Danone buys Chile dairy business

(Reuters) - It did not give financial details.




Read more at Reuters.com Mergers News

China to rebuild destroyed Zambia explosives plant

(Reuters) - Chinese investors plan to rebuild an explosives factory where 50 Zambians died two years ago, officials said on Tuesday -- a move that is likely to anger trade unions and residents.

The Environmental Council of Zambia (ECZ) said the Beijing General Research Institute of Mining and Metallurgy (BIGRIMM) had applied for an environmental assessment in a bid to resume explosives sales to nearby mines.


Read more at Reuters Africa

Gold Little Changed in Asia As Dollar's Weakness Boosts Investment Appeal

(Bloomberg) -- Gold was little changed in Asia as the dollar fell for a fourth day against the euro, boosting the appeal of the precious metal as an alternative investment. Tokyo gold futures rose.

Gold rose 0.3 percent yesterday as the dollar fell the most in more than two weeks against the euro after a government report showed U.S. consumer prices rose last month by less than economists forecast, reducing chances of higher interest rates. Gold generally moves in the opposite direction of the dollar.


Read more at Bloomberg Commodities News

UPDATE 1-ING Q1 net profit dips, to buy back shares

(Reuters) - Net income fell to 1.894 billion euros for the first three months of the year from 2 billion euros a year earlier, and compared with an average forecast of 1.89 billion euros in a Reuters poll of 11 analysts.

"Strong commercial growth helped compensate for a challenging interest rate environment in the first quarter," ING Chief Executive Michel Tilmant said in a statement.


Read more at Reuters.com Market News

WRAPUP 1-Fed's Hoenig sees rate policy in the balance

(Reuters) - "Whether we tighten or ease will depend on how these risks play out," Hoenig told local business leaders at the Colorado Economic Forum.

Hoenig and Cathy Minehan, Boston Fed President, continued to focus on inflation risks on a day when core consumer inflation was reported at a lower-than-expected 2.3 percent for the year through April. Both are voting members of the Federal Open Market Committee in 2007.


Read more at Reuters.com Government Filings News

Pickens' BP Capital Equity Fund Increases Stakes in Suncor Energy, Valero

(Bloomberg) -- Boone Pickens' BP Capital Equity Fund boosted stakes in oil-sands producer Suncor Energy Inc. and refiner Valero Energy Corp. in the first quarter.

As of March 31, the fund's three largest long positions were in Suncor, Valero and Transocean Inc., according to a filing with the U.S. Securities and Exchange Commission.


Read more at Bloomberg Energy News

Barclays, DSG, LSE, Shell, Sainsbury, Vedanta: U.K., Irish Equity Preview

(Bloomberg) -- The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from yesterday's market close.

The benchmark FTSE 100 Index rose 13.10, or 0.20 percent, to close at 6568.60 in London as 66 stocks rose, 35 fell and 1 was unchanged. The FTSE All-Share Index gained 7.96, or 0.23 percent, to 3413.75.


Read more at Bloomberg Stocks News