Mauritius Cenbank hikes key rate 75 bp to 9.25 pct

(Reuters) - Mauritius' Central Bank said on Saturday it has hiked its key repo rate 75 basis points to 9.25 percent per year.

"The Board has decided to raise the key repo rate by 75 basis points from 8.50 percent to 9.25 percent per annum with effect from 2 July 2007," the Bank said in a statement posted on its Web site.


Read more at Reuters Africa

UPDATE 1-Teachers group wins C$52 bln race for BCE

(Reuters) - It said that was a 40 percent premium over what it called
the "undisturbed share price," or the price before BCE put
itself up for sale. BCE shares closed at C$40.34 on the Toronto
Stock Exchange on Friday.




"The all-cash transaction is valued at C$51.7 billion,
including C$16.9 billion of debt, preferred equity and minority
interests," BCE said, adding that it expected the deal to close
in the first quarter of next year.


Read more at Reuters.com Mergers News

Agility in $50 billion U.S. deal, stock up

(Reuters) - Agility shares rallied 6.6 percent after the news.




Agility said in a statement on the Kuwait bourse Web site
it would provide various logistics, supply and warehousing
services as part of the deal.


Read more at Reuters.com Business News

Dollar Drops to Lowest in Almost a Month Against Euro as Inflation Eases

(Bloomberg) -- The dollar dropped to the
lowest level in almost a month against the euro after U.S.
reports showed inflation eased and consumption increased
less than economists' forecasts, reducing the currency's
appeal.

The U.S. dollar posted a third straight weekly loss as
the data fueled speculation the Federal Reserve will keep
borrowing costs unchanged this year while other central
banks extend increases. The dollar may extend the decline
next week on statistics forecast to show U.S. job growth
slowed this month while a gauge of the service sector
declined.


Read more at Bloomberg Currencies News

Sanofi pulls obesity drug application in U.S.

(Reuters) - The French drugmaker said it would work towards resubmitting the medicine, known by the brand names Acomplia and Zimulti, at a future date and would undertake necessary talks with the Food and Drug Administration on required modifications to its file.




Read more at Reuters.com Government Filings News

UPDATE 1-S.Africa ANC opens door for Mbeki to remain leader

(Reuters) - MIDRAND, South Africa, June 29 - South Africa's
ruling African National Congress said on Friday it favoured
keeping the current rules for electing the party's leader,
opening the door for President Thabo Mbeki to seek a third term.




"There is no need to change the current procedures," ANC
General Secretary Kgalema Motlanthe told reporters after about
1,500 activists met outside Johannesburg to discuss the party's
policies and the process to elect a leader in December.


Read more at Reuters.com Bonds News

Reviewers mostly say iPhone lives up to hype

(Reuters) - Here's what they found:




LIKES


Read more at Reuters.com Business News