Japan's Output Rebounds From Three-Month Slump as Weak Yen Boosts Exports

(Bloomberg) -- Japan's industrial production
increased in June, ending the worst manufacturing slump in
almost two years and easing concern that growth in the world's
second-largest economy may falter.

Production rose a seasonally adjusted 1.2 percent from May,
halting three months of declines, the Ministry of Economy, Trade
and Industry said in Tokyo today. The median estimate of 34
economists surveyed by Bloomberg News was for a 1 percent gain.


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Italy says has one less option to save Alitalia

(Reuters) - The Italian Treasury, which has a 49.9 percent stake in Alitalia, is struggling to decide its next move to salvage the money-losing carrier after its seven-month auction collapsed earlier this month.




Economy Minister Tomasso Padoa-Schioppa last week said Rome was debating whether to start a new bidding process from scratch or begin direct talks with potential suitors, but backed away from the latter option on Sunday.


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US mortgage delinquencies to peak in '08-Economy.com

(Reuters) - The findings are based on consumer credit files from the
credit bureau Equifax and cover 200 metropolitan areas in the
United States.




Moody's Economy.com said the subprime adjustable-rate
mortgage, or ARM, segment will be the hardest hit, with the
in-foreclosure rate forecast to hit 10 percent by mid-2008, up
from the current 4 percent. For comparison, the previous peak
of 6 percent was reached soon after the September 11, 2001,
terrorist attacks, after which the rate fell to a low of 2.5
percent in the summer of 2005.


Read more at Reuters.com Bonds News