Arrow Energy Signs Agreements to Develop Coal Seam Gas Ventures in China

(Bloomberg) -- Arrow Energy NL, an Australian
producer of gas from coal seams, signed two venture agreements
with companies in China's Liaoning province as it seeks to start
production of the fuel in the Asian nation.

The accords with Shenyang Gas Co. and Liaohe Petroleum
Development Co., a unit of China National Petroleum Corp., follow
similar agreements signed over the past weeks, Brisbane-based
Arrow said today in a statement to the Australian Stock Exchange.
Arrow now has seven projects in three geographic regions in the
Asian nation, it said.


Read more at Bloomberg Energy News

Australian Stocks Extend Declines; Macquarie Bank, BHP Billiton Lead Slide

(Bloomberg) -- Australia's benchmark stock index, the
S&P/ASX 200 Index, fell 0.84 percent at 10:05 a.m.

The index of 201 companies traded on the Australian Stock
Exchange fell 50.60 to 5,970.40. Among the stocks in the index,
34 rose, 159 fell and 8 were unchanged.


Read more at Bloomberg Stocks News

Banks, BHP, Lipa, Oxiana, Woodside Petroleum: Australian Stock Preview

(Bloomberg) -- The following is a list of companies
whose shares may rise or fall in Australia. This preview includes
news announced after markets closed on Aug. 3. Prices are from the
Aug. 3 close unless otherwise stated. Stock symbols are in
parentheses after the company names.

The S&P/ASX 200 Index futures contract due in September fell
2.1 percent to 5,853 at 6.59 a.m. in Sydney. The Bank of
New York Australia ADR Index lost 3.5 percent in New York.


Read more at Bloomberg Stocks News

GLOBAL MARKETS-US jobs data hit stocks, dollar, boost bonds

(Reuters) - LONDON, Aug 3 - Stocks and the dollar fell while
safe-haven government bonds rallied on Friday after
weaker-than-expected U.S. jobs data fanned concerns about a U.S.
economy already struggling with credit liquidity fears.




U.S. stock futures pointed to a weaker open on Wall Street
while European stocks moved deeper in negative territory
after data showed U.S. employers boosted payrolls in July at the
slowest pace since February, adding 92,000 jobs.


Read more at Reuters.com Economic News

TREASURIES-Bond prices rise as stock market turns lower

(Reuters) - Bonds have been closely mirroring stocks recently, gaining
when stocks fall as investors turn to the relative safety of
bonds.




"Bonds are not leading, they are being led," said David
Ader, head of government bond strategy at RBS Greenwich Capital
in Greenwich, Connecticut. "Stocks were up and now they are
close to the lows of the day, while bonds were lower and now
they are higher on the day. It's not much more complicated than
that."


Read more at Reuters.com Bonds News

UPDATE 1-Anadarko shares up as 2nd-qtr profit tops Street

(Reuters) - HOUSTON, July 31 - Shares of independent oil and
gas producer Anadarko Petroleum Corp. climbed on
Tuesday, a day after the company reported better-than-expected
quarterly earnings and raised its annual production forecast.




Houston-based Anadarko's shares initially rose more than 5
percent, but fell back a bit and were trading up 4.4 percent,
or $2.20 at $52.30 on the New York Stock Exchange at midday.


Read more at Reuters.com Market News

BAE Systems says completes Armor takeover

(Reuters) - "The acquisition expands the company's business in the United States and strengthens BAE Systems' position as one of the world's leading land systems businesses," BAE said in a statement to the London Stock Exchange.



BAE announced the transaction valued at $4.53 billion on May 7. Armor makes wheeled military vehicles and vehicle and individual armour systems.


Read more at Reuters.com Mergers News

UPDATE 2-Headwaters Q3 earnings soar, raises FY07 profit view

(Reuters) - The South Jordan, Utah-based company also raised its
full-year earnings outlook above analysts' estimates.




Shares of Headwaters, which makes building materials
products and alternative energy, were up nearly 13 percent in
late morning trade, making them one of the highest percentage
gainers on the New York Stock Exchange.


Read more at Reuters.com Market News

Bridgestone, Clarion, Isuzu, Komatsu, Shinsei Bank: Japan Equity Preview

(Bloomberg) -- The following stocks may move in
Japanese markets. Prices are as of the close of trading.
Statements were released after the close. Stock symbols are in
parentheses.

Bridgestone Corp. (5108 JT): The world's largest tiremaker
raised its annual unconsolidated profit forecast for the second
time because of a weaker yen. Net income may total 77 billion yen
($648 million) for the 12 months ending Dec. 31, compared with a
previous estimate of 73 billion yen, Bridgestone said in a
release. It also raised its unconsolidated sales forecast for
this year by 1 percent to 1.03 trillion yen and its operating
profit forecast by 10 percent to 108 billion yen. The stock fell
25 yen, or 1 percent, to 2,490.


Read more at Bloomberg Stocks News

Latin American Stocks Rally; Mexico, Brazil Shares Have Best Gain in Month

(Bloomberg) -- Stocks in Latin America rallied as
analysts advised investors to buy companies with better-than-
expected profit growth after last week's global sell-off.

Brazil's Bovespa Index jumped 1,455.21, or 2.8 percent, to
54,377.44 as of 3 p.m. in New York. Mexico's Bolsa index rallied
747.88, or 2.5 percent, to 30,983.05. It was the biggest gain in
both markets since March 21.


Read more at Bloomberg Stocks News

CNA, Dow Jones, MC Shipping, RadioShack, Southwest Gas: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 1:10 p.m. in New York.

Some mortgage lenders fell after American Home Mortgage
Investment Corp. (AHM US) delayed its quarterly dividend and
raised doubts about whether it has enough cash to stay in
business. Shares of American Home were halted.


Read more at Bloomberg Stocks News

CNA, Ingersoll-Rand, RadioShack, ValueClick, Vivus: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 11:40 a.m. in New York.

Some mortgage lenders fell after American Home Mortgage
Investment Corp. (AHM US) delayed its quarterly dividend and
raised doubts about whether it has enough cash to stay in
business. Shares of American Home were halted.


Read more at Bloomberg Stocks News

Japan's Nikkei 225 Drops on Subprime Concerns; Topix Climbs on Earnings

(Bloomberg) -- Japan's Nikkei 225 Stock Average
dropped after U.S. residential investment slumped, raising
concern the world's largest economy will slow.

Canon Inc. slid 2.6 percent, leading exporters lower after
the yen advanced to the highest against the dollar in more than
three months, reducing the value of their overseas sales.


Read more at Bloomberg Stocks News

Barclays, HSBC, Beazley, Pearson, EMI Group Plc: U.K., Irish Stock 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 the last market close.

The benchmark FTSE 100 Index dropped 36.00, or 0.6 percent,
to 6215.20. The FTSE All-Share Index declined 18.24, or 0.6
percent, to 3210.69.


Read more at Bloomberg Stocks News

Indian Rupee May Fall For Second Week on Concern Funds Will Sell Stocks

(Bloomberg) -- India's rupee may fall for a second
week on concern overseas funds will sell emerging-market assets
as a global rout in corporate debt and equities drives investors
to safer securities such as U.S. Treasuries.

The country's benchmark Bombay Stock Exchange Sensitive
Index, or Sensex, slumped the most in four months on July 27,
causing the rupee to fall from near a nine-year high. The
currency may extend its biggest weekly decline in almost two
months, a survey of traders showed.


Read more at Bloomberg Currencies News

South Korea's Stocks Fall on U.S. Housing Concern; Hyundai Heavy Declines

(Bloomberg) -- South Korean stocks fell for the
third day. Kookmin Bank led declines on concern a deepening U.S.
housing slump will damp the world's biggest economy and prompt
investors to shun riskier assets.

The Kospi index dropped 17.86, or 1 percent, to 1,865.36 as
of 9:25 a.m. in Seoul. Stocks plunged on July 27 by the most in
more than three years, wiping out $46 billion in market value.


Read more at Bloomberg Stocks News

Crocs, Cymer, Deckers, Isilon Systems, Netgear, QLogic: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 9:35 a.m. in New York.

Crocs Inc. (CROX US) rose $7.61, or 15 percent, to $58.20.
The maker of resin clogs forecast profit of as much as 62 cents a
share in the third quarter. Analysts expect 43 cents, the average
of six estimates in a Bloomberg survey.


Read more at Bloomberg Stocks News

Global Stocks Drop; Investors Shun Risk as Credit Market Turmoil Worsens

(Bloomberg) -- Stocks tumbled around the world and
U.S. Treasuries rallied on concern higher borrowing costs will
slow takeovers, spur debt defaults and curb earnings, prompting
investors to flee riskier assets.

The Standard & Poor's 500 Index fell to its lowest in almost
three months, while the FTSE 100's biggest drop in four years led
declines across Europe. Benchmark stock indexes in Argentina,
Brazil, Mexico, Turkey and Sweden sank more than 3 percent.


Read more at Bloomberg Stocks News

Global stocks lower on credit woes

(Reuters) - As U.S. stocks continued to fall after a sharply lower opening, the decline triggered the New York Stock Exchange's downside restrictions on program trading at 11:06 a.m. ET.




At 11:42 a.m. the Dow Jones industrial average was down 202.41 points, or 1.47 percent, at 13,582.66. The Standard & Poor's 500 Index was down 26.88 points, or 1.77 percent, at 1,491.21 and the Nasdaq Composite Index was down 42.47 points, or 1.60 percent, at 2,605.70.


Read more at Reuters.com Bonds News

Biogen, Boeing, Chubb, Dade Behring, Snap-on, Xerox: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are have unusual price changes in U.S. exchanges.
Stock symbols are in parentheses after company names. Share
prices are as of 11:40 a.m. in New York.

Aflac Inc. (AFL US) rose $3.60, or 6.9 percent, to $55.50.
The world's largest seller of supplemental health insurance said
second-quarter profit rose 1.7 percent as the company paid out
less per premium dollar in Japan, its biggest market. Profit
excluding investment gains was 82 cents. The estimate of 16
analysts compiled by Bloomberg was 81 cents.


Read more at Bloomberg Stocks News