Israeli Stocks Rally for Second Day, Led by Shares of Israel Corp., Teva

(Bloomberg) -- Israel's TA-25 Index climbed for a
second day, led by Israel Corp. Clal Finance Batucha Investment
Management Ltd. recommended buying shares of the holding company
with interests in chemicals and energy.

The TA-25 Index closed at a record, adding 6.20, or 0.6
percent, to 1132.57 in Tel Aviv, as 13 shares gained and 12
declined. Investors bought and sold about 1.53 billion shekels
($376 million) in shares and convertibles today.


Read more at Bloomberg Stocks News

ECB's Weber: Global liquidity unprecedentedly ample

(Reuters) - Global liquidity is unprecedentedly ample and the European Central Bank will do its utmost to ensure inflation expectations remain anchored at a low level, ECB Governing Council member Axel Weber said on Sunday.

The current low level of inflation does not allow the ECB to let down its guard, he told an economics conference hosted by the Kiel Institute for the World Economy, according to a text released in advance.


Read more at Reuters Africa

Australian explorer to start mining Eritrea gold

(Reuters) - Australian explorer Sub-Sahara Resources will begin mining operations in Eritrea after test drilling revealed 760,000 ounces of high grade gold, the company said on Sunday.

"Now our intent is to make this into a mine," Chief Executive Officer Michael Griffiths told Reuters in an interview. "Zara has high grade gold," he said, referring to one of two projects the company is running in the Red Sea state.


Read more at Reuters Africa

Hitachi, Oracle to sell China anti-piracy tags: report

(Reuters) - Hitachi and Oracle expect increasing demand for so-called IC, or integrated circuit, tags for a wide range of products, including cash vouchers, luxury items and home appliances, the Nikkei said, without giving a source for the information.




No-one at Hitachi or the local unit of Oracle could be reached for comment.


Read more at Reuters.com Business News

U.S. Stocks Rise, S&P 500 Climbs Most in Six Weeks; Dell, Ciena Advance

(Bloomberg) -- U.S. stocks resumed their record-
breaking rally and the Standard and Poor's 500 Index climbed the
most in six weeks on takeovers, earnings that topped analysts'
estimates and signs that economic growth is accelerating.

Real-estate shares led the S&P 500 to three straight records
after Lehman Brothers Holdings Inc. and Tishman Speyer Properties
LP agreed to buy U.S. apartment developer Archstone-Smith Trust
for $13.5 billion. Dell Inc. and Ciena Corp. pushed a gauge of
computer-related shares to the highest since August 2001 after
the companies said profit gains were fueled by rising sales.


Read more at Bloomberg Stocks News

India's Rain Calcining to buy US firm for $595 mln

(Reuters) - The two companies would have total production of more than
2.4 million tonnes and annual sales of $550 million, Rain
Calcining said in a statement on Saturday.




The company said the deal, executed by its U.S-based unit
Rain/CII Holdings, was expected to be sealed later this month.


Read more at Reuters.com Mergers News

US May jobs growth strong, prices muted

(Reuters) - The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May, while factory activity improved and consumers remained upbeat, according to data on Friday that suggested the economy was bouncing back.

The May payrolls rise came on a surge of hiring by service businesses and handily outstripped estimates for 130,000 jobs from Wall Street economists surveyed by Reuters, Labor Department data showed.


Read more at Reuters Africa