PREVIEW-Bernanke to stress price worries before Congress

(Reuters) - July 19, 9:30 a.m. EDT before Senate
panel




* Bernanke to underscore Fed's concerns on inflation risks,
despite recent easing in core price gauges; Fed likely to
forecast moderate growth gaining into next year


Read more at Reuters.com Bonds News

Ford considers selling Volvo Cars business: source

(Reuters) - The review of Volvo was still at a very early stage and may not result in a sale, the source told Reuters, adding that Ford had so far not hired financial advisers for the operation.




"Ford is not in discussions with any company to sell Volvo, however we are continuing to assess options for all our operations," a London-based spokesman for Ford said, while declining to comment further.


Read more at Reuters.com Mergers News

RPT-Wall St Week Ahead: Stocks to ride robust earnings wave

(Reuters) - NEW YORK, July 15 - Stock market bulls are
betting strong second-quarter profits will send equities even
higher with the earnings reporting season in full swing this
week.




Rising energy and food prices coupled with uneven retail
sales are not likely to slow down investors as they test the
market's limits. At the same time, the financial sector is
expected to avoid major losses from the subprime sector.


Read more at Reuters.com Economic News

HBOS eyes property group Quintain: paper

(Reuters) - No one at Quintain was available for comment, but the company had said on Friday that HBOS had acquired a 12.4 percent stake in the firm.




The paper said that no formal decision has been made to proceed with a takeover bid, but it quoted City sources that HBOS was working on preliminary plans under which Quintain would be taken private.


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Egypt median o/n interbank steady at 8.752 pct

(Reuters) - The median overnight interbank rate on Egypt's pound was steady on Sunday at 8.752 percent, the same as on Thursday, as banks squared their positions toward the end of a two-week reserve ratio period, dealers said.

"This is a periodic trend, especially as the market is still very liquid," one dealer said.


Read more at Reuters Africa

T.Italia close to Brasil Telecom stake sale-report

(Reuters) - Egyptian telecom operator Orascom Telecom pulled
out of talks to buy the Telecom Italia stake in Brasil Telecom
last month.




Brasil Telecom's controlling shareholders are a group of
Brazilian state-run pension funds and Citigroup , which
have said in the past they plan eventually to sell their stakes.


Read more at Reuters.com Mergers News

Egypt's Alcotexa sells 2,546 T of cotton in week

(Reuters) - The Alexandria Cotton Exporters' Association (Alcotexa) said on Sunday it had committed to sell 2,546 tonnes of cotton in the week ended July 14.

An Alcotexa official gave a breakdown of the sales as 196 tonne of Giza 70, 50 tonnes of Giza 88, 1,800 tonnes of Giza 86, 450 tonnes of Giza 80 and 50 tonnes of export type.


Read more at Reuters Africa