CCS Income Trust to go private in C$3.5 bln bid

(Reuters) - CCS units last traded at C$37.89 on the Toronto Stock
Exchange, representing a 21-percent premium.




The investor group, headed by Werklund, includes, CAI
Capital Partners, Goldman Sachs Capital Partners, Kelso & Co.,
Vestar Capital Partners, British Columbia Investment Management
Corporation and O.S.S. Capital Management L.P.


Read more at Reuters.com Mergers News

New Zealand Dollar Reaches New High Versus Dollar, Yen on Rate Speculation

(Bloomberg) -- The New Zealand dollar rose to a 22-
year high on speculation the central bank may raise interest
rates further to curb economic growth and inflation.

The central bank has boosted the official cash rate three
times this year in a bid to subdue consumer spending, which it
says is spurring inflation and unsustainable growth. The record 8
percent rate has helped the New Zealand dollar, known as the
kiwi, gain 29 percent in the past 12 months. The government
statistician said today the economy expanded 1 percent in the
first quarter, matching economists' expectations.


Read more at Bloomberg Currencies News

GLOBAL MARKETS-Yen, stocks fall, mkt eyes data, digests Fed

(Reuters) - European stocks gave back earlier post-Fed gains as markets
eyed U.S. inflation data for clues on the health of the world's
biggest economy in the absence of significant company news.




Oil held around $70 a barrel for a third session as the
market focused on falling gasoline inventories in the United
States and a decline in crude stocks in a key delivery point in
the world's top consumer.


Read more at Reuters.com Economic News

Philippine Peso Gains for Quarter on Overseas Funds; Won Boosted by Growth

(Bloomberg) -- The Philippine peso had a fourth
quarterly gain on speculation workers abroad sent back more
remittances and overseas funds bought the nation's stocks.

The peso was the second-best performer of 10 of the most-
traded Asia-Pacific currencies this quarter as the Philippine
Stock Exchange Index reached a record high. Money sent home by
Filipinos working abroad exceeded $1 billion for a 12th month in
April. The data are issued with a lag and may rise in May and
June as funds are remitted for the start of the school year.


Read more at Bloomberg Currencies News

Norges Bank to Buy Currency for 670 Million Kroner a Day Starting in July

(Bloomberg) -- Norway's central bank said it will -
increase purchases of foreign currency for the country's global
pension fund next month.

The Oslo-based central bank will buy 670 million kroner ($113
million) of foreign currency a day in July, up from 400 million a
day in June, it said in a statement on its Web site today.


Read more at Bloomberg Currencies News

Exxon Mobil Shuts Some Units at Its Refinery in Singapore for Maintenance

(Bloomberg) -- Exxon Mobil Corp., the world's
largest publicly traded oil company, shut ``several operating
units'' for planned maintenance at its 605,000 barrels-a-day
Singapore refinery.

Repairs to units at the Jurong site started today, and will
continue for about seven weeks, the company said in an e-mailed
statement. The shutdown will allow engineers to inspect
equipment normally in continuous operation, as well as to
install ``facility improvement projects,'' the company said.


Read more at Bloomberg Energy News

Pertamina to Shut Refinery Unit in Indonesia in October for Maintenance

(Bloomberg) -- PT Pertamina, Indonesia's state oil
company, will shut its Balongan refinery in West Java for
maintenance in October, a company official said.

The refinery, which can process 125,000 barrels of oil a day
at its crude distillation unit, will close for 30 days, Suroso
Atmomartoyo, the company's director of processing, told reporters
in Jakarta today.


Read more at Bloomberg Energy News