UPDATE 2-Japan PM Abe's coalition braces for election blow

(Reuters) - TOKYO, July 29 - Japan's conservative ruling camp
braced for an expected election defeat on Sunday that could put
pressure on hawkish Prime Minister Shinzo Abe to resign and
usher in a period of policy paralysis and political confusion.




Polling stations across Japan opened at 7 a.m.
on a cloudy morning.


Read more at Reuters.com Bonds News

India's Reliance Q1 net up 28% on refining margins

(Reuters) - "While our existing businesses continue to deliver a robust
operating performance, our new initiatives provide us a platform
to deliver superior shareholder returns in the future," Chairman
Mukesh Ambani said in a statement.




Reliance's 660,000 barrel per day refinery in western India
and sales of gas produced from its deep-sea fields off the east
coast are expected to drive the company's future earnings
growth.


Read more at Reuters.com Market News

UPDATE 1-EMI buyer gets 85 pct of shares, extends deadline

(Reuters) - Terra Firma, which is offering 265 pence a share to buy the
British music company for 2.4 billion pounds ,
had a Sunday deadline to receive 90 percent of the shares as a
condition tied to its financing agreement for the deal with
adviser Citigroup .




EMI shares had slipped further from the offer price over the
last few days as investors worried the takeover might collapse
because of deterioration in credit markets. They closed up 1.1
percent on Friday at 252 pence.


Read more at Reuters.com Mergers News