CME buy of CBOT looks likely as shareholders vote

(Reuters) - Most analysts are predicting victory for Chicago Mercantile
Exchange Holdings Inc. after the company improved its
bid for a third time on Friday in an 11th hour move to quell
dissent among CBOT Holdings shareholders.




A vote that looked like it might be a toss-up, given a
higher competing bid for CBOT from IntercontinentalExchange
Inc. ., now has the makings of a landslide.


Read more at Reuters.com Mergers News

Ethanol Poised to Recover as Bumper Corn Crop Lowers Cost; ADM Shares Gain

(Bloomberg) -- The steepest decline in ethanol since
2001 may be ending, buoying profits at Archer Daniels Midland
Co., VeraSun Energy Corp. and Aventine Renewable Energy Inc.

Ethanol tumbled 43 percent in the past 12 months, making
the corn-based fuel additive cheaper than gasoline for the first
time in two years. The difference in price will persist through
2007, spurring ethanol sales as oil refiners use it to stretch
fuel supplies, said Ian Horowitz, an analyst at Soleil
Securities Corp. in New York.


Read more at Bloomberg Energy News

Barclays, Trinity, Mitchells & Butlers, Aviva: U.K., Irish Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in U.K. and Irish markets today. Stock symbols are in parentheses
and prices are from the market close on July 6.

The benchmark FTSE 100 Index advanced 54.90, or 0.8 percent,
to close at 6690.10 in London as 68 stocks rose, 29 fell and five
were unchanged. The FTSE All-Share Index
gained 26.07, or 0.8 percent, to 3454.13.


Read more at Bloomberg Stocks News

South Korea's SK Telecom Co. to Sell Dollar Bonds as It Spends on Networks

(Bloomberg) -- SK Telecom Co., South Korea's largest
mobile-phone operator, plans to sell dollar-denominated bonds as
it boosts spending to grow its wireless business.

The Seoul-based carrier hired Credit Suisse Group, Merrill
Lynch & Co. and Morgan Stanley to arrange the sale, according to
an e-mail sent by one of the arrangers.


Read more at Bloomberg Bonds News

China Plans to Scrap Exporters' Foreign Exchange Checks, Regulator Says

(Bloomberg) -- China will scrap the system of
checking exporters' foreign-exchange earnings because of its
economic development, the State Administration of Foreign
Exchange said on its Web site.

The currency regulator and Ministry of Commerce have decided
to do away with the policy ``and will no longer examine the
earnings,'' SAFE said today. It didn't elaborate on why the
decision was made.


Read more at Bloomberg Emerging Markets News

JGBs fall on weak Treasuries, strong Japan data

(Reuters) - The BOJ is expected to hold rates steady at a two-day policy
meeting on Wednesday and Thursday this week, but many in the
market expect a rate hike in August, with a global monetary
tightening trend lending support.




"The market sees the machinery orders as supporting the case
for an August rate hike, as the figures show the economy is
moving in line with the BOJ's outlook," said Naomi Hasegawa, a
senior fixed income strategist at Mitsubishi UFJ Securities.


Read more at Reuters.com Bonds News

Crude Oil Trades Near 10-Month High on U.S. Gasoline Demand, Nigeria Risk

(Bloomberg) -- Crude oil was little changed in New
York near a 10-month high on concern gasoline supplies in the U.S.
may be insufficient during the peak summer demand period and
unrest in Nigeria may disrupt shipments.

U.S. gasoline stockpiles are 3.5 percent below their five-
year average, the Energy Department said July 5, raising concern
that inventories aren't enough to counter potential shocks such
as the approaching hurricane season in the Gulf of Mexico.
Militants in Nigeria, Africa's biggest oil producer, released a
3-year-old British girl, the U.K. Foreign Office said yesterday.


Read more at Bloomberg Commodities News

Dow Jones to meet with other bidders: WSJ

(Reuters) - Burkle has been exploring a structure for Dow Jones that
would incorporate an employee stock ownership plan, the report
said. A committee of Dow Jones's board is expected to meet with
Burkle on Monday, the report said.




Dow Jones and News Corp. continue to negotiate a potential
deal, with an agreement on price possible soon, the report
said.


Read more at Reuters.com Business News

Yen, Taiwan Dollar, Ringgit, Singapore Dollar: Asian Currency Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.


Read more at Bloomberg Currencies News

SonoSite shares could head lower - Barron's

(Reuters) - "We believe our share of this market will grow rapidly,"
Barron's quotes Omar Ishrak, chief executive of GE's Healthcare
Clinical Systems unit, as saying.




In addition, SonoSite is embroiled in a patent dispute with
GE that, if it loses, "could be crippling to SonoSite,
considering the company's one-dimensional product line," Sean
D. Lavin, an analyst with Oppenheimer & Co., told Barron's.


Read more at Reuters.com Business News

Nissan seeks 36 pct rise in 2007 China auto sales

(Reuters) - Nissan Motor Co. hopes new models will boost its vehicle sales in China this year by more than a third, its China president said on Sunday.

Nissan, which operates a manufacturing venture in China with Dongfeng Motor Group Co., aims to sell 300,000 vehicles in China this year, up from 220,000 in 2006, Yukihisa Kayashima said on the sidelines of a media event.


Read more at Reuters Africa