U.S. Treasuries Fall as Philadelphia Manufacturing Survey to Show Growth

(Bloomberg) -- U.S. Treasuries fell for a second
day before a central bank report that will probably show a
pickup in manufacturing.

Notes slid on expectations the Federal Reserve Bank of
Philadelphia survey will indicate the economy is accelerating
after barely growing in the first quarter. Treasuries also fell
on concern traders will trim holdings to guard against possible
losses as companies including Home Depot Inc. sell debt.


Read more at Bloomberg Bonds News

Ghana warns Africa: don't become China's colony

(Reuters) - African nations should seek export markets in China and avoid a "colonial" relationship developing with Beijing as it buys up raw materials from the continent, a Ghanaian government minister said on Wednesday.

China has poured investment and aid into Africa as it seeks crude oil and other commodities for its rapidly expanding economy. At the same time it has increased its exports of consumer goods to the world's poorest continent.


Read more at Reuters Africa

UPDATE 1-Novartis gets final U.S. approval for Exforge

(Reuters) - ZURICH, June 21 - Swiss drugmaker Novartis
has received final U.S. approval for its high blood
pressure medicine Exforge.




Novartis said on Thursday that the U.S. Food and Drug
Administration had given the green light to Exforge, which
combines the two most commonly prescribed hypertension medicines
in one tablet, and that it would be available soon.


Read more at Reuters.com Government Filings News

Japan's 20-Year Bonds Set for Biggest Drop in a Month on Auction Results

(Bloomberg) -- Japanese 20-year bonds fell, poised
for their biggest decline in a month, after demand dropped at an
auction of the government debt.

The Ministry of Finance's sale of 800 billion yen ($6.5
billion) of 20-year bonds drew bids worth 3.89 times the amount
sold, compared with 4.1 times at the auction in May. The debt's
2.3 percent coupon, the highest since October, wasn't enough given
that the Bank of Japan may raise interest rates in coming months,
said Jun Fukashiro at Toyota Asset Management Co. in Tokyo.


Read more at Bloomberg Bonds News

Yuan Drops After Central Bank's Wu Says China Seeks More Stable Currency

(Bloomberg) -- China's yuan fell from the strongest
since a dollar link was scrapped almost two years ago after
central bank Deputy Governor Wu Xiaoling said China will seek to
keep the yuan stable.

The currency was set lower for the first time in eight days
as China rebuffed pressure form U.S. politicians and the
International Monetary Fund to quicken gains in the yuan to help
solve global trade imbalances. U.S. Treasury Secretary Henry
Paulson said yesterday he will look for ways to be ``more
creative'' in pressing China to increase yuan flexibility.


Read more at Bloomberg Currencies News

Japan's Government Bonds Hold Declines After Demand at 20-Year Sale Drops

(Bloomberg) -- Japanese government bonds held
declines after an auction of 20-year debt securities today.

The Ministry of Finance's sale of 800 billion yen ($6.5
billion) of 20-year bonds drew bids worth 3.89 times the amount
sold, compared with 4.1 times at the previous auction in May.


Read more at Bloomberg Bonds News

Canada's BCE says might combine with rival Telus

(Reuters) - Any merger between BCE, which owns Bell Canada, and Telus, the country's No. 2 telephone company, would send shockwaves through Canada's telecom industry and need high-level Canadian government approval because such a combination would control much of the domestic telephone market.




"The government is playing close attention to this evolving situation," a senior government source told Reuters on Wednesday night.


Read more at Reuters.com Business News

Philippines May Cut Debt as Asset Sales Raise Funds, Acting Treasurer Says

(Bloomberg) -- The Philippines, which missed its
tax collection goal in the first five months, may still be able
to cut local-currency debt sales this year as the government
sells assets, Finance Undersecretary Roberto Tan said.

``Should privatization plans materialize in the third
quarter, our domestic borrowings this year may even turn out
lower than planned,'' Tan, also the country's interim treasurer,
said in an interview in Manila. Tax revenue, which lagged behind
the country's nominal growth of 10 percent, ``will recover.''


Read more at Bloomberg Bonds News

UPDATE 1-Japan exports grow more than expected in May

(Reuters) - Japan's exports rose 15.1 percent from a year earlier to
6.57 trillion yen , led by autos, steels and
semi-conductor parts, beating an economists' median forecast of
a 11.1 percent rise, custom-cleared data from the Ministry of
Finance showed.




Financial markets showed a limited response to the data.


Read more at Reuters.com Economic News

WRAPUP 2-Merrill sells off assets from Bear hedge funds

(Reuters) - NEW YORK, June 20 - The fate of two troubled
hedge funds managed by Bear Stearns Cos. Inc. was left
in question after Merrill Lynch & Co. Inc. sold off
assets seized from the funds and three other banks closed out
their positions with them.




The Bear Stearns funds once had over $20 billion of assets,
but lost billions of dollars from bad bets on securities backed
by subprime mortgages. Bear Stearns earlier this week proposed
adding $1.5 billion of its capital to the funds as part of a
broader restructuring plan, but many Wall Street firms have
already headed for the exits.


Read more at Reuters.com Bonds News

LSE in merger talks with Milan bourse

(Reuters) - "London Stock Exchange Group Plc confirms that it is in discussions with Borsa Italiana S.p.A. to establish whether a merger of the two businesses can be agreed," the London exchange said in a statement.




NYSE-Euronext , which had held talks with Borsa last year, made a counter bid but was turned down by Borsa, a source close to the situation told Reuters earlier on Wednesday.


Read more at Reuters.com Bonds News

Chipmakers, Kia, Samsung Heavy, Woori Finance: South Korea Equity Preview

(Bloomberg) -- The following shares may rise or
fall in South Korea. Prices refer to the previous close. This
preview includes news announced after markets shut yesterday.
Stock symbols are in brackets after the company names.

The Kospi index dropped 1.3 percent to 1783.79. The Kosdaq
retreated 2.8 percent to 797.27. Kospi 200 futures expiring in
September slipped 1.1 percent to 227.80, while the underlying
index fell 1.1 percent to 226.58.


Read more at Bloomberg Stocks News

Japan's Government May Set a 2.3 Percent Coupon for 20-Year Bond Auction

(Bloomberg) -- Japan's Ministry of Finance may set a
coupon of 2.3 percent for its sale of 20-year bonds today, the
highest since October 2006, according to a Bloomberg News survey.

All six analysts, investors and traders surveyed said the
ministry would set the coupon on the 800 billion yen ($6.5
billion) of securities at 2.3 percent. The previous sale of 20-
year bonds on May 24 had a coupon of 2.1 percent, and attracted
bids for 4.1 times the amount on offer.


Read more at Bloomberg Bonds News

UPDATE 1-Calpine files bankruptcy reorganization plan

(Reuters) - Calpine estimated its total enterprise value at $19.2
billion to $21.3 billion, with a midpoint of $20.3 billion
assuming it leaves bankruptcy on Dec. 31.




The independent power producer also said it estimated
distributable cash at about $1.4 billion.


Read more at Reuters.com Market News

Paulson: IMF relevance depends on forex monitoring

(Reuters) - The new IMF rules, announced on Monday, more clearly spell
out signs of foreign exchange misalignment and add a new
principle directing member nations to avoid policies that
create instability in other countries.




Paulson said earlier he believes the changes would aid
efforts to persuade China to adopt more flexibility in its yuan
exchange valuation.


Read more at Reuters.com Government Filings News

Emerging debt- Five-day rally halted on Treasuries sell-off

(Reuters) - Overall emerging market returns fell 0.47 percent on the
benchmark JP Morgan's EMBI+ index , after gaining 1.7
percent during the past five sessions.




Brazil's global bond due 2040 , the most
liquid of its asset class, plunged 0.563 to be bid 131.625.


Read more at Reuters.com Bonds News

Some C$ strength inexplicable -Bank of Canada chief

(Reuters) - "What the governor said was what he had said before ...
that some of the recent upsurge in the dollar cannot be
explained in the traditional way -- having to do with the
economic strength of Canada -- and that he was reviewing that
for the next time rates are set," he said.




Read more at Reuters.com Bonds News

Bloomberg party switch fuels talk of 2008

(Reuters) - Nobody in Washington who makes a living in politics thought the 65-year-old Democrat-turned-Republican-turned-independent could win. But third-party candidates can play a spoiler role.




Speaking to reporters in New York a day after his latest switch, Bloomberg sought on Wednesday to dampen speculation about a campaign while leaving the door firmly ajar to a race.


Read more at Reuters.com Bonds News

Coffee Rises in New York on Dwindling Supplies From Vietnam, Indonesia

(Bloomberg) -- Coffee rose in New York for the
first time in five sessions as supplies from Vietnam dwindle and
shipments from Indonesia plunge.

Vietnam, the world's biggest producer of robusta beans, has
exported almost all of its last harvest. Indonesia, Asia's
second-largest producer, said yesterday that shipments from
three main growing areas fell 66 percent in May from a year
earlier because of bad weather. Robusta beans are traded in
London, and arabica, grown mostly in Brazil, trades in New York.


Read more at Bloomberg Commodities News

Sugar Rises to Two-Month High in New York as Brazil Diverts Cane to Fuel

(Bloomberg) -- Sugar rose to a two-month high in
New York on speculation that Brazil, the largest sugarcane
grower, will produce less of the sweetener and use more of the
crop to make ethanol.

Brazil will raise the amount of the biofuel required in
domestic gasoline to 25 percent July 1, increasing demand by 400
million liters in the next 12 months, the Agriculture Ministry
said last week. The country is harvesting a record sugarcane
crop of 513.3 million metric tons.


Read more at Bloomberg Commodities News

Venezuela to Accept Diamond Inspectors to Comply With Kimberley Agreement

(Bloomberg) -- Venezuela agreed to disclose its
diamond production and undergo an inspection to comply with a
United Nations-backed effort to prevent sales of the gems from
funding arms purchases.

Karel Kovanda, chairman of the Kimberley Process, will
visit Venezuela after it reports on diamond production for 2006
and this year's first quarter, Vice Minister of Mines Ivan
Hernandez said today in a statement. Leaders of the process have
sought to visit Venezuela since November.


Read more at Bloomberg Commodities News

Treasuries Decline on Speculation Corporations Will Hedge on Sales of Debt

(Bloomberg) -- Treasuries fell for the first time
in four days on speculation corporations planning to issue debt
will sell U.S. government notes in advance to hedge against the
possibility of higher borrowing costs.

The companies, including Home Depot Inc., which has
announced plans to borrow $12 billion to buy back shares, may be
establishing so-called interest rate hedges, traders said.
Charts used to determine an asset's direction also show
benchmark 10-year note yields may rise after falling over the
past week from the highest since 2002.


Read more at Bloomberg Bonds News

Mexican Benchmark Bonds Fall After Calderon Presents Tax Bill to Congress

(Bloomberg) -- Mexico's benchmark 20-year bonds fell
from a two-week high on concern that President Felipe Calderon's
proposal to boost tax collection will run into more opposition in
congress than investors had anticipated.

Part of the bill, which Calderon presented to congress late
yesterday, would limit the tax deductions companies can take by
introducing a flat income tax rate. That measure may spark
opposition from business groups that could drag out the approval
process in congress.


Read more at Bloomberg Bonds News

Ericsson Sells $1.6 Billion of Bonds, First Issue in More Than Two Years

(Bloomberg) -- Ericsson AB, the world's largest
maker of mobile-network equipment, issued $1.6 billion of bonds
in its first sale of debt in more than two years.

The company is taking on new debt less than a week after
Standard & Poor's boosted Stockholm-based Ericsson's investment-
grade credit rating by two levels on rising demand for its
products. A slump in orders in 2002 prompted its rating being cut
to high-risk, high-yield, or junk, status.


Read more at Bloomberg Bonds News

Dow Jones Shareholder Ottaway Would Prefer General Electric, Pearson Bid

(Bloomberg) -- James Ottaway Jr., whose family
controls 6.2 percent of the voting rights at Dow Jones & Co.,
said General Electric Co. and Pearson Plc would be better owners
for the publisher of the Wall Street Journal than News Corp.

Ottaway has urged Dow Jones's controlling Bancroft family
not to accept News Corp.'s $5 billion offer. A former Dow Jones
executive, Ottaway, 69, has said that News Corp. Chairman Rupert
Murdoch wouldn't protect the Journal's editorial independence.


Read more at Bloomberg Exclusive News

High Costs Will Limit Development of LNG Spot Market, Suez's Chief Says

(Bloomberg) -- The cost of labor and raw materials to
build liquefied natural gas facilities will keep contracts
primarily long-term for the foreseeable future, Suez Energy
International SA's chief executive officer said.

``You are never going to get a full spot market with LNG,''
Dirk Beeuwsaert, the head of Suez Energy International, said in an
interview in London today. ``The costs of liquefaction,
gasification and boats for each project are so high, most of the
agreements have to be long-term.''


Read more at Bloomberg Energy News

Home Depot to give assistant managers stock grants

(Reuters) - The value of the stock grants will total about $50 million, the company said in a conference call with analysts and investors.




Home Depot on Tuesday set plans to repurchase $22.5 billion in stock and sell its HD Supply business to three private equity firms. Shedding the supply business will allow Home Depot to focus on its core retail operations.


Read more at Reuters.com Business News

Rand slips, bonds weaken as market eyes c/act

(Reuters) - South Africa's rand slipped off a 3-1/2 week high against the dollar on Wednesday but kept to a tight range, while bonds weakened on a rise in U.S. Treasury yields.

The local currency was at 7.0980 against the greenback at 1518 GMT, 0.4 percent weaker than its previous New York close of 7.07 after touching a session high of 7.0675 to the dollar.


Read more at Reuters Africa

German DAX Benchmark Closes at a Record; Allianz, MAN, Lufthansa Advance

(Bloomberg) -- Germany's benchmark DAX Index closed
at a record. Allianz SE paced the gain after a press report that
it may consider selling Dresdner Bank.

MAN AG, Europe's third-largest truckmaker, climbed after
Chief Executive Officer Hakan Samuelsson said the second quarter
is ``going very well.'' Deutsche Lufthansa AG also increased.


Read more at Bloomberg Stocks News

Canadian Stocks Fall for a Second Day on Wholesale Report, Led by Suncor

(Bloomberg) -- Canadian stocks fell for a second day,
led by oil-sands producer Suncor Energy Inc., as a drop in
wholesale sales reinforced concern that a stronger currency may be
crimping profits for exporters.

Energy and raw-materials producers including Canadian Natural
Resources Ltd. and Goldcorp Inc. fell along with declining crude
oil and bullion prices. The Standard & Poor's/TSX Composite Index
slid 24.82, or 0.2 percent, to 14,094.67 as of 11:18 a.m. in
Toronto.


Read more at Bloomberg Stocks News

Nymex Natural Gas Declines, Following New York Crude-Oil Futures Lower

(Bloomberg) -- Natural gas in New York was little
changed, erasing an earlier gain, as crude oil declined following
a report that showed U.S. oil and gasoline inventories rose.

``When crude goes down, resid goes down, and if resid goes
down that lowers the floor under natural gas,'' said Tim Evans,
an energy analyst with Citigroup Global Markets Inc. in New York.
``They were equating at about the $7.50 level, but as crude backs
off that's going to erode from that level,'' he said. ``There is
a fuel-switching issue here at about this valuation.''


Read more at Bloomberg Energy News

UPDATE 1-US' Paulson:China helping growth, must boost reform

(Reuters) - Paulson, in prepared testimony before the House of
Representatives Financial Services Committee, said he would
continue to press China for greater flexibility in the exchange
rate of its yuan currency, despite a decision not to label
Beijing a currency manipulator in a recent report.




"While we agree with the Chinese on the direction of change
in their economic reforms, we differ over the pace," Paulson
said, adding: "I advocate an increased pace of reform at every
opportunity."


Read more at Reuters.com Bonds News

Circuit City posts loss, withdraws forecast

(Reuters) - By Franklin Paul



NEW YORK, June 20 - Consumer electronics retailer Circuit City Stores Inc. on Wednesday posted a worse-than-expected quarterly loss and withdrew its earnings forecast, citing a drop in television sales and an uncertain economic environment.


Read more at Reuters.com Market News

Yen Declines to Near Record Against Euro as BOJ Signals Rates to Stay Low

(Bloomberg) -- The yen fell to near a record low
against the euro and declined versus the dollar after minutes
from the Bank of Japan's May meeting said central bankers stuck
to a policy of raising interest rates ``gradually.''

Japan's currency also dropped to the weakest since September
1992 against the British pound and a two-decade low versus New
Zealand's dollar as fund managers increased investments using
borrowed yen in the so-called carry trade. Minutes from the Bank
of England added to speculation of an interest-rate increase as
soon as July, lifting the pound and adding to yen selling.


Read more at Bloomberg Currencies News

U.S. Stocks Advance on Home Depot Buyback, Morgan Stanley's Earnings Gain

(Bloomberg) -- U.S. stocks advanced after Home
Depot Inc. said it will buy back as much as $22.5 billion in
stock and Morgan Stanley posted record second-quarter profit.

Home Depot surged the most in four years and led retailers
to the steepest gains in the Standard & Poor's 500 Index after
the world's largest home-improvement chain agreed to sell its
contractor-supplies unit for $10.3 billion and announced the
share buyback. Morgan Stanley, the No. 2 securities firm,
climbed after earnings increased 40 percent, beating estimates.


Read more at Bloomberg Stocks News

Canadian Stocks Rise, Led by Financial Shares; Sun Life, Manulife Advance

(Bloomberg) -- Canadian stocks rose for the fifth time
in six days, led by insurance companies Sun Life Financial Inc. and
Manulife Financial Corp.

The Standard & Poor's/TSX Composite Index added 49.36, or 0.4
percent, to 14,168.85 as of 9:45 a.m. in Toronto. The benchmark
rebounded to near a record 14,176.42 reached June 18, after
dropping yesterday.


Read more at Bloomberg Stocks News

Canada Dollar Falls on Crude Oil Prices as Traders Await Retail Sales Data

(Bloomberg) -- The Canadian dollar declined the
most in a week after crude oil prices slipped from a nine-month
high.

Commodities, such as oil, make up more than half of
Canada's exports. A 36 percent gain in crude oil prices since
they hit a recent low of $49.90 of Jan. 18 contributed to the
currency's 9 percent advance against the dollar this year.


Read more at Bloomberg Currencies News

FedEx profit falls short of expectations

(Reuters) - The Memphis, Tennessee-based company said net income for its 2007 fiscal fourth quarter ending May 31 rose 7 percent to $610 million or $1.96 a share, compared with $568 million or $1.82 a share a year earlier.



FedEx said the results included a gain from a settlement with Airbus related to its A380 order cancellation of approximately 6 cents a share.


Read more at Reuters.com Market News

S.Africa gold miners shift to other sectors - union

(Reuters) - South African gold workers need a hefty wage rise to keep them from moving to other sectors such as platinum, a trade union said on Wednesday as pay negotiations kicked off.

The country's three biggest gold producers declined to make an initial offer on Wednesday due to a mountain of demands by workers, unions said.


Read more at Reuters Africa

Tracinda backs off MGM Mirage restructuring plans

(Reuters) - Tracinda said it still believes there is substantial
unrecognized value in the assets of MGM Mirage and will
continue to monitor its investment and review and evaluate
opportunities to enhance shareholder value.




Read more at Reuters.com Mergers News

Copper Rises in London as Strike Threat Looms; Lead Advances to Record

(Bloomberg) -- Copper rose in London as stockpiles
fell and on speculation that strikes will disrupt production at
operations in Peru and Chile that account for at least 5 percent
of global supply. Lead jumped to a record and nickel climbed.

Workers at Codelco, the biggest copper company, Chile's
Collahuasi mine and Southern Copper Corp.'s Peruvian operations
have threatened to strike over pay demands. Inventories tracked
by the London Metal Exchange fell for the 23rd consecutive day,
the exchange said today in a daily report.


Read more at Bloomberg Commodities News

Circuit City posts qtr loss, withdraws forecast

(Reuters) - Analysts, on average, had been expecting a loss of 32 cents a share, according to Reuters Estimates.




The results come one day after Best Buy Co. Inc. reported quarterly earnings that missed analysts' estimates by a wide margin and gave a disappointing full-year forecast as TV sales cooled. The results and a weak earnings forecast cast new doubts on U.S. consumer spending trends, weighing on its rivals' shares and the U.S. stock market as a whole.


Read more at Reuters.com Business News

Mortgage applications drop, housing mired in slump

(Reuters) - NEW YORK, June 20 - Applications to buy and refinance homes dropped last week, an industry trade group said on Wednesday, the latest sign that U.S. housing remains mired in a downturn.



The Mortgage Bankers Association's mortgage application index slid 3.4 percent to a seasonally adjusted 643.7 in the week ended June 15.


Read more at Reuters.com Bonds News

U.S. mortgage applications dropped last week - MBA

(Reuters) - Thirty-year mortgage interest rates dipped 0.01 percentage
point last week to 6.60 percent, the MBA said.




The MBA's seasonally adjusted purchase index fell 3.0
percent to 450.9 while its refinancing applications index shed
4.2 percent to 1,776.8 on a seasonally adjusted basis.


Read more at Reuters.com Economic News

L'Oreal says Sanofi share sale not imminent

(Reuters) - "We stick to our position," a L'Oreal spokesman said on Wednesday. "Our stake is not strategic, its historical. We don't have any particular project in mind with the participation of about 10 percent in Sanofi. A share sale is not imminent."



Oil company Total and L'Oreal, which together own about 23 percent of Sanofi, have both said they don't consider their stakes as strategic.


Read more at Reuters.com Mergers News

Platinum Futures Hold Near Record High in Tokyo as Mining Costs May Rise

(Bloomberg) -- Platinum futures held near a record
high in Tokyo on speculation wage disputes in South Africa would
push up production costs, and as gains in gold this week lured
investors to other precious metals.

South Africa's National Union of Mineworkers yesterday
rejected a wage increase offer by Impala Platinum Holdings Ltd.,
the world's second-biggest platinum producer, because it wasn't
big enough. Gold for immediate delivery has gained about 2
percent in the past six trading days, drawing buyers to other
precious metals as well, Jonathan Barratt, managing director of
Commodity Broking Services in Sydney, said today by phone.


Read more at Bloomberg Commodities News

NamPower to Spend $1.27 Billion on Infrastructure Improvement Over 5 Years

(Bloomberg) -- Namibian Power Corp., the state-run
energy utility, plans to spend 9 billion rand ($1.27 billion)
over the next five years upgrading power-generation
infrastructure, Chairman Levi Hungamo said.

The company expects to complete construction of the Caprivi
Link Interconnector, a 970-kilometer (603-mile) power line that
will link Namibia's electricity grid to neighboring countries
including Zambia and Zimbabwe, in 2009, Hungamo told journalists
today in the capital Windhoek.


Read more at Bloomberg Emerging Markets News

Pound Advances After Minutes Show BOE's King Favored Higher Interest Rates

(Bloomberg) -- The U.K. pound rose to a two-week
high against the dollar after minutes of the Bank of England's
last policy meeting showed Governor Mervyn King and three other
policy committee members voted for higher interest rates.

King, John Gieve, Timothy Besley and Andrew Sentance argued
for a quarter-point move to 5.75 percent, minutes of the June 6-7
meeting published by the central bank today showed. Five members
voted for an unchanged stance. The U.K.'s lending rates are the
highest of the Group of 7 nations, helping to draw investments
and strengthen the pound.


Read more at Bloomberg Currencies News

Implats boosts capex to R25 bln over next 5 years

(Reuters) - South Africa's Implats has nearly doubled planned capital expenditure to 25 billion rand over the next five years, according to a presentation released on Wednesday.

Impala Platinum Holdings Ltd, the world's second-biggest platinum producer, gave the new figure in a presentation posted on its website. In February, it pegged its five-year capex spending at 13 billion rand.


Read more at Reuters Africa

Newcastle Coal Ship Sailings Are Restricted by Storms, Industry Group Says

(Bloomberg) -- Coal ship movements at Australia's
Newcastle Port, the world's biggest export harbor for the fuel,
are restricted today because of heavy seas and strong winds, the
Hunter Valley Coal Chain Logistics Team said.

``It is expected the swell will reduce tomorrow to allow
vessel movements to continue,'' the Team, the coordinator of
movements of coal through the rail system and port, said today in
a statement on its Web site. Shipping delays at Newcastle have
driven up prices for thermal coal, which reached $66.25 a metric
ton yesterday, according to globalCOAL.


Read more at Bloomberg Energy News

Vattenfall Delays Start of Forsmark-3 Nuclear Reactor, Cuts Power Output

(Bloomberg) -- Vattenfall AB, the Nordic region's
biggest utility, delayed the start of its Forsmark-3 nuclear
reactor in Sweden after halting it for yearly maintenance a day
ahead of schedule on May 19.

Vattenfall now plans to start the 1,170-megawatt unit on
June 27, it said today in a statement distributed by the Nord
Pool ASA power exchange.


Read more at Bloomberg Energy News