Tuesday, January 02, 2007

Funds news 1/2/2007

Funds news 1/2/2007
Emerging Markets to Lead Stocks, Boosted by Consumer Shares, Mobius Says Emerging-market stocks may lead global equity returns for a sixth straight year because consumers from China to Brazil are becoming wealthy enough to propel economic growth even as demand for their exports slows.
Treasuries to Rise Most in Five Years as Fed Cuts, Primary Dealers Predict Wall Street's biggest bond-trading firms, confident the Federal Reserve will lower interest rates as the U.S. economy cools, say Treasuries will post the best gains in five years during 2007.
China's Citic Completes $1.9 Billion Kazakhstan Oil Asset Acquisition China International Trust & Investment Corp. completed a $1.9 billion oil asset purchase in Kazakhstan after agreeing to sell half a stake to KazMunaiGas to win the Central Asian government's approval for the acquisition.
Gold Trades Near a Four-Week High in Asia as Dollar Declines Against Euro Gold traded near a four-week high in Asia as a decline in the value of the dollar boosted the appeal of the metal as an alternative investment.
Domino's Pizza Buys Al Capone's and Alvolo Chains; Adds 25 European Stores Domino's Pizza Enterprises Ltd., Australia's biggest pizza maker, acquired the Alvolo and Al Capone's chains in Europe for an undisclosed amount, increasing its network in the region by 15 percent.
Land Securities, British Land Shares Rise on First Day of Trading as REITs Shares of Land Securities Group Plc and British Land Co., the U.K.'s largest real estate companies, rose on their first day of trading as real estate investment trusts.
GSC Group Raises $530 Million for Distressed-Debt Investment Fund GSC Group, an $18 billion investment firm that specializes in loans and bonds, raised $530 million for buying debt of troubled companies.
Goodman Fielder Confirms $613 Million Price for New Zealand Dairy Foods Goodman Fielder Ltd., Australia's largest baker, confirmed the final purchase price for its acquisition of New Zealand Dairy Foods Holdings is NZ$869.6 million ($613 million).

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