Polo Ralph Lauren posts higher quarterly profit

(Reuters) - Analysts, on average, were expecting the New York-based company to earn 62 cents per share, according to Reuters Estimates.




Net quarterly revenue rose 6 percent, to $1.03 billion, in line with Reuters Estimates, driven by a 10 percent increase in European sales and U.S. sales of children's wear, menswear and Lauren clothing.


Read more at Reuters.com Market News

Brazilian Real, Mexican, Chilean Peso: Latin American Currency Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Latin American currencies today.
Exchange rates are from the previous session.

Argentine peso: Construction activity rose 2.3 percent in
April from a year earlier, the National Statistics Institute
reported yesterday.


Read more at Bloomberg Currencies News

CORRECTED - UPDATE 1-Alitalia shares fall after TPG withdraws bid

(Reuters) - A consortium led by U.S. private equity company Texas
Pacific Group said late on Tuesday it was withdrawing from
bidding for Alitalia.




The pullout leaves Italian airline Air One and Russian flag
carrier Aeroflot vying for Alitalia. Both bids are supported by
Italian banks -- Aeroflot's by UniCredit, and Air One's by
Intesa Sanpaolo.


Read more at Reuters.com Mergers News

Uranium Demand Will Double by 2030, World Nuclear Association Forecasts

(Bloomberg) -- Uranium demand will more than double
by 2030, with use of the nuclear fuel spreading to Malaysia,
Indonesia and Vietnam, said a group representing companies
including BHP Billiton Plc, Cameco Corp. and Duke Energy Corp.

Demand will climb to 160,000 metric tons by 2030, from
65,000 tons this year, Steve Kidd, director of strategy and
research of the World Nuclear Association, said at a Mining
Journal uranium conference in London today.


Read more at Bloomberg Commodities News

Altadis, Portugal Telecom, C&W: European Credit-Default Swap Market Movers

(Bloomberg) -- The risk of owning European corporate
bonds rose today, according to traders in the credit-default
swaps market.

Contracts based on 10 million euros ($13 million) of debt
included in the iTraxx Crossover Series 7 Index rose 4,500 euros
to 194,500 euros, according to JPMorgan Chase & Co.


Read more at Bloomberg Bonds News

UPDATE 2-Moody's reviews China, HK for possible upgrade

(Reuters) - HONG KONG, May 30 - Moody's Investors Service
placed China's A2 rating on review for a possible upgrade on
Wednesday, praising its strong external payments position,
continued success in reform and favourable fiscal trends.




The ratings agency said it was also reviewing for a
possible upgrade China's A2 country ceilings for foreign and
local currency bank deposits, as well as its A2 foreign and
local currency bond ceilings, and its ratings for Hong Kong and
Macau.


Read more at Reuters.com Economic News

ICE in pact with Chicago options exchange: report

(Reuters) - CBOT has been battling with the CBOE over exercise rights that date back to the creation of the options exchange by CBOT in 1973. The rights allow CBOT full members to trade options at the neighboring CBOE without having to buy a membership.




CBOE has requested that these rights be terminated if CBOT is taken over. CBOT has vowed to protect the rights.


Read more at Reuters.com Business News