BofA private bank to get U.S. Trust name: report

(Reuters) - Using U.S. Trust's name in its branding campaign may help Bank of America overcome its middle-class image among high-net worth clients, according to the Times report.




Bank of America did not immediately return a call seeking comment.


Read more at Reuters.com Business News

Gold hits one-week high, weak yen lifts Tokyo

(Reuters) - Gold rose to its highest in more than a week on Monday on the back of a firm euro and strong crude oil prices, lifting futures contracts in Tokyo.

Spot gold hit an intraday high of $656.50 an ounce before edging down to $656.20/656.80 an ounce, still higher than $654.50/656.00 late in New York on Friday.


Read more at Reuters Africa

TREASURIES-Drift sideways in Asia as housing data awaited

(Reuters) - September 10-year futures edged up 1/32 to 104-21/32,
holding above a five-year low for the lead contract of
103-20.5/32 struck last week.




Benchmark 10-year notes were unchanged to yield
5.171 percent. Two-year notes were flat to yield 5.028
percent.


Read more at Reuters.com Bonds News

US Airways set to announce Airbus order: reports

(Reuters) - But The Wall Street Journal said US Airways was finalizing an order for as many as 30 jetliners, valued at $7 billion at list prices.




A spokesman for US Airways said he could not comment on the reports.


Read more at Reuters.com Business News

China's Stocks Rise to Record, Completing Rebound From Last Month's Rout

(Bloomberg) -- China's key stock index rose to a
record, having taken less than two weeks to rebound from a rout
that erased more than $400 billion of market value.

China Merchants Bank Co. and property developer China Vanke
Ltd. paced gains after policy makers held off from raising
borrowing costs to cool the stock market and the economy.
Premier Wen Jiabao last week said monetary policy needs
``moderate tightening,'' after official reports showed inflation
accelerated to a two-year high and money-supply growth stayed
above the central bank's target for a fourth straight month.


Read more at Bloomberg Emerging Markets News

Ford had talks over Jaguar, Land Rover sale- report

(Reuters) - Ford and Cerberus were not immediately available for
comment.




Read more at Reuters.com Mergers News

South Korea Stocks Climb to Record; Brokerages Pace Gains in `Bull Market'

(Bloomberg) -- South Korean stocks climbed, pushing
the key index to a record. Brokerages jumped, led by Samsung
Securities Co., after Hyundai Securities Co. said investors will
put more money into equities, increasing demand for the companies'
services.

``Interest in local stocks is rising thanks to the market's
good performance,'' said Choi Chang Hoon, who helps manage $860
million at Woori Credit Suisse Asset Management Co. in Seoul.
``Brokerage stocks are likely to stick to their upward track for
the time being.''


Read more at Bloomberg Stocks News

Pollution Permits Burn European Consumers as E.ON, Fortum, Goldman Profit

(Bloomberg) -- Pollution permits, the biggest
money-loser for commodity investors this year, are poised for a
rebound that may spark a 10 percent jump in electricity costs
for the 260 million consumers from London to Bucharest.

Prices for allowances that give utilities and factories the
right to pump a ton of carbon dioxide into the atmosphere will
climb 20 percent in the next 12 months, according to Lueder
Schumacher, an analyst at Dresdner Kleinwort in London. The
reason: Governments are handing out fewer certificates in the
three-year program.


Read more at Bloomberg Energy News

South Korea's Kospi Index Climbs, Led by, Samsung, LG.Philips, SK Corp.

(Bloomberg) -- South Korea's benchmark stock index,
the Kospi Index, rose 0.90 percent at 9:05 a.m.

The index of 730 companies traded on the Korea Exchange rose
15.92 to 1,788.18. Among the stocks in the index, 489 rose, 136
fell and 105 were unchanged.


Read more at Bloomberg Stocks News

Japan's Government Bonds May Rise; Yields Near 1-Year High to Lure Buyers

(Bloomberg) -- Japanese government bonds may advance
on speculation 10-year yields near the highest in almost a year
will entice some investors.

Japan's bonds may rise for a third day after a rally in
Treasuries on June 15 lowered U.S. 10-year yields from near their
highest in five years. U.S. bonds had gained after a report showed
core inflation slowed. Bank of Japan Governor Toshihiko Fukui said
last week that he wants to be more convinced that Japan's economic
growth is sustainable before proposing an interest-rate increase.


Read more at Bloomberg Bonds News

UPDATE 1-GE reaches tentative labor agreements with unions

(Reuters) - GE said the agreements are subject to review by union
negotiating committees and ratification by union members by
June 28.




The tentative agreements were reached Sunday after four
weeks of bargaining between GE and the IUE-CWA and the United
Electrical, Radio and Machine Workers of America .


Read more at Reuters.com Bonds News

WEEKEAHEAD-Emerging debt may extend gains, Treasuries permitting

(Reuters) - Volatility should remain high, however, as bond prices
continue to track an unstable U.S. Treasury market, which saw
benchmark 10-year Treasury yields hit a five-year high of 5.3
percent last week.




Treasury yields retreated on Friday, as a
lower-than-expected core U.S. producer prices index reduced
inflation fears, clearing the way for a rally in
higher-yielding emerging markets assets.


Read more at Reuters.com Bonds News

Shares in Dubai Decline, Led by Emaar; Saudi's Tadawul Rises: Gulf Stocks

(Bloomberg) -- Stocks in Dubai, the United Arab
Emirates, dropped for a second consecutive day, led by Emaar
Properties PJSC, the Middle East's largest publicly traded
property developer.

Saudi Arabia's Tadawul All Share Index advanced for the
first time in six trading sessions, paced by Samba Financial
Group, the second-largest listed bank in the kingdom.


Read more at Bloomberg Stocks News