Auckland Airport, Goodman Property Viking: New Zealand Equity Movers

(Bloomberg) -- New Zealand's NZX 50 Index rose 1.72
point to 4245.38 at 10:41 a.m. in Wellington. The following shares
rose or fell. Stock symbols are in brackets after company names.

Auckland International Airport Ltd. (AIA NZ), the nation's
busiest gateway, rose 1 cent, or 0.3 percent, to NZ$3.31. The
shares have gained 17 percent from their level before June 18,
when the airport company said it was in talks with Canada Pension
Plan Investment Board and other parties that may result in an
offer.


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Thailand's SET Index Advances to a 10-Year High: World's Biggest Mover

(Bloomberg) -- Thailand's key stock index closed
above 800 points for the first time in a decade amid expectations
elections will be held this year to restore democracy.

``The next two or three months you'll see the market become
more stable because elections are under way and people have more
confidence in their local market,'' said Visit Tantisunthorn,
secretary general of Thailand's Government Pension Fund, which
manages about 320 billion baht ($9.3 billion) in assets.


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UPDATE 1-BCE takeover battle may not be over yet

(Reuters) - BCE on Saturday said its board recommended shareholders
accept a C$42.75 a share offer from a consortium which
includes the Ontario Teachers Pension Plan, Teachers Private
Capital, as well as Providence Equity Partners Inc. and Madison
Dearborn Partners, LLC.




The offer was worth an estimated C$51.7 billion, making it
the biggest buyout in Canadian corporate history.


Read more at Reuters.com Mergers News

US STOCKS-Indexes rise on data, takeover news

(Reuters) - NEW YORK, July 2 - U.S. stocks rose on Monday,
boosted by takeover news and data that showed manufacturing
growth quickened in June even as price pressures eased.




In deal news, Canada's largest telephone company, BCE Inc
, agreed to a proposed US$32.8 billion buyout
from a group that includes the Ontario Teachers Pension Plan on
Saturday, in the biggest such transaction in Canadian corporate
history. For details, see [ID:nN02315411].


Read more at Reuters.com Bonds News

BCE, Dobson, Focus, InterOil, Theravance, Virgin Media: U.S. Equity Movers

(Bloomberg) -- The following is a list of companies
whose shares are having unusual price changes in U.S. exchanges
today. Stock symbols are in parentheses after company names.
Share prices are as of 9:35 a.m. New York time.

BCE Inc. (BCE US) rose $1.28, or 3.4 percent, to $39.07.
Ontario Teachers' Pension Plan, which manages C$106 billion ($100
billion) for teachers in Canada's most populous province, agreed
June 30 to buy the country's biggest phone company for C$34.2
billion with investors including Providence Equity Partners Inc.
The value of the transaction with debt, preferred shares and
minority interests is C$51.7 billion.


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Housing loan – a lawful deduction

Deputy pension funds’ adjudicator discusses housing related deductions from pension benefits.

Individuals looking for money to build or refurbish a house could get it form their pensions.

Pension and provident funds are a form of social security and therefore the Pension Funds Act allows funds to grant housing loans to its members.In terms of the act, provided the fund rules so permit, a fund may grant a loan to a member for the purposes of acquiring a house or property on which a dwelling will be erected for him or his dependants or effecting improvements to an existing dwelling.

Read Full Article at MoneyWeb.co.za