U.S Treasuries were flat on Wednesday, after an auction of two-year notes attracted lukewarm interest and stocks surrendered their gains on concerns about financing for takeovers.
The fall in equities on credit concerns, sparked by news that Chrysler Corp. had postponed a $12 billion auto loan deal, could see bonds attract a flight-to-quality bid, strategists said.
“It […]

The Tel Aviv Stock Exchange (TASE) will hold a closing call auction on all shares, bonds and treasury bills at the end of the trading day, beginning on July 29, 2007. The closing call will be in the same format as the opening auction.
The closing call will accumulate a large number of buy and sell […]

Food processor and distributor Michael Foods is back on the auction block and could fetch around $1.7 billion, sources said on Tuesday, nearly a year after the company stopped plans to sell itself.
The company’s majority owner, private equity firm Thomas H. Lee Partners, stopped plans to sell the business last year after the death of […]

Singapore Airlines, the first carrier in the world to fly the new superjumbo Airbus A380, will auction all seats on its inaugural flight on eBay, and donate the proceeds to charity.
The history-making return flight to Sydney on the double-decker airliner - the world’s biggest passenger jet - will take place in October, Singapore Airlines said […]

Alcan Inc. held talks with as many as six potential deal partners during a whirlwind two-month auction process before accepting Rio Tinto PLC’s $38-billion (U.S.) takeover bid over a rival, last-minute, all-cash offer from a Brazil’s CVRD.
According to documents filed yesterday with securities regulators, London-based Rio Tinto signed a confidentiality agreement with Alcan in April […]

Long-dated U.S. government bond prices pared losses on Tuesday after decent demand for a $6 billion auction of 20-year Treasury inflation-protected securities.
The nominal 30-year Treasury bond reversed earlier losses to trade up 1/32 in price for a yield of 5.05 percent, versus 5.06 percent before the auction and versus 5.06 percent late on Monday.

Egypt’s central bank said on Tuesday it had cancelled an auction for seven-year bonds. It gave no reason for the decision.
The Finance Ministry had planned to reopen seven-year bonds worth two billion Egyptian pounds on July 30 after postponing it from July 22.
The bonds were due to mature on September 20, 2012.
When the central bank […]

Vietnam’s biggest insurance firm Bao Viet raised VND14 billion (US$8.8 million) from a public auction of shares left over from its initial public offering last May after bidders defaulted.
However, of the 15.6 million shares remaining from the previous round, it found bidders for just 1.9 million. The amount raised was thus far below the $72 […]

Alitalia shares rose more than 5 percent Tuesday amid newspaper reports that KLM-Air France and the U.S. buyout firm Texas Pacific Group were interested in buying the failing airline a week after the government’s auction to privatize it failed.
Shares of Italy’s flagship carrier rose as high as €0.80 (US$1.10) and were trading up 3.8 percent […]

Japanese government bond futures slipped after edging up to a six-week high on Tuesday, hurt by a slight gain in Tokyo shares and dealers selling longer-dated paper to prepare for a 20-year auction later in the week.
Activity was subdued as many market players kept to the sidelines, looking to see whether lingering worries about problems […]