Japanese Shares Gain, Led by Toyota; Nippon Mining, Metals Producers Climb

(Bloomberg) -- Japanese shares gained, led by
automakers, on speculation Toyota Motor Corp.'s U.S. sales rose
in May and that the company will report higher-than-estimated
earnings for the first three months of this business year.

Denso Corp. and Aisin Seiki Co., Toyota affiliates that
make auto parts, jumped. Nippon Mining Holdings Inc. and Mitsui
& Co. advanced after prices of crude oil and metals climbed.


Read more at Bloomberg Stocks News

Oil above $68 after surprise US crude stock draw

(Reuters) - Oil held steady above $68 a barrel on Friday, building on the previous day's gains after an unexpected fall in U.S. crude oil stockpiles.

London Brent crude oil currently a better indicator of the global market than U.S. oil, rose 19 cents to $68.23 a barrel by 0551 GMT, having settled up 20 cents on Thursday. U.S. crude was up 19 cents at $64.20 a barrel.


Read more at Reuters Africa

John McCain Confronts Rivals on Immigration to Regain His Maverick Aura

(Bloomberg) -- John McCain is betting that he can
revive his reputation for straight talk, and his campaign, by
challenging his rivals for the Republican nomination on the issue
of immigration.

McCain, 70, is championing legislation that the other
contenders, and many of the party's core voters, denounce as an
amnesty program for illegal immigrants. While some Republican
strategists say this strategy risks political suicide, the
Arizona senator said he is following a contrarian script that has
served him well.


Read more at Bloomberg Currencies News

Dell Shares Rise on Profit, Sales Report as Founder Displays `Magic' Touch

(Bloomberg) -- Dell Inc. shares surged after first-
quarter profit topped analysts' expectations, a sign founder
Michael Dell's return to the helm is making a difference at the
world's second-largest personal-computer maker.

The shares rose as much as 8.3 percent yesterday in late
trading after the Round Rock, Texas-based company said a 14
percent jump in average selling prices of its products and lower
part costs helped boost first-quarter revenue and margins.


Read more at Bloomberg Stocks News

Copper in Shanghai Rises for Second Day as Global Inventories Decline

(Bloomberg) -- Copper prices in Shanghai rose for a
second day after global inventories fell to a seven-month low and
as demand for the metal in China, the world's biggest consumer,
is forecast to rise this year.

Inventories of copper tracked by the London Metal Exchange
dropped 1 percent to 128,925 metric tons, the lowest since Oct.
27. Shanghai exchange stockpiles also fell 0.5 percent from a
three-year high in the past week to 99,027 tons. The exchange
will announce weekly stockpiles later today.


Read more at Bloomberg Commodities News

Malaysia's Exports Probably Recovered in April as Commodities Demand Rose

(Bloomberg) -- Malaysia's exports probably resumed
growth in April after falling the previous two months, as demand
for the country's electronics and commodities exports improved.

Overseas sales grew 4.1 percent from a year earlier, after
declining 4.3 percent in the previous month and 2.8 percent in
February, according to the median forecast of 13 economists in a
Bloomberg survey. The trade ministry is due to release the data
in Kuala Lumpur at 12:01 p.m. on June 4.


Read more at Bloomberg Emerging Markets News

Japanese Shares Advance, Paced by Toyota; Inpex, Metals Producers Climb

(Bloomberg) -- Japanese shares gained, led by
automakers, on speculation Toyota Motor Corp.'s U.S. sales rose
in May and that the company is likely to report higher-than-
estimated earnings for the first three months of this business
year.

Denso Corp. and Aisin Seiki Co., auto-part maker affiliates
of Toyota, jumped. Inpex Holdings Inc. and Mitsui & Co. advanced
after prices of crude oil and metals climbed.


Read more at Bloomberg Stocks News

South Korean Shares Rise to Record, Set to Complete Longest Weekly Rally

(Bloomberg) -- South Korea's Kospi index rose to a
high, poised to round off a record 13th week of gains. Samsung
Electronics Co. climbed after prices for dynamic random access
memory, or DRAM, jumped by the most in nine months and CJ
Investment & Securities Co. said prices have ``bottomed out.''

Samsung Heavy Industries Co. advanced after it said it
would buy back 467.4 billion won ($504.4 million) worth of
shares.


Read more at Bloomberg Stocks News

Japan's Government Bonds Drop, 10-Year Yields Reach Highest Since October

(Bloomberg) -- Japan's government bonds fell for a
second day.

The yield on the 1.7 percent security due March 2017 rose 2
basis points to 1.77 percent as of 9:20 a.m. in Tokyo, according
to Japan Bond Trading Co. That was the highest since October.
The yield on the benchmark five-year bond rose 3 basis points to
1.375 percent, the highest since August 2006. A basis point is
0.01 percentage point.


Read more at Bloomberg Bonds News

Calif. regulator seeks to reform title insurance

(Reuters) - He has submitted a new set of regulations to govern title
insurers, which will become effective on Jan. 1, 2009. The new
rules will be refined before that date and the agency will seek
feedback from the industry.




"Because there is no meaningful competition in the title
industry, consumers are paying unnecessarily high rates,"
Poizner said in his prepared statement. "These regulations will
ensure that prices are fair."


Read more at Reuters.com Government Filings News

China, Indonesia, Sri Lanka, Malaysia, Singapore: Asia Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.

China: The central bank yesterday sold 30 billion ($3.9
billion) of 91-day bills at a yield of 2.7461 percent. The
government will set up a budget to manage the revenue and
expenditure of state-owned companies, Xinhua News Agency
reported on May 30, citing a decision by a State Council meeting.
The budget will collect earnings from state-owned companies and
spend the funds on economic restructuring, compensating state
firms for reforms and injecting money into the social security
fund, Xinhua said.


Read more at Bloomberg Bonds News

BHP Billiton, Rio Tinto, Woodside Petroleum: Australian Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may rise or fall in Australia. This preview includes
news announced after markets closed yesterday. Prices are from
yesterday's close unless otherwise stated. Stock symbols are in
brackets after the company names.

The S&P/ASX 200 Index futures contract due in June added 0.1
percent to 6340 at 6:59 a.m. in Sydney. The Bank of New York
Australia ADR Index rose 0.8 percent in New York.


Read more at Bloomberg Stocks News

ICE's Sprecher Tell CBOT Shareholders He Will Bypass Board in Takeover Bid

(Bloomberg) -- Intercontinental Exchange Inc. Chief
Executive Officer Jeff Sprecher told shareholders of the Chicago
Board of Trade he was willing to work directly with them and
bypass the board of directors in its $10.9 billion acquisition
bid.

The Board of Trade's directors chose a $9.8 billion offer
from the Chicago Mercantile Exchange earlier this month. Sprecher
yesterday offered to resolve a long-standing dispute between the
Board of Trade and the Chicago Board Options Exchange. Most of
the questions posed to Sprecher concerned the deal to potentially
solve the so-called exercise right.


Read more at Bloomberg Energy News

New Zealand Dollar Heads for First Weekly Gain Since April on Yield Gap

(Bloomberg) -- New Zealand's dollar is heading for its
first weekly gain since April amid speculation central bank
Governor Alan Bollard could raise interest rates next week,
buoying demand from investors who borrow at lower rates overseas.

New Zealand's currency has gained 5.1 percent the past three
months as the central bank raised borrowing costs in March and
April to a record 7.75 percent. There is a 24 percent chance of a
quarter-point rise in the benchmark interest rate at the June 7
review, according to an index calculated by Credit Suisse.


Read more at Bloomberg Currencies News

UPDATE 1-Hovnanian posts 2nd-quarter loss, withdraws forecast

(Reuters) - For the fiscal second quarter ended April 30, Hovnanian
posted a net loss of $30.7 million, or 49 cents per share,
compared with a profit of $101.0 million, or $1.55 a share, in
the year-earlier quarter.




On May 4, the Red Bank, New Jersey-based company said it
expected a loss of 45 cents to 50 cents per share, including
land impairment and predevelopment write-offs.


Read more at Reuters.com Bonds News

Liquor Barn CEO rejects sweeter takeover bid

(Reuters) - Mather, who previously said he would oust most of his
company's board and lead a turnaround effort himself, urged
Liquor Barn unitholders on Thursday to reject the new bid.




"There are some key issues that Liquor Barn unitholders
need to understand to make an informed choice," he said in a
statement.


Read more at Reuters.com Mergers News

UPDATE 1-Argentina says no proposal to OECD on Paris Club

(Reuters) - The spokesman for Economy Minister Felisa Miceli told
Reuters: "The Argentine government has not presented any
proposal regarding this issue."




Three local newspapers reported on Thursday that
Argentina's secretary for economic policy, Oscar Tangelson,
said the government had discussed this possibility at an OECD
meeting in Paris last week.


Read more at Reuters.com Bonds News

J. Crew first quarter net profit rises

(Reuters) - Net income for the first quarter was $24.6 million, or 39 cents per share, up from $7.8 million, or 12 cents per share, a year ago.



Analysts on average were expecting 30 cents per share, according to Reuters Estimates.


Read more at Reuters.com Market News

Buy.com files with SEC to withdraw IPO plans

(Reuters) - Thomas Weisel Partners LLC and Stifel Nicolaus were listed
as underwriters for the offering.




Read more at Reuters.com Government Filings News

UPDATE 1-Quanex quarterly earnings fall 23 percent

(Reuters) - Quanex raised the bottom of its full year earnings per
share forecast, citing expectations for an improving automotive
outlook and some new programs for its building group.




Net income fell to $32.8 million, or 84 cents per share, in
its second quarter ended April 30, from $42.8 million, or $1.07
per share, a year earlier. Net sales rose 2.4 percent to $519.4
million.


Read more at Reuters.com Market News

Crude Oil Climbs After U.S. Petroleum Inventories Unexpectedly Decline

(Bloomberg) -- Crude oil in New York rose after a
government report showed an unexpected decline in U.S.
inventories.

Supplies of crude oil fell 1.96 million barrels to 342.2
million barrels in the week ended May 25, the Energy Department
reported today. A gain of 1 million barrels was expected,
according a Bloomberg News survey. Gasoline stockpiles rose 1.36
million barrels to 198 million. Crude-oil imports fell 8 percent
and gasoline imports jumped 24 percent, the report showed.


Read more at Bloomberg Commodities News

Sugar in New York Falls for Third Day as Brazil Forecasts Record Harvest

(Bloomberg) -- Sugar futures in New York fell for a
third-straight day after Brazil, the largest producer, said it
will have a record sugarcane crop, adding to a global surplus of
the sweetener.

Brazilian farmers will reap 528 million metric tons in the
current harvest, up from 474.8 million tons in the previous
season, the agricultural ministry said today in its first
estimate of this year's crop. Sugar output will rise to
31.3 million tons from 30.2 million tons, the agency said.


Read more at Bloomberg Commodities News

Appeals court denies bid to block Western-Giant link

(Reuters) - The ruling, issued by the U.S. Court of Appeals for the Tenth Circuit, could allow Western to close the deal for Giant as early as Thursday, although the court said it would hear arguments in September on whether to overturn a lower court's ruling not to block the buyout.




The FTC will proceed with the appeal to try to block the deal, but the companies were now free to complete the link-up, a spokesman said.


Read more at Reuters.com Government Filings News

Brocade to pay $7 mln to settle stock option fraud

(Reuters) - "Brocade is being held accountable for the egregious and
long-running misconduct of its former CEO and other former
executives who misled investors and obscured the company's
financial condition and performance," the SEC stated.




Read more at Reuters.com Government Filings News

No subprime impact seen on credit card ABS-Moody's

(Reuters) - Moody's expects delinquencies and net charge-offs to
gravitate back toward, but probably not exceed, levels that
existed in 2005 before bankruptcy legislation caused
delinquencies to ease.




However, should the economy slow at a faster rate than
expected, then the pace of deterioration could accelerate, it
said in a recent report.


Read more at Reuters.com Bonds News

Orange Juice Falls to Five-Week Low as Rains May Ease Florida Crop Damage

(Bloomberg) -- Orange-juice futures fell to a five-
week low on speculation that rains will ease the risk of damage
to the citrus crop in Florida, the largest orange producer after
Brazil.

Rain may fall in citrus-growing regions including Polk,
Hendry and Highlands counties tomorrow through June 6, the
National Weather Service said. Wholesale orange juice had jumped
6.6 percent during the first two weeks of May as dry weather
threatened groves still recovering from hurricane damage in 2004
and 2005.


Read more at Bloomberg Commodities News

Treasuries Decline, Pushing Yields to the Highest Since August in the U.S.

(Bloomberg) -- U.S. Treasuries fell, pushing the
benchmark 10-year note's yield to its highest level since August,
after a measure of business activity rose more than forecast.

Expectations the Federal Reserve will cut interest rates
this year fell to the lowest since last July as the National
Association for Purchasing Management-Chicago report indicated
the economy is rebounding from a first-quarter slowdown. U.S.
equities extended an advance that yesterday pushed the Standard &
Poor's 500 Index to a record.


Read more at Bloomberg Bonds News

Tribune says holders tender 52 pct of outstanding stock

(Reuters) - The company will start payment for these shares by June 5,
the statement added.





Read more at Reuters.com Mergers News

CORRECTED: GE employee sues, charging gender discrimination

(Reuters) - In papers prepared for filing in U.S. District Court in Connecticut, Lorene Schaefer charged the world's second-largest company by market capitalization with gender discrimination. The suit also names 13 GE officers and directors, including Chairman and Chief Executive Jeff Immelt.




Her suit, which is seeking class-action status, seeks $500 million in damages for a class of about 1,500 GE women workers, according to a statement issued by her attorneys, David Sanford and Steven Wittels of Sanford Wittels & Heisler LP.


Read more at Reuters.com Business News

Brazil's Real Trades at 7-Year High on Investor Purchases of Stocks, Bonds

(Bloomberg) -- Brazil's real rose to an almost
seven-year high, boosted by foreign investment in the country's
stock and bond markets.

The real has gained about 10 percent against the dollar
this year, the most among the 16 most actively traded
currencies. Fitch Ratings and Standard & Poor's this month
raised Brazil's foreign debt rating to BB+, one level below
investment grade.


Read more at Bloomberg Currencies News

UPDATE 2-CIBC profit rises 38 pct but stock slips

(Reuters) - TORONTO, May 31 - Lower taxes and higher retail
banking profits, including a boost from a Caribbean
acquisition, helped lift second-quarter profits by 38 percent
at Canadian Imperial Bank of Commerce , or C$2.27 a
share diluted, in the three months to April 30, up from C$585
million, or C$1.63 a share, in the year-ago period.


Read more at Reuters.com Market News

TREASURIES-Bond prices edge lower after mixed US data

(Reuters) - NEW YORK, May 31 - Benchmark U.S. government bond
prices edged lower on Thursday after mixed U.S. economic data
reinforced investors the view that the Federal Reserve may hold
official overnight interest rates steady for some time.




A recent run of fairly robust economic reports has reduced
market expectations for rate cuts and benchmark bond yields
have risen to four-month highs, with the 10-year yield climbing
to 4.90 percent last week, its highest since late January.


Read more at Reuters.com Bonds News

Bush taps McCormick for Treasury international post

(Reuters) - The undersecretary for international affairs is a key post for Treasury. It involves handling global issues as wide-ranging as shaping the U.S. relationship with key emerging powers like China and pushing for reform of institutions like the International Monetary Fund and World Bank.




The job has been vacant since late April when Tim Adams resigned, saying he wanted to spend more time with his family. The first White House nominee for the post, JPMorgan Chase executive Tim Ryan, withdrew his name from consideration, citing personal reasons.


Read more at Reuters.com Bonds News

Oil Rises After Government Report of Unexpected Decline in U.S. Supplies

(Bloomberg) -- Crude oil rose after a government
report showed an unexpected decline in U.S. inventories.

Supplies of crude oil fell 1.96 million barrels to 342.2
million barrels in the week ended May 25, the Energy Department
reported today. A gain of 1 million barrels was expected,
according to the median of 15 responses in a Bloomberg News
survey.


Read more at Bloomberg Energy News

Dollar rises on strong Chicago PMI

(Reuters) - The dollar rose against the yen and trimmed losses against the euro on Thursday after a report showed business activity in the U.S. Midwest expanded at a faster pace than expected.

The data offset a weaker-than-expected U.S. economic growth number for the first quarter reported earlier and reduced the perceived chances of interest rate cuts by the Federal Reserve this year. Markets still expect the Fed to hold rates steady at its next monetary policy meetings in June and August.


Read more at Reuters Africa

Central European Shares Gain; Pekao, BRE Lead Rally on ING `Buy' Rating

(Bloomberg) -- Central European shares gained, led by
BRE Bank SA, Bank Pekao SA and Bank BPH SA after ING Groep NV
advised investors to buy the stocks of Polish lenders, citing the
outlook for earnings growth.

Voestalpine AG advanced after Deutsche Bank AG raised its
share-price estimate for Austria's largest steelmaker.


Read more at Bloomberg Stocks News

Sears Holdings quarterly net up, but sales slip

(Reuters) - Sales fell 2.5 percent to $11.7 billion. Sales at stores open at least a year fell 4.7 percent at Kmart and 2.4 percent at U.S. Sears stores.




"In part, our domestic operating results reflect the impact of some of the same challenges being faced by our customers, such as rising energy costs and a slower housing market," Aylwin Lewis, Sears' chief executive, said in a release. "However, as an organization, we need to overcome these factors by better controlling costs and developing innovative solutions that better meet our customers' needs."


Read more at Reuters.com Business News

Crude Oil Declines on Expectations U.S. Will Report Gasoline Supply Gain

(Bloomberg) -- Crude oil fell before a government
report that's expected to show U.S. gasoline inventories climbed
for a fourth week.

Gasoline stockpiles increased 1.5 million barrels in the
week ended May 25, according to the median of responses by 15
analysts before today's Energy Department report. Gasoline
stockpiles increased 3.6 million barrels in the three weeks ended
May 18. Refiners typically boost motor-fuel output before the
peak-demand summer-driving season, which began last weekend.


Read more at Bloomberg Energy News

Brocade to pay $7 mln to settle options case - WSJ

(Reuters) - Brocade spokeswoman Leslie Davis declined to confirm the
settlement. "We do not have any further updates at this time,"
she said.




The SEC could not be reached immediately.


Read more at Reuters.com Government Filings News

Pfizer, Glaxo Are Poised to Emulate Genentech in Breakthroughs on Cancer

(Bloomberg) -- The best time to buy Pfizer Inc. and
GlaxoSmithKline Plc may be now, with their shares at a five-year
low relative to earnings and about two dozen treatments in
development designed to attack cancer.

Pfizer, the largest pharmaceutical company, is valued at
12.3 times profit, far from its peak of 72 times in 1998. Glaxo,
the second-biggest drugmaker, has a price-earnings ratio of 13.3,
the lowest in at least five years.


Read more at Bloomberg Exclusive News

European Yields Hold Near Five-Year High on Rising Optimism, Rates Outlook

(Bloomberg) -- European two-year government note
yields held near the highest in five years as investors add to
bets the region's central bank will increase interest rates
further on signs of faster expansion in the 13-nation economy.

Benchmark two-year yields have climbed a quarter of a
percentage point in May as a report today showed confidence in
the $10.4 trillion euro region economy climbed this month to the
highest in almost six years. The European Central Bank has
signaled it will raise borrowing costs next week.


Read more at Bloomberg Bonds News

UPDATE 1-Canada economy surges in first quarter

(Reuters) - OTTAWA, May 31 - The Canadian economy grew more
than twice as fast in the first quarter of 2007 as in the
previous quarter, setting the stage for the Bank of Canada to
begin hiking interest rates soon.




Statistics Canada said on Thursday that gross domestic
product grew 3.7 percent on an annualized basis, topping
analysts' estimate of a 3.5 percent gain and up from 1.5
percent in the fourth quarter. It was the fastest quarterly
growth clip since the third quarter of 2005.


Read more at Reuters.com Economic News

Blyth posts quarterly profit versus year-ago loss

(Reuters) - Last year's loss included a pre-tax charge of $40.7 million
related to the sale of Blyth's European wholesale business.




Read more at Reuters.com Market News

Israel's Clal Insurance buys U.S insurer Guard

(Reuters) - Clal said in a statement to the Tel Aviv Stock Exchange it
had paid an additional $10 million for Guard, which focuses on
workers' compensation.




In order to help finance the acquisition, Clal said it had
received a loan of $46 million from an international bank.


Read more at Reuters.com Mergers News

AltaGas, LionOre, Menu Foods, Suncor Energy: Canadian Equity Preview

(Bloomberg) -- The following is a list of companies
whose shares may have unusual price changes in Canadian markets.
This preview includes news that broke after markets closed.
Symbols are in parentheses after company names and prices are
from the last close.

The Standard & Poor's/TSX Composite Index rose 118.99, or
0.9 percent, to 14,081.71 yesterday.


Read more at Bloomberg Stocks News

TREASURIES-Bond prices little changed before US GDP data

(Reuters) - A recent run of fairly robust economic data has reduced
market expectations for rate cuts and benchmark bond yields
have risen to four month highs, with the 10-year yield climbing
to 4.90 percent last week, its highest since late January.




Wednesday's release of minutes of the Fed's May 9 policy
setting meeting also weighed on rate cut expectations. Interest
rate futures signaled the implied chance of a single Fed ease
in 2007 slipped to 42 percent, down from the start of the month
when futures priced between one and two 25-basis point Fed rate
cuts by year-end.


Read more at Reuters.com Bonds News

Malaysia Shares Have Record Winning Streak on Ringgit, Palm Oil, Economy

(Bloomberg) -- Malaysia stocks, Southeast Asia's
most expensive, are the only ones in Asia that have risen for 11
straight months. The rally may have further to run as rising
government spending and wages lift earnings.

``We're a lot more bullish than some people on Malaysia,''
said Hugh Young, who oversees $35 billion as managing director
at Aberdeen Asset Asia Ltd. in Singapore. ``The market may not
be cheap, but we're bullish on what's happening in that
market.'' The firm this year added to its stake in Bumiputra-
Commerce Holdings Bhd., Malaysia's second-biggest bank, and owns
stock in British American Tobacco Bhd., the nation's biggest
cigarette maker.


Read more at Bloomberg Stocks News

All America Latina, Banorte, Votorantim: Latin American Equity Preview

(Bloomberg) -- The following stocks may make
significant gains or losses in Brazil and Mexico today. Symbols
are in parentheses after the company name, and stock prices are
from the last session.

In Brazil, preferred shares are the most commonly traded
class of stock.


Read more at Bloomberg Stocks News

JGBs fall on stocks rebound, BOJ move eyed

(Reuters) - Short-term bonds remained under pressure as investors have
grown wary about a rate hike by the Bank of Japan in the coming
months, sending two-year yields to a 10-year high.




"While the stock market is approaching 18,000 and overseas
bonds are bottoming out in the U.S. and Europe, the JGB market
is turning bearish," said Makoto Yamashita, chief JGB strategist
at Lehman Brothers.


Read more at Reuters.com Bonds News

Polish Zloty Gains Versus Euro After First-Quarter Growth Beats Forecasts

(Bloomberg) -- The Polish zloty rose against the euro
on signs economic growth is gathering pace, reinforcing
expectations the central bank will keep raising interest rates.

The Polish economy grew at its fastest pace since 1997 in
the first quarter at 7.4 percent, the Polish statistics office
said today. Growth of 7.3 percent was forecast, according to the
median estimate of 18 economists polled by Bloomberg.


Read more at Bloomberg Currencies News

S.Africa April credit data raises rate hike chances

(Reuters) - Growth in demand for credit by South Africa's private sector quickened to 25.08 percent year-on-year in April, central bank data showed on Thursday, making another interest rate increase next week more likely.

Credit growth accelerated from a downwardly revised 24.09 percent in March while the broadly defined M3 measure of money supply grew by 22.27 percent, above forecasts, compared to 20.02 percent the previous month.


Read more at Reuters Africa

Philippine Peso Strengthens After First Quarter Economic Growth Quickens

(Bloomberg) -- The Philippine peso strengthened after
the government said the economy grew faster than predicted in the
first quarter. Government bonds fell.

The currency ended two days of losses after the report
showed gross domestic product expanded 6.9 percent from a year
earlier, as increasing remittances from overseas workers boosted
consumer spending. Economists forecast growth of 5.7 percent,
according to the median estimate in a Bloomberg News survey.


Read more at Bloomberg Currencies News

Costco quarterly profit rises

(Reuters) - Excluding items, Costco said it earned 56 cents a share.




Read more at Reuters.com Hot Stocks News

Morgan Stanley to buy Australia's Investa

(Reuters) - Morgan Stanley Real Estate offered A$3.08 for each Investa share, its second major acquisition in the past week.




Investa shares, which have already risen 50 percent in the past year on takeover speculation, jumped 15.6 percent to A$3.11 at 0520 GMT, also triggering sharp gains for other property trusts.


Read more at Reuters.com Business News