Reputation fears nag as Swiss trusts proliferate

(Reuters) - A change in Swiss law that will facilitate the use of trusts
has led to a surge in the number of such entities, which own
assets -- anything from equity, art collections, real estate or
even race horses -- on behalf of others.




"An awful lot of people are moving in, saying they're going
to be a trustee and that's it," said Stephanie Jarrett, a
partner at law firm Baker & McKenzie in Geneva.


Read more at Reuters.com Government Filings News

Depressed dollar/yen vols lure bargain hunters

(Reuters) - Option dealers in Tokyo cited a hedge fund buying on one-year implied volatility when it fell to an all-time low of 6.6 percent in mid-May, suggesting that vols may have bottomed out for the time being.




Implied volatility, a gauge of how much the options market thinks a currency pair will move over a given time period, has tumbled since early May as expectations for a Federal Reserve interest rate cut have receded, pushing the dollar back towards a 4-1/2-year peak of 122.20 yen hit in January.


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Advantage secures $2.6 bln for Tokyo Star-sources

(Reuters) - The structure of the financing will now be studied by Japan's regulatory watchdog the Financial Services Authority.



) Keywords: JAPAN TOKYO STAR ADVANTAGE


Read more at Reuters.com Bonds News

Vietnamese Dong Falls as Central Bank Increases Reserve Ratio From Today

(Bloomberg) -- The Vietnamese dong fell for a fourth
day after the central bank doubled the amount of deposits
commercial banks must set aside as reserves from today to help
cool inflation.

The currency headed for a third week of declines and traded
near the weakest in six months. State Bank of Vietnam Governor Le
Duc Thuy said on May 24 that the central bank had been selling
the dong to help exporters.


Read more at Bloomberg Currencies News

Oil above $68 after surprise U.S. crude stock draw

(Reuters) - London Brent crude oil in reaction to a fall in U.S. inventories when most people expected them to rise. But it's a fairly stable situation," said Andrew Harrington, industry analyst from ANZ Bank in Australia.


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Taiwan Dollar Heads for Best Week Since December on Central Bank Measures

(Bloomberg) -- Taiwan's dollar headed for the
biggest five-day rally since Dec. 1 on speculation the central
bank will curb declines after the currency last week reached a
17-month low.

The currency is set for a second weekly gain after the
central bank yesterday said mutual funds should invest more in
local stocks rather than sending money abroad. The island's
dollar yesterday touched the strongest since March 2.


Read more at Bloomberg Currencies News

Dow Jones to consider Murdoch bid, other offers

(Reuters) - The family earlier on Thursday said it would meet Murdoch, a softening of its earlier opposition to his $60-per-share offer for the company.




Read more at Reuters.com Business News