Rubber Futures Advance in Tokyo as Weakening Yen Boosts Contract's Value

(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, gained for a second day in eight, as gains in the U.S.
currency boosted the value of yen-denominated contracts for the
commodity, which trades globally in dollars.

The dollar climbed to its highest in more than four years
against the yen, strengthening 1.5 percent in the past week to as
much as 122.84 yen today in Asian trading. Rubber yesterday
snapped a six-day losing streak in Tokyo.


Read more at Bloomberg Commodities News

Pertamina, Bharat Petroleum, Korea South-East: Asia Energy Tender Alert

(Bloomberg) -- The following is a list of oil and
coal sales and purchase contracts in Asia. Some may be concluded
in the next few days and weeks.

Indonesia


Read more at Bloomberg Energy News

Rosneft Offers $190 Million for Yukos's Power Assets in Southern Russia

(Bloomberg) -- OAO Rosneft, Russia's state-run oil
producer, offered to buy OAO Yukos Oil Co.'s assets in southern
Russia for 4.9 billion rubles ($190 million) after regulators
blocked the winner of a May auction from acquiring them.

Rosneft made the offer for Yukos's stakes in regional power
utilities and an oil and gas exploration unit on June 9 and is
waiting for an answer, spokesman Nikolai Manvelov said in a
phone interview from Moscow today. Yukos's bankruptcy manager
must reply to Rosneft's offer within 10 days, he said.


Read more at Bloomberg Energy News

Falcon-Master Prince Plans $300 Billion Metropolis in Saudi Arabian Desert

(Bloomberg) -- It's molting season in the Kingdom
of Saudi Arabia and change is in the air.

``How a man handles the falcon tells us much of his passion
and character,'' royal falcon master Hadi al-Aimi says while 35
peregrines trained for the hunt screech and shed feathers above
an oasis of date palms outside the northwestern city of Tabouk.


Read more at Bloomberg Exclusive News

Fidelity's Frontini Dumps Stocks From Aggressive Fund After Becoming Chief

(Bloomberg) -- Mario Frontini just got a lot more
money to invest in equities at Fidelity International Ltd. His
plan is to sell more companies than he buys.

The 38-year-old beat Italy's benchmark stock index every
year since he started in 2004 as head of Fidelity's Italian fund.
He took over the European Aggressive Fund this month, more than
tripling the assets he oversees to about 4 billion euros ($5.4
billion).


Read more at Bloomberg Exclusive News

Icelandic Stocks, Currency Lure Investors (Again) a Year After Meltdown

(Bloomberg) -- Iceland's stock market and currency
are among the world's best performers this year after teetering
on the brink of collapse in 2006. The island's record interest
rates and relatively low equity prices will drive more gains.

``Stocks will rally another 10 to 15 percent,'' said
Gudmundur Gudmundsson, head of trading at Kaupthing Bank hf in
Reykjavik. ``The krona is still going strong and will retain its
strength in 2007'' on expectations rates will stay near records.


Read more at Bloomberg Exclusive News

Thailand Court Ruling Creates Stock `Buying Opportunity' Ahead of Election

(Bloomberg) -- Thailand's stocks, Southeast Asia's
worst performers this year, staged their biggest two-day rally
this year after a court ruling on May 30 paved the way for a
national election. More gains are likely, history shows.

``All of these worries about politics are a great buying
opportunity,'' said Doug Barnett, a 51-year-old fund manager
who's been investing in Thailand since 1990. His Thai Focused
Equity Fund Ltd., a $300 million hedge fund, includes Banpu Pcl,
the nation's largest coal miner, and Bank of Ayudhya Pcl, the
sixth-largest bank by assets.


Read more at Bloomberg Exclusive News