told the New York
Times the failure of the firm's hedge funds was a ``body blow of
massive proportion,'' he may have been using a tactic honed in
three decades of championship bridge.

To win the card game, a player sometimes will misstate the
number of tricks he can win to dupe opponents into
underestimating his hand. So far, Bear Stearns shareholders
aren't showing much anxiety. The stock has outperformed its peers
since Cayne's remarks were published on June 29, even after Bear
Stearns told investors in the High-Grade Structured Credit
Strategies and High-Grade Structured Credit Strategies Enhanced
Leverage funds that almost all of their money was wiped out.


Read more at Bloomberg Stocks News

WEEKAHEAD-Emerging debt eyes cenbank rulings, subprime fallout

(Reuters) - "Emerging markets managed to hold their ground last week
despite ongoing flight-to-quality in US markets," wrote
Toronto-based RBC.




"However, if there are ongoing revelations of forced
liquidations, CDO rating downgrades and hedge fund closures, we
expect the US corporate market's woes to have an increasing
impact on emerging markets." it added.


Read more at Reuters.com Bonds News

Is that a fake in your pocket? Quite possibly...

(Reuters) - "The most dramatic change in attitudes towards fakes is that
they have reached their tipping point. They have become socially
acceptable," the study said.




Two-thirds of Britons readily admit to peers that they have
bought a counterfeit product, it showed.


Read more at Reuters.com Government Filings News

Deal or not, Macy's investors could win - Barron's

(Reuters) - Macy's shares ended the week at $41.92. Barron's said Macy's
is ripe for a buyout and could fetch more than $52 a share in a
takeover.




However, Barron's also said that even without a deal, Macy's
shareholders could be in for a boost, because the company's
current management has ample room to cut costs and improve
marketing -- and may even find itself in a position to finance
hefty stock buybacks.


Read more at Reuters.com Bonds News

Warner Music eyes UK's Chrysalis music arm: papers

(Reuters) - The Financial Mail's unsourced report said the division's current value was around 90 million pounds but that it could fetch as much as 180 million.




Chrysalis Group said last month it planned to sell its radio business for 170 million pounds to a private equity firm, leaving Chrysalis as a pure music company.


Read more at Reuters.com Business News