U.S. worries pressure Asian stocks, dollar

(Reuters) - The negative trend is expected to spread to Europe where financial bookmakers are calling for major markets to open around 1 percent lower.




Heightened concerns for economic growth knocked oil prices, which briefly dipped below $74.50, and dragged Shanghai copper futures down 3 percent, but flight to safety helped gold stay near one-week highs and held the benchmark U.S. 10-year Treasury yield near 2-½ month lows.


Read more at Reuters.com Hot Stocks News

Shanghai copper tumbles 3 percent on risk worries

(Reuters) - Shanghai copper futures fell 3 percent on Monday, following losses in London and jitters in equity and other commodities markets on concerns about the U.S. economy.

Confidence in global markets, including commodities and equities, has been seriously dented by the continuing crisis in the U.S. subprime mortgage sector.


Read more at Reuters Africa

Oil extends decline, falls 1 pct on poor US data

(Reuters) - Oil fell more than 1 percent to about $74 a barrel on Monday, extending the previous session's decline which saw prices dragged down by poor U.S. economic data.

U.S. crude, which slid as much as 91 cents, or 1.2 percent in early trade, reversed some losses and was down 59 cents at $74.89 a barrel by 0558 GMT.


Read more at Reuters Africa

Wal-Mart, India Bharti to hold news conference

(Reuters) - NDTV Profit television said Bharti Enterprises chief Sunil
Mittal said 8 joint stores had been finalised, with the first
store formats to be cash-and-carry.




Earlier this year, Bharti and Wal-Mart agreed to form a
joint venture for cash-and-carry stores and back-end operations
in India.


Read more at Reuters.com Mergers News

Malaysia's Sarawak State Plans to Build $900 Million Pulp Mill, People Say

(Bloomberg) -- Malaysia, the biggest exporter of
tropical timber, is planning a $900 million pulp mill in Sarawak
state to take advantage of rising prices and increasing local
power supply, according to two people familiar with the matter.

The mill, to be developed by Sarawak's state government,
will have capacity to produce at least 700,000 metric tons a
year, according to the people, who declined to be named before
an official announcement. The project may cost $700 million to
$900 million and be fed by Acacia Mangium hardwood trees from a
state-owned plantation.


Read more at Bloomberg Emerging Markets News

Gold off 1-week high, Tokyo dips on firmer yen

(Reuters) - Gold dipped in profit taking on Monday after touching a one-week high last week, while Tokyo futures fell on a firmer yen.

Spot gold fell to $671.90/672.40 an ounce at 0320 GMT, from $674.10/674.90 late in New York on Friday, when it hit its highest in a week at $674.20 an ounce as the dollar weakened on lower-than-expected U.S. data on jobs growth.


Read more at Reuters Africa

Buyout `Freeze' Shuts Wall Street Pipeline; $1.3 Billion of Fees Dries Up

(Bloomberg) -- While investment bankers feasted on an
unprecedented $8.4 billion of fees for arranging leveraged
buyouts in the first half, the rest of the year may prove to be a
famine.

``It's impossible to conclude that it's not going to be a
tougher time for Wall Street,'' said Steven Rattner, co-founder
of New York-based buyout firm Quadrangle Group and former vice
chairman of Lazard Freres & Co. ``There's going to be an impact
on revenues and profits.''


Read more at Bloomberg Bonds News