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.


Read more at Bloomberg Stocks News

Australian Dollar Trades Near Highest in 18 Years in Early Sydney Trading

(Bloomberg) -- The Australian dollar rose was at
87.03 U.S. cents at 7:25 a.m. in Sydney from 87.12 late in New
York last week, when it reached 87.16 cents, the highest since
February 1989.

The currency traded at 106.11 yen from 106.21 yen in New
York July 13, when it touched 106.36 yen, the most since
September 1991.


Read more at Bloomberg Currencies News

Dubai stock market owner to bid for OMX: report

(Reuters) - Nasdaq's cash and stock offer was worth $3.7 billion when made in May and valued OMX at 208.1 crowns per share.




Bankers at UBS and Goldman Sachs are understood to have been asked to be on standby to launch a bid for OMX on behalf of the DIFC as early as next week, the website said.


Read more at Reuters.com Business News

Egyptian indexes rebound, housing and EFG-Hermes up

(Reuters) - Egypt's main stock indexes rebounded on Sunday from last week's correction, carried by a strong rally in the housing sector and a rise in investment bank EFG-Hermes, traders said.

EFG-Hermes climbed 5 percent to reach a year closing high of 51 Egyptian pounds per share after renewed interest in the sector following the announcement last week that Egypt would privatise state-owned Banque du Caire within six to nine months.


Read more at Reuters Africa

T.Italia close to Brasil Telecom stake sale-report

(Reuters) - Egyptian telecom operator Orascom Telecom pulled
out of talks to buy the Telecom Italia stake in Brasil Telecom
last month.




Brasil Telecom's controlling shareholders are a group of
Brazilian state-run pension funds and Citigroup , which
have said in the past they plan eventually to sell their stakes.


Read more at Reuters.com Mergers News

Dollar Drops to Record Low Versus Euro Amid Slower U.S. Consumer Spending

(Bloomberg) -- The dollar fell to a record low
against the euro and the weakest in 26 years versus the pound on
speculation declining consumer spending will weaken the economy
and dim the allure of U.S. assets.

The U.S. currency dropped a fifth straight week against the
euro and pound amid growing bets that the Federal Reserve will
cut interest rates this year to spur growth. U.S. reports next
week are forecast to show a slowdown in housing starts and
manufacturing, which may fuel more dollar selling.


Read more at Bloomberg Currencies News

Nigerian interbank rates dip despite cash recall

(Reuters) - Nigerian interbank interest rates was unchanged to lower at the short-end of the market this week previously despite a big withdrawal by the state oil firm NNPC, traders said on Friday.

The secured Open Buy Back (OBB) rate was unchanged at 10.5 percent, while call money and overnight placement both dropped to 12 percent from 13.5 percent last week.


Read more at Reuters Africa