UPDATE 1-Japan ready to accept IAEA inspectors after quake

(Reuters) - Japan's nuclear industry -- which supplies about one-third
of the country's electricity needs and is central to its
efforts to battle global warming -- has been tarnished by
cover-ups of accidents and fudged safety records.




The Japanese government had first told the U.N. nuclear
watchdog that it did not need help for now, but it then came
under pressure from local authorities to allow international
inspectors into the quake-hit Kashiwazaki-Kariwa plant.


Read more at Reuters.com Government Filings News

Terna, InterGen, Sparebanken, Groupama to Sell Debt: European Bond Alert

(Bloomberg) -- Network Rail Ltd., the government-
backed owner of Britain's railways, is among borrowers seeking to
raise the equivalent of at least 3.5 billion euros ($4.8 billion)
from sales of bonds in euros and pounds, according to data
compiled by Bloomberg.

Companies sold the equivalent of $1.04 trillion of bonds
denominated in euros and pounds so far this year, up from $844
billion in the same period in 2006.


Read more at Bloomberg Bonds News

European shares open mixed with M&A in focus

(Reuters) - European shares got off to a mixed start on Monday as merger activity lent some support while investors still worried that problems in the U.S. housing market could spread to the broader economy.

M&A activity came to the fore again after Britain's Barclays


Read more at Reuters Africa

Turkish Stocks, Bonds, Lira Rise After Erdogan's Justice Party Re-elected

(Bloomberg) -- Turkish stocks, bonds and the lira
gained after voters re-elected Prime Minister Recep Tayyip
Erdogan, giving him a mandate to extend policies that won European
Union membership talks and helped bring 21 quarters of growth.

The ISE National 100 Index rose 3.8 percent to 54,966.6 as of
9:56 a.m. The lira rose 1.58 percent, trading at 1.253 to the
dollar. Yields on lira-denominated bonds fell 27 basis points to
17.19 percent, their lowest in 13 months, according to ABN Amro
benchmark prices. A basis point is 0.01 percentage point.


Read more at Bloomberg Stocks News

Rand hits 11-month high, could test 6.78/dollar

(Reuters) - South Africa's rand hit an 11 month high against the dollar on Monday and is likely hold its gains in the session as the greenback remains under pressure.

The rand was trading at 6.83 to the dollar at 0645 GMT, about 0.9 percent firmer than its New York close of 6.8925 on Friday.


Read more at Reuters Africa

Norsk Hydro to build alumina refinery with CVRD

(Reuters) - "Investment cost in the first stage for the total
project is preliminary estimated at $1.5 billion," it said.




Read more at Reuters.com Mergers News

TomTom to buy online map supplier Tele Atlas

(Reuters) - TomTom, which also announced quarterly results a week early
that showed net profit leaped 81 percent from a year earlier,
said it intends to make a cash offer of 21.25 euros per share
bid for Netherlands-based Tele Atlas.




TomTom will fund the acquisition with debt and cash, TomTom
Chief Financial Officer Marina Wyatt told reporters on a
conference call.


Read more at Reuters.com Market News