Nippon Oil to Raise Crude Oil Processing in July to Build Fuel Stockpiles

(Bloomberg) -- Nippon Oil Corp., Japan's biggest
petroleum refiner, said it will raise crude oil processing by 5
percent in July to build product inventories.

The company plans to process 4.15 million kiloliters (26.4
million barrels) next month, Managing Director Masahito Nakamura
told reporters in Tokyo today.


Read more at Bloomberg Energy News

European Government Bonds Gain for Fourth Day; Yield Falls to Two-Week Low

(Bloomberg) -- European government bonds advanced
for a fourth day, sending 10-year yields to the lowest in two
weeks in London.

The yield on the 10-year bund fell 2 basis points to 4.58
percent by 7:13 a.m. in London, the lowest since June 11. The
yield fell 4 basis points in the two days through yesterday.


Read more at Bloomberg Bonds News

Fujitec shareholders OK poison pill, rebuff fund

(Reuters) - Dalton, which held 15.5 percent of Fujitec as of January,
had sent letters to shareholders urging them to vote against the
scheme, which allows Fujitec to issue equity warrants to dilute
the stake of a suitor deemed unsuitable.




Dalton, which is also pushing for a management buyout at
Nippon Fine Chemical Co. Ltd. , had said Fujitec's
defence measures would restrict shareholder rights and may
violate the spirit of Japanese securities laws.


Read more at Reuters.com Mergers News

Gold Price Little Changed in Asia as Yen Climbs; Tokyo Futures Decline

(Bloomberg) -- Gold was little changed in Asia after
falling to its lowest in more than three months yesterday on
concern that investors paring holdings of higher-yielding assets
financed by Japanese currency loans might sell the metal.

The yen gained the most against favorites for so-called
carry trades, rising for a third day against the Australian
dollar and the most in two weeks against the New Zealand currency.
Investors may sell the metal to raise funds as the yen rises.


Read more at Bloomberg Commodities News

Fed Policy Makers Split With Staff, Wall Street Over Economy's Speed Limit

(Bloomberg) -- Federal Reserve policy makers
disagree with their own staff economists, and a growing chorus
on Wall Street, who say the U.S. economy can't expand as fast as
it used to without pushing up prices.

The split, signaled in the minutes of May's Federal Open
Market Committee meeting, may reflect debate over whether a
slowdown in U.S. productivity is permanent. ``Many'' FOMC
members were ``somewhat more optimistic'' than lower-ranking
officials about the economy's speed limit, the records showed.


Read more at Bloomberg Bonds News

BCE Gets Bids; CHC Helicopter Posts Earnings: Canada Equity Market 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. Stock
symbols are in parentheses after company names and prices are
from the last close.

The Standard & Poor's/TSX Composite Index fell 177.98, or
1.3 percent, to 13,663.88 in Toronto.


Read more at Bloomberg Stocks News

UPDATE 1-Bear Stearns taps managers to restructure funds

(Reuters) - NEW YORK, June 26 - Bear Stearns Asset Management
CEO Richard Marin is taking a stronger role in managing its two
troubled hedge funds and tapped Thomas Marano, head of its
mortgage unit, to save one of the funds, said two sources
familiar with the decision.




Marin appointed Marano last week to help with the funds
managed by Ralph R. Cioffi, who retains his current role as
portfolio manager for both funds, said one source.


Read more at Reuters.com Bonds News