Canada's Dollar Falls on Credit Fears, Depressing Commodity Currencies

(Bloomberg) -- Canada's dollar fell for the first
time in four days as investors sold currencies tied to commodity
exports on concerns U.S. subprime credit losses will spread,
slowing the global economy.

Commodity-linked currencies fell last week as investors
shunned the practice known as ``carry-trade'' in which investors
borrow in Japan to buy assets in economies such as Canada where
rates are believed headed higher. The benchmark lending rate in
Japan is 0.5 percent, while Canada's is 4.50 percent.


Read more at Bloomberg Currencies News

Anglo Plans $4 Billion Share Buyback After Posting Record Six-Month Profit

(Bloomberg) -- Anglo American Plc, the world's
second-biggest mining company, reported record profit, announced
a $4 billion stock buyback and said it may sell the Tarmac
asphalt unit. Anglo shares rose as much as 4 percent.

Net income climbed 15 percent to $3.38 billion, or $2.41 a
share, in the six months to June 30, from $2.94 billion, or $2,
a year earlier, the company said today in a statement.


Read more at Bloomberg Emerging Markets News

JGBs rise as Treasuries climb, Nikkei erases gains

(Reuters) - Bond investors watched movements in the Tokyo stock market
closely this week as they believe the Bank of Japan will take
recent volatility in equities into account when it decides
whether to raise interest rates at its Aug. 22-23 policy meeting.




"The JGB market will stay under the strong influence of
external factors as the BOJ is unlikely to lift interest rates
before investor risk aversion ends," said Naomi Hasegawa, a
senior fixed-income strategist at Mitsubishi UFJ Securities.


Read more at Reuters.com Bonds News

UPDATE 2-Pakistan issuer defers bond, others may follow

(Reuters) - KARACHI/HONG KONG, Aug 3 - Pakistani textile and
fertiliser maker Azgard Nine has postponed its
international bond issue due to poor market conditions, sources
familiar with the deal said on Friday, with other pending high
yield issues from Asia also seen as vulnerable.




Azgard Nine said in May its debut international bond,
sponsored by Citigroup , would be worth up to $260 million,
and have a tenor of between seven and 10 years.


Read more at Reuters.com Bonds News

Weyerhaeuser earnings tumble

(Reuters) - Excluding items, the company earned 48 cents a share in the latest quarter.




The company's shares have fallen 16.1 percent over the last three months, tracking a 12 percent drop in the Standard & Poor's Paper and Forest Products Index.


Read more at Reuters.com Bonds News

UPDATE 1-Weyerhaeuser 2nd-qtr results beat expectations

(Reuters) - Excluding items, the No. 2 U.S. timber and forest products
company earned 48 cents a share in the latest quarter, well
above Wall Street's expectations of 40 cents a share, according
to Reuters Estimates.




However, Weyerhaeuser's second-quarter net earnings tumbled
to $32 million, or 15 cents a share, from $298 million, or
$1.19, a year earlier on weak prices for lumber products and a
lower profit margin from its real estate business.


Read more at Reuters.com Bonds News

Canadian Retail Stocks May Decline After Jean Coutu Results Miss Estimates

(Bloomberg) -- Canadian retail stocks may fall after
earnings at Jean Coutu Group Inc., Canada's second-biggest
pharmacy chain, fell short of analysts' estimates.

A report showing that U.S. employers created fewer jobs last
month may weigh on the Canadian market, reinforcing concern that
economy of Canada's biggest trading partner is slowing. Energy
producers such as Imperial Oil Ltd. may advance along with crude
oil prices.


Read more at Bloomberg Stocks News