Yen Declines From Three-Month High Against Euro as Japanese Stocks Rebound

(Bloomberg) -- The yen fell from a three-month high
against the euro as a recovery in Japanese stock prices eased
concern traders will reduce investments in riskier assets funded
by loans in the currency.

``The rebound in Asian stocks is helping to restore some
risk appetite,'' said Lee Wai Tuck, currency strategist at
Forecast Singapore Ltd. ``This is causing some yen selling.''


Read more at Bloomberg Currencies News

Rubber Rises in Tokyo as Oil Price Gain May Increase Cost of Synthetics

(Bloomberg) -- Natural rubber futures in Tokyo rose
as crude oil traded near a one-year high, prompting speculation
that demand for the commodity will increase as the cost of making
the synthetic alternative climbs.

Crude Oil for September delivery reached $77.24 a barrel in
New York on July 26, the highest intraday price for a front-month
contract since August 9 and just below the record $77.45 a barrel.
The contract rose 2.8 percent on July 27, and traded at $76.64 a
barrel at 12:43 p.m. Singapore time, up 16 percent this year.


Read more at Bloomberg Commodities News

Groebli of ABN Says Asia Equity Selloff a `Summer Storm' Not `Tempest'

(Bloomberg) -- Roger Groebli, head of equity research in private
banking Asia at ABN Amro Bank, talks with Bloomberg's Bernard Lo from
Singapore about the outlook for Asian stocks following last week's selloff,
the impact of a slowdown in the U.S. on Asian economies and his investment
strategy. (Source: Bloomberg)

00:00 Selloff: "a summer storm, but not a tempest"
01:59 Funding private equity, Asia sovereign funds
04:02 Outlook for collateralized debt obligations
06:41 Impact of U.S. problems on Asian economies
08:40 View of Japan, banking, oil, property stocks

Running time 10:53


Read more at Bloomberg Stocks News

U.S. Notes Rise as Investors' Risk Appetite Wanes, Asian Stocks Decline

(Bloomberg) -- U.S. Treasuries rose, with the yield
on 10-year notes falling to the lowest in almost two months, on
speculation investors sold stocks and sought the relative safety
of government debt.

The yield on the 4 1/2 percent 10-year note maturing in May
2017 fell 2 basis points, or 0.02 percentage point, to 4.93
percent as of 1:20 p.m. in Singapore, according to bond broker
Cantor Fitzgerald LP. The price rose 4/32, or $1.25 per $1,000
face amount, to 96 21/32. Bond yields move inversely to prices.


Read more at Bloomberg Bonds News

Singapore Petroleum Shares Rise to Record After Refining Margins Increase

(Bloomberg) -- Shares of Singapore Petroleum Co.,
the only oil refiner traded on the city state's stock exchange,
rose to a record on speculation a surge in refining profit may
boost second-quarter earnings.

The shares gained as much as 25 cents, or 4.1 percent, to
an all-time high of S$6.40 ($4.21), and traded at S$6.30 at
12:23 p.m. Singapore time.


Read more at Bloomberg Energy News

Singapore's Stocks Slide Most in Three Months; CapitaLand, DBS Decline

(Bloomberg) -- Singapore's stocks fell the most in
three months after the government increased the fee builders
have to pay to redevelop sites.

CapitaLand Ltd., the city-state's biggest developer, and
DBS Group Holdings Ltd., the largest lender, paced the decline.
Yongnam Holdings Ltd., the best-performing construction stock
this year, tumbled the most in more than four months.


Read more at Bloomberg Stocks News

Singapore's Straits Times Slides From Record; Cosco Declines, Keppel Rises

(Bloomberg) -- Singapore's stocks fell, dragging the
Straits Times Index from a record high, on speculation recent
gains were excessive. Cosco Corp. Singapore Ltd., the benchmark's
best performer this month, led the drop.

Keppel Corp. and Neptune Orient Lines Ltd. climbed after
analysts raised their share-price forecasts.


Read more at Bloomberg Stocks News

Corn, Soybean Futures Fall in Chicago on U.S. Forecast for Normal Rainfall

(Bloomberg) -- Corn and soybean futures fell in
Chicago on a forecast for normal rainfall in the U.S. Midwest
grain growing areas over the next six to 10 days.

Corn prices fell as much as 5.1 percent and traded down 4.3
percent at $3.53 a bushel at 10:45 a.m. Singapore time. Soybean
prices declined as much as 4.4 percent and traded down 3.2
percent at $9.1950 a bushel. The U.S. National Weather Service
predicted normal rainfall for the Midwest in its six to 10 day
forecast issued on Sunday.


Read more at Bloomberg Commodities News

Korea Exchange Bank to Sell Dollar Debt After Moody's Boosts Credit Rating

(Bloomberg) -- Korea Exchange Bank, controlled by
U.S. buyout firm Lone Star Funds, plans to sell dollar-
denominated bonds after Moody's Investors Service lifted its debt
rating by three levels.

Seoul-based Korea Exchange hired Calyon, HSBC Holdings Plc,
Merrill Lynch & Co. and Morgan Stanley to arrange the sale of the
five-year floating-rate notes, according to an e-mail sent to
investors today by the underwriters. Korea Exchange will set
terms after marketing the securities to investors in Singapore on
July 11 and Hong Kong on July 12, the e-mail shows.


Read more at Bloomberg Bonds News

Companies earnings back in Asia focus

(Reuters) - Corporate earnings and outlooks from top Asian and U.S. firms in coming weeks are set to shape the trading landscape for Asian stocks, which along with global shares hit record highs in the first week of July.

Samsung Electronics, the world's top memory chip maker, Infosys Technologies Ltd., India's No. 2 software exporter, and Singapore Press Holdings, Southeast Asia's biggest newspaper publisher, are among major firms due to announce results this week.


Read more at Reuters Africa

U.S. Treasuries Fall After European Bonds Decline on Interest Rate Concern

(Bloomberg) -- U.S. 10-year Treasury notes dropped
after Europe's government bonds slid for a second day yesterday
on speculation the European Central Bank will keep increasing
interest rates from a six-year high.

The yield on the benchmark 10-year note rose 2 basis points
to 5.06 percent as of 7:56 a.m. in Singapore, according to bond
broker Cantor Fitzgerald LP. The price of the 4 1/2 percent
security due in May 2017 fell 5/32, or $1.56 per $1,000 face
amount, to 95 21/32. A basis point is 0.01 percentage point.


Read more at Bloomberg Bonds News

Rogers Says He's Sold `Over-Exploited' Emerging Markets, Apart From China

(Bloomberg) -- Emerging markets are a sell with the
exception of China, said Jim Rogers, the chairman of New York-
based Beeland Interests Inc.

``I've sold out of nearly all the emerging markets,''
Rogers said in an interview in Singapore today. ``Right now,
there are probably 10,000 young MBAs on airplanes flying around
from one emerging market to another, they're all over-exploited,
so I've sold out.''


Read more at Bloomberg Emerging Markets News

Singapore's Straits Times Index Rises; SingTel, Oversea-Chinese Bank Gain

(Bloomberg) -- Singapore's benchmark stock index, the
Straits Times Index, rose 0.11 percent at 9:05 a.m.

The index of 49 companies traded on the Stock Exchange of
Singapore rose 3.82 to 3,552.02. Among the stocks in the index,
20 rose, 12 fell and 17 were unchanged.


Read more at Bloomberg Stocks News

Ascott, ComfortDelgro, SingTel, Sky China: Singapore's Equity Preview

(Bloomberg) -- The following shares may rise or fall
in Singapore. Stock symbols are in parentheses and prices are
from the previous market close.

The Straits Times Index added 0.3 percent to 3548.20. The
July futures contract slipped 0.3 percent.


Read more at Bloomberg Stocks News

UPDATE 1-Reuters Summit-MacarthurCook eyes another Asia REIT

(Reuters) - SINGAPORE, June 25 - Australian real estate
manager MacarthurCook Ltd. said on Monday that it is
likely to list another real estate investment trust in
Asia with potential assets of offices, residential properties
or healthcare facilities.




The company also said that its Singapore REIT will likely
make its first overseas investment in the next year.


Read more at Reuters.com Bonds News

UPDATE 1-Reuters Summit-CapitaLand to grow financial svcs arm

(Reuters) - The group's assets under management would hit S$17-18
billion by the end of the year -- up from about S$14 billion
now, Chief Executive Liew Mun Leong said on Monday.




"Our financial services make up less than 10 percent now
but I would like our fund fees to be about 15-20 percent of our
EBIT ," Liew told the Reuters
Real Estate Summit in Singapore.


Read more at Reuters.com Bonds News

Reuters Summit-MacarthurCook eyes another Asia REIT

(Reuters) - The company also said that its Singapore REIT will likely
make its first overseas investment in the next year.




"I would expect that within about three years, we will be
managing another REIT in Asia," Craig Dunstan, managing
director and chief investment officer for MacarthurCook, said
at the Reuters Real Estate Summit in Singapore.


Read more at Reuters.com Bonds News

REUTERS SUMMIT-S'pore GIC eyeing Russia, Vietnam, Turkey

(Reuters) - "The trend of wealth creation is shifting from the West to
the East and if you are positioning your strategy over the long
term, your strategy over the last 10 years would be different
for the next 10 years," said Seek Ngee Huat, president of GIC
Real Estate, speaking at the Reuters Real Estate Summit in
Singapore.




He said GIC had begun to "explore" Russia, Turkey and
Vietnam and was also looking to make significant investments in
India, where it last week announced a joint venture with
Mumbai-based property firm Runwal to build a $62 million mall.
He did not say how much investment might flow to those
countries.


Read more at Reuters.com Bonds News

Deutsche Bank Hires ABN Amro's Debt Syndication Head in Asia, People Say

(Bloomberg) -- Deutsche Bank AG hired Herman van den
Wall Bake from ABN Amro Holding NV as the German bank increases
its market share in Asia, according to two people with knowledge
of the matter.

The former head of Asian debt syndication at ABN Amro will
join the region's leading bond underwriter as a director, the
people said, asking not to be named before a company announcement.
Singapore-based van den Wall Bake, 37, will report to Mark Leahy,
Deutsche Bank's head of Asian debt syndication.


Read more at Bloomberg Bonds News