Monday, May 24, 2010

U.S. stocks pressured by banks, helped by tech

Date: Mon, 24 May 2010 12:00:56 -0400

U.S. STOCKS PRESSURED BY BANKS, HELPED BY TECH
Financials lead U.S. stocks lower on Monday as a Spanish bank bailout
spurs concerns over the health of European banks and questions
lingered over the final shape of the U.S. financial regulatory
overhaul. See full story.

SOUTH KOREA WON PLUMMETS AS TENSIONS ESCALATE
The South Korean won falls sharply agains the U.S. dollar following a
speech by President Lee Myung-bak suspending trade ties with the North
and condemning last month's deadly attack on a South Korea warship.

SOUTH KOREA WON PLUMMETS AS TENSIONS ESCALATE
The South Korean won falls sharply against the U.S. dollar following a
speech by President Lee Myung-bak suspending trade ties with the North
and condemning last month's deadly attack on a South Korea warship.

HU STRESSES CHINA'S WILLINGNESS TO REFORM YUAN
Chinese President Hu Jintao uses the kick-off of talks with the U.S.
to repeat Beijing's willingness to reform the yuan, offering an
apparent tick forward toward a more liberal currency policy.

CHINA , U.S. SEEN NEARING DEAL ON YUAN
Beijing may offer a major concession on its foreign-exchange policy in
talks with U.S. officials early next week, though analysts say it's
unlikely any official Chinese announcement on its currency would
immediately follow the three days of meetings.

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