Shell, Metro, Diageo, Santander Plan to Sell Debt: European Bond Alert

(Bloomberg) -- The following is a list of bond sales denominated in euros or pounds and expected in the coming days and weeks.

Investment-Grade Sales


Read more at Bloomberg Bonds News

Finland's Olkiluoto Reactor Shuts Down; Sweden's Forsmark Reduces Capacity

(Bloomberg) -- Teollisuuden Voima Oy, a Finnish power producer, halted production at the Olkiluoto-2 reactor. Vattenfall AB, the Nordic region's biggest utility, said it reduced capacity at the Forsmark nuclear plant in Sweden.

The 860-megawatt unit at Olkiluoto was stopped at 7:42 a.m. local time today, the plant's operator said in a note distributed by the Nord Pool ASA power exchange. No further details were provided.


Read more at Bloomberg Energy News

JPMorgan Says Buy Indian Bonds, Use Interest-Rate Swaps to Hedge Risk

(Bloomberg) -- Investors should buy India's bonds because inflation will slow and rising bank deposits will mean more money will flow into debt, according to JPMorgan Chase & Co., the third-biggest bank in the U.S.

Indian banks are required by the central bank to invest 25 percent of their deposits in government bonds. Deposits in India rose 22 percent in the year ended April 27, beating a 20 percent gain the previous year as the economy grew at the second-fastest pace among major economies, driving interest rates higher.


Read more at Bloomberg Bonds News

OPEC sees no shortage of crude in market

(Reuters) - "We think there is no shortage of crude in the market at the moment," OPEC President and United Arab Emirates Oil Minister Mohammed al-Hamli told reporters on Tuesday, when asked about calls to boost output.

"The market is in balance... and fundamentals are in good shape now. We will increase supply if there is a need to or if the market needs it."


Read more at Reuters.com Hot Stocks News

U.K. Pound Advances Before Inflation Report; House Prices Rose in April

(Bloomberg) -- The U.K. pound rose after an industry survey showed house prices rose last month and before a report that's forecast to show inflation breached the Bank of England's 2 percent target for a 12th month.

The pound advanced against 14 of the 16 most traded currencies today after the Royal Institution of Chartered Surveyors said the cost of homes rose, strengthening the case for Bank of England rate increases. A separate report may show consumer prices rose 2.8 percent from a year earlier after a 3.1 percent rate in March, the highest in a decade, according to a Bloomberg survey.


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Aisling's Commodity Fund Raises New Capital, Almost Doubles, Coleman Says

(Bloomberg) -- The Merchant Commodity Fund, the best performer last year among 20 so-called relative-value funds managed in Asia, almost doubled its size after raising new capital from investors, an executive said.

Aisling Analytics Pte Ltd., the Singapore-based commodity hedge fund's management company, closed the fund at $856 million on April 30, Managing Director Michael Coleman said today. The fund, worth $450 million at the end of 2006, may grow to $900 million as additional, promised money arrives, he said.


Read more at Bloomberg Commodities News

Hyundai Merchant Falls to First-Quarter Loss on Container Rates, Currency

(Bloomberg) -- Hyundai Merchant Marine Co., South Korea's second-largest shipping line, reported a first-quarter loss compared with a year-earlier profit because of lower container rates and a stronger won.

Net loss totaled 8.96 billion won ($9.7 million) compared with a 137.7 billion won profit a year earlier, the Seoul-based company said in a regulatory filing today. Sales dropped 6.2 percent to 1.13 trillion won.


Read more at Bloomberg Emerging Markets News