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WALL STREET OUTLOOK higher after gains in Europe; housing data in focus - AFX - Fri 16 May, 11:32 AM
LONDON (Thomson Financial) - Wall Street is on track to open higher, looking to advance for a third day straight, and following on from gains in Europe, although any bad news in Friday's housing report could dent investors' confidence.

Ahead of the Bell: Housing Starts - AFX - Fri 16 May, 11:31 AM
WASHINGTON (AP) - A government report on new-home construction and building permit applications for April is forecast to show further declines as the housing sector continues to sag.

RWE says 86 companies took part in 2nd power auction, purchased about 400 MW - AFX - Fri 16 May, 11:30 AM
ESSEN, Germany (Thomson Financial) - RWE AG (Xetra: 703712 - news) . said that 86 companies have taken part in the company's second power auction, purchasing all of the about 400 megawatts from hard-coal and lignite-fired power plants on offer.

Suspected suicide blast kills 10 in Sri Lanka - Reuters - Fri 16 May, 11:29 AM
A suspected Tamil Tiger suicide bomber rammed his motorbike into a police bus in the Sri Lankan capital on Friday, killing 10 people, the military and hospital authorities said.

British Energy receives at least two offers for company - AFX - Fri 16 May, 11:27 AM
LONDON (Thomson Financial) - British Energy Group said it has received at least two offers for the company and sources close to the deal said these include offers from EdF (Paris: FR0010242511 - news) and Iberdrola SA (Madrid: IBE.MC - news) .

Noble Group's proposed senior unsecured notes due 2013 rated 'BBB-' - Fitch - AFX - Fri 16 May, 11:26 AM
BANGALORE (Thomson Financial) - Fitch Ratings said it has assigned an expected rating of 'BBB-' to Hong Kong-based Noble Group Ltd (N21.SI - news) .'s proposed senior unsecured notes due 2013 and said its final rating would be contingent upon receipt of final documents.

Zimbabwe presidential run-off set for June 27 - Reuters - Fri 16 May, 11:23 AM
Zimbabwe will hold a run-off election between veteran President Robert Mugabe and opposition Movement for Democratic Change leader Morgan Tsvangirai on June 27, a government gazette said on Friday.

Ladbrokes profits rise on soccer betting - Reuters - Fri 16 May, 11:19 AM
Ladbrokes <LAD.L>, said profits excluding bets placed by "high rollers" rose 13 percent in the four months to April 30, boosted by growth in soccer betting.

Bin Laden marks Israel anniversary with combat vow - Reuters - Fri 16 May, 11:14 AM
Osama bin Laden vowed in an audio tape timed to coincide with Israel's 60th anniversary to continue to fight the Jewish state and its allies in the West.

Mobistar secures iPhone marketing deal - AFX - Fri 16 May, 11:13 AM
BRUSSELS (Thomson Financial) - Mobistar (Brussels: MOBB.BR - news) says will be selling the iPhone in Belgium later this year after the Orange group, of which it is a member, signed a deal with Apple (NASDAQ: AAPL - news) .


Bluetongue animal vaccination starts in most of EU 11:12 AM [ Reuters]
ORIX ratings raised to 'A3' from 'Baa1'; outlook stable - Moody's 11:10 AM [ AFX ]
Cairn Energy, Baloise, Eramet, Hannover Re, Eutelsat added to MSCI from May 30 11:08 AM [ AFX ]
Hong Kong shares close higher led by large caps - UPDATE 11:07 AM [ AFX ]
Renault group global April vehicle sales up 8.3 pct vs year earlier 11:06 AM [ AFX ]


China buries quake dead as new aftershock hits 11:00 AM [ Reuters]
Bush to press Saudi king on oil prices and Iran 10:54 AM [ Reuters]
Bank restates no upper limit on mortgage swap plan 10:51 AM [ Reuters]
EU inquiry deadline for Enel, Acciona buy of Endesa June 17 10:51 AM [ AFX ]
MPs lose bid to keep second home expenses secret 10:49 AM [ Reuters]


Rift Oil knows no reason for Friday's share price rise 10:49 AM [ AFX ]
EU inquiry deadline for L'Oreal buy of YSL beauty operations June 17 10:48 AM [ AFX ]
Barclays private equity unit buy of CID cleared by EU 10:47 AM [ AFX ]
Alstom declares itself civil party in French-Swiss bribery probe 10:46 AM [ AFX ]
Outokumpu invests 10 million euros in its UK facilities 10:45 AM [ AFX ]


Credit Suisse CEO confident about group outlook, crisis not over 10:45 AM [ AFX ]
Icahn to Yahoo board: Sell to Microsoft or leave 10:43 AM [ AFX ]
Pakistan's Zardari rejects ally's resignations 10:37 AM [ Reuters]
Ofcom awards Spectrum licence to Qualcomm UK Spectrum 10:34 AM [ AFX ]
India's SAIL FY net profit rises to 75.68 bln rupees from 62.15 bln 10:30 AM [ AFX ]


London shares up midmorning; oils and British Airways rise 10:29 AM [ AFX ]
Czech central banker says Czech Republic to remain low inflation economy UPDATE 10:28 AM [ AFX ]
Zimbabwe urges churches to help fight violence 10:18 AM [ Reuters]
Michelin confirms outlook for moderate sales growth in 2008 10:18 AM [ AFX ]
Metro CEO says he is 'confident' Real will achieve turnaround soon 10:15 AM [ AFX ]


Man held over missing make-up artist 10:14 AM [ Reuters]
China buries quake dead 10:13 AM [ Reuters]
Trichet says no room for complacency on euro zone inflation UPDATE 10:09 AM [ AFX ]
BA braces for turbulent year ahead 10:08 AM [ Reuters]
Indesit declines comment on any interest for GE white goods division 10:08 AM [ AFX ]


Modern cars confusing Brits 10:06 AM [ Your Money]
Asian stocks turn mixed as Nikkei retreats, BHP lifts Sydney market - UPDATE 10:06 AM [ AFX ]
Northamber says trading improvement continues into Q3 09:59 AM [ AFX ]
British Energy gets bid approaches at premium 09:53 AM [ Reuters]
Bin Laden vows to fight Israel on 60th anniversary 09:49 AM [ Reuters]


Indian police suspect Bangladeshi hand in blasts 09:44 AM [ Reuters]
Last members of Russian doomsday cult leave cave 09:42 AM [ Reuters]
Russia accuses Georgia of aiding rebels 09:40 AM [ Reuters]
Hong Kong shares close higher led by large caps 09:37 AM [ AFX ]
NHS IT programme running four years late 09:30 AM [ Reuters]


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