Chile stocks resist pull of US market, peso slips

(Reuters) - The Dow Jones Industrial average fell 0.65 percent,
despite better than expected second-quarter GDP growth data.




"We haven't taken our eyes off the U.S. market," said
Lorena Pizarro, head of research with the Alfa brokerage.


Read more at Reuters.com Bonds News

Blackstone shares drop as much as 7 percent

(Reuters) - Its shares were down another 7 percent on Thursday, before staging a late-day rally, ending slightly higher. The firm's stock fell 4.8 percent on Friday afternoon to $24.44.



Blackstone raised more than $4 billion through its IPO, most of which went to paying out top partners.


Read more at Reuters.com Hot Stocks News

Pound Posts Weekly Decline Versus Dollar as Investors Shun Risk, on Carry

(Bloomberg) -- The pound snapped a six-week rally
against the dollar as global stocks slumped and investors pared
so-called carry trades on concern U.S. subprime mortgage defaults
will slow growth.

The U.K. currency slid for a third day against the dollar,
falling from a 26-year high, as investors unwound purchases of
assets funded by borrowing in Japan and Switzerland, which have
the lowest rates among major economies. The pound this week fell
almost 4 percent against the yen, the most in five months.


Read more at Bloomberg Currencies News

UPDATE 1-Windfarm operator Trinergy for sale -source

(Reuters) - NEW YORK/FRANKFURT, July 27 - European windfarm
operator Trinergy is up for sale in a deal that could be worth
around 2 billion euros , a source familiar with
the matter said.




Several private equity companies have handed in their bids
in the second round of the transaction, which RBC Capital
Markets is running, said the source, who declined to be
identified.


Read more at Reuters.com Mergers News

Economy moving toward sustained growth: Paulson

(Reuters) - "We're seeing risk being repriced and a different perspective on risk," Paulson said, but he said the U.S. and global economies remained healthy.




Paulson said parts of the U.S. economy, particularly the housing sector, had been booming at a pace that couldn't last and that was changing.


Read more at Reuters.com Economic News

Bolivian splits exposed by move to shift capital

(Reuters) - The idea to shift the seat of government from bustling La
Paz high in the Andes mountains to slower, colonial Sucre
emerged during discussions at an assembly rewriting Bolivia's
constitution.




The issue -- reflecting regional disparities, rivalries and
historical roles -- has sparked demonstrations, including one
in La Paz of at least 1 million people.


Read more at Reuters.com Bonds News

UPDATE 1-Hubbell earnings jump as cost-cutting steps pay off

(Reuters) - Hubbell's Class A shares were trading up 8 percent at
$59.30, after hitting a year-high of $60.40 earlier on the New
York Stock Exchange.




In a slower residential market, Hubbell has been focusing
on improving its profits through cutting costs, boosting prices
and enhancing productivity.


Read more at Reuters.com Market News