CBB Treasury Bills oversubscribed

European Factors to Watch-Shares seen retreating from 5-yr high
European shares were likely to retreat on Tuesday, with concerns the U.S. Federal Reserve might begin slowing its bond purchases later in the year seen prompting investors to take profits from a r

KPC board replaces top chiefs
Kuwait’s vital oil sector has undergone a major reshuffle, with new executives appointed for the subsidiaries of Kuwait Petroleum Corp, after a new KPC chief was named last week, the national oil fir

German Producer Price Inflation Eases For Third Month
Germany's producer price inflation slowed for the third consecutive month in April, data released by the Federal Statistical Office revealed Tuesday.

Producer prices rose only 0.1 percent

Japan’s Topix Swings as Steel Advances, Foodmakers Drop
Japan’s Topix Index (TPX) extended a 4 1/2-year high as steelmakers rallied and GS Yuasa Corp. (6674) jumped after Dreamliner flights resumed in the U.S.

Kobe Steel Ltd. gained 19 percent, r

Pound Little Changed Versus Dollar Before U.K. Inflation Data
The pound was little changed versus the dollar before a government report that economists said will show U.K. consumer-price inflation slowed in April.

Sterling climbed from near the lowest