International Headlines

Date: Sat, 8 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 09 May, 2010

> UK LEADERS TRY TO RESOLVE POLITICAL DEADLOCK
Talks have continued between UK political leaders to resolve a
national vote that failed to create an outright winner. At one
point Liberal Democrat leader Nick Clegg, above, addressed a
crowd of protesters calling for political reform.

> BARCELONA EDGE CLOSER TO LA LIGA TITLE
The battle for the La Liga title between Spanish giants
Barcelona and Real Madrid will go down to the last day of the
season, after wins from both teams on Saturday insured the
Catalan's slender one-point lead over their rivals at the top of
the division was maintained.

> STATEN ISLAND FERRY CRASH INJURES 60
A ferry boat crashed into the Staten Island Ferry terminal
Saturday morning, leaving at least 60 people injured,
authorities said.

> SEVERE STORM KILLS 54 IN INDIA
A powerful storm has killed at least 54 people in northern and
eastern India, authorities said Saturday.

> GERMAN BISHOP QUITS OVER ALLEGATIONS
The pope has accepted the resignation of a German bishop who had
offered to step down last month after he was accused of hitting
children in his care and misusing money donated to an orphanage.

> EU LEADERS SEEK TO CALM MARKETS
European Union leaders on Saturday called for a "stabilization
mechanism" in hopes of easing markets shaken by the Greek
economic crisis before they re-open Monday.

> ASH CLOUD SHUTS SPANISH AIRPORTS
Fifteen Spanish airports will be closed Saturday afternoon
because of ash blowing from an Icelandic volcano, aviation
officials said.

> VIOLENCE IN THAILAND KILLS 2, INJURES 8
Two Thai police officers were killed and eight people injured in
overnight violence that lasted into early Saturday near
anti-government strongholds.

BUSINESS
~~~~~~~~~~~

> WALL STREET STOCKS FALL AGAIN
The selloff resumed Friday as investors remained jittery
following one of the most gut-churning days in Wall Street
history.

> CONTAINMENT DOME LOWERED AT LEAK SITE
A massive dome began its descent into the Gulf of Mexico to cap
a gushing oil leak about 5,000 feet below the surface, a BP
official said Friday.

> EU LEADERS APPROVE GREEK BAILOUT
Leaders of several European countries will meet Friday in
Belgium to finalize the details on a financial bailout plan for
Greece.

International Headlines

Date: Fri, 7 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 08 May, 2010

> RIVALS JOSTLE FOR POWER AS UK VOTE ENDS IN DEADLOCK
British PM Gordon Brown and David Cameron, pictured, both offer
alliances to the Liberal Democrats as they jostle for power
after the UK's inconclusive election.

> EU GOVERNMENTS APPROVE GREECE BAILOUT
Leaders of several European countries will meet Friday in
Belgium to finalize the details on a financial bailout plan for
Greece.

> EUROPEAN LEADERS HIT AT RATINGS AGENCIES
The world's credit ratings agencies have come under attack from
Germany and France over their role in Europe's debt crisis, with
the U.S. joining calls for tough measures to curb their
influence over markets.

> CONTAINMENT DOME LOWERED AT LEAK SITE
A massive dome began its descent into the Gulf of Mexico to cap
a gushing oil leak about 5,000 feet below the surface, a BP
official said Friday.

> SPILL THREATENS AIRCRAFT CARRIER REEF
As the "H2O Below" charter boat leaves the dock and heads into
Pensacola Bay, it is chock full of divers.

> IRISH AIRSPACE REOPENS AFTER ASH SCARE
Ash from an Icelandic volcano shut down airports in Ireland for
a fourth day Friday, disrupting travel plans for thousands of
passengers.

> BATTLING TIGER MAKES CUT AT SAWGRASS
Tiger Woods has avoided missing the halfway cut in successive
tournaments for the first time in his career, but will go into
the weekend at the $9.5 million Players Championship nine shots
off the lead.

> TIMES SQUARE SUSPECT 'HAD TALIBAN TIES'
Faisal Shahzad made a practice run in Manhattan the day before
he allegedly tried to blow up a car bomb in Times Square

BUSINESS
~~~~~~~~~~~
> WALL STREET STOCKS FALL AGAIN
The selloff resumed Friday as investors remained jittery
following one of the most gut-churning days in Wall Street
history.

> NIKKEI SLIDE CONTINUES GLOBAL SELL-OFF
The Nikkei-225 Index in Tokyo closed 3.1 percent lower on Friday
as the global sell-off -- sparked by the debt crisis in Greece
and a wild session on Wall Street -- continued to roll with the
sun across the financial world.

> LIVERPOOL FC LOSE $81M; CEO PAID $6M
Liverpool's failure to qualify for the Champions League has been
put in stark relief by figures showing the English club's
American owners made a loss of $81 million for the year up to
July 31, 2009.

Markets, Friday, 05/7/2010

Date: Fri, 7 May 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,380.43 down 139.89 | S & P : 1,110.88 down 17.27 |
| NASDAQ: 2,265.64 down 54.00 | Bond (10Y): 3.43% up 0.031
|---------------------------------------------------------------------------|

MARKETS:
Stocks down on day, week, year
Markets drop as investors keep worrying about Greece in the aftermath
of the prior day's roller coaster ride. Nasdaq down more than 10% from
highs, a technical 'correction.'

Stocks' rocky week ends with 4th straight loss; major indexes now lower for '10. Dow drops 142 points, Nasdaq dips 2.3%. S&P off 1.6%

Date: Fri, 07 May 2010 17:54:01 -0400

Stocks' rocky week ends with 4th straight loss; major indexes now
lower for '10. Dow drops 142 points, Nasdaq dips 2.3%. S&P off 1.6%

U.S. stocks drop sharply, extending tumult

Date: Fri, 07 May 2010 12:00:55 -0400

U.S. STOCKS DROP SHAPLY. EXTENDING TUMULT
U.S. stocks plunge again Friday morning, as spooked investors
retreated from the market after a dizzying drop on Thursday, wiping
out year-to-date gains for the three major large-cap indexes.

GERMAN PARLIAMENT APPROVES AID FOR GREECE
Germany's parliament approves legislation Friday to contribute 22.4
billion euros to an international aid package aimed at staving off
bankruptcy in debt-laden Greece.

GOLD PRICES RESUME MARCH UP, AT FIVE-MONTH HIGHS
Gold is back at testing a record high at midday, as it changes
direction higher and pushes past the $1,200-an-ounce mark.

CITI SEES UP TO 20% CORRECTION OVER GREECE
Just hours after one of the most bruising sessions for Wall Street,
strategists in Europe painted a poor outlook for rebound prospects in
the near term.

International Headlines

Date: Fri, 7 May 2010 05:02:04 -0400

> UK FACES HUNG PARLIAMENT AFTER ELECTION
British Prime Minister Gordon Brown has given no indication that
he will step down, despite exit-poll predictions that his Labour
party has come second in elections for the House of Commons.

> EUROPEAN LEADERS HIT AT RATINGS AGENCIES
The world's credit ratings agencies have come under attack from
Germany and France over their role in Europe's debt crisis, with
the U.S. joining calls for tough measures to curb their
influence over markets.

> HUGE DOW CRASH CAUSES MASS FEAR
Erin Burnett, the anchor of CNBC's Street Signs afternoon TV
show, ended Thursday's programme saying it had been "the most
exciting 15 minutes in Street Signs' history".

> VIOLENCE IN ATHENS AFTER AUSTERITY VOTE
Violence breaks out between police and demonstrators in Athens
hours after Greek lawmakers approved an unpopular package of
budget-cutting measures.

> CONTAINMENT DOME LOWERED AT LEAK SITE
A massive dome began its descent into the Gulf of Mexico to cap
a gushing oil leak about 5,000 feet below the surface, a BP
official said Friday.

> 'MAJOR MISTAKES' MADE IN OIL RIG SINKING
A four-story containment dome is expected to arrive Thursday
morning at the site of the Gulf of Mexico's gushing oil well,
where BP will attempt to lower the container onto a ruptured
deep-water pipe.

> U.S. EXTENDS TRAVEL WARNING TO MEXICO
The U.S. State Department on Thursday extended a travel warning
that had been issued for Mexico because of the region's high
level of drug and gang violence.

> TIMES SQUARE SUSPECT 'HAD TALIBAN TIES'
Faisal Shahzad made a practice run in Manhattan the day before
he allegedly tried to blow up a car bomb in Times Square.

BUSINESS
~~~~~~~~~~~

> NIKKEI SLIDE CONTINUES GLOBAL SELL-OFF
The Nikkei-225 Index in Tokyo closed 3.1 percent lower on Friday
as the global sell-off -- sparked by the debt crisis in Greece
and a wild session on Wall Street -- continued to roll with the
sun across the financial world.

> BANK OF JAPAN PUMPS FUNDS INTO MARKET
The Bank of Japan moved to offer Y2,000bn ($21.6bn) in overnight
liquidity on Friday to "increase markets' sense of security"
because of turmoil resulting from the debt crisis in Greece.

> DOW JONES REBOUNDS AFTER PLUNGE
The Dow Jones plunges almost 1,000 points amid fears European
debt problems could stall the global recovery -- but regains
some ground later in the session.

Breaking news: Jobless rate rises to 9.9% in April

Date: Fri, 07 May 2010 06:44:56 -0600

WASHINGTON (AP) -- Employers stepped up job creation in April,
expanding payrolls by 290,000, the most in four years. The jobless
rate rose to 9.9% in April -- from 9.7% in March -- as people streamed
back into the market looking for work.

The unemployment rate rose in April, mainly because 805,000 jobseekers
-- perhaps feeling better about their prospects -- resumed their
searches for work.

Stock selloff intensifies as investors remain rattled. Dow sinks 100 points. Nasdaq slides 1.7%. S&P 500 falls 1.1%.

Date: Fri, 07 May 2010 10:30 AM EDT

Stock selloff intensifies as investors remain rattled. Dow sinks 100
points. Nasdaq slides 1.7%. S&P 500 falls 1.1%.

Stocks open lower, a day after trading glitches shook Wall Street. Dow sinks 60 points in first minutes of trading.

Date: Fri, 07 May 2010 10:37:18 -0400

Stocks open lower, a day after trading glitches shook Wall Street. Dow
sinks 60 points in first minutes of trading.

Breaking News: Stocks recover after 900-point loss

Date: Thu, 06 May 2010 14:33:13 -0600

NEW YORK (AP) - The stock market has had one of its most turbulent
days ever. The Dow Jones industrials plunged nearly 1,000 points in
half an hour amid concerns that Greece's debt problems could halt the
world financial recovery, then recovered two-thirds of its losses to
close down 347 at 10,520. But all the major indexes lost 3% in a day
that recalled the market turmoil of the 2008 financial crisis. There
were reports that a technical glitch hastened the selling.

Markets, Thursday, 05/6/2010

Date: Thu, 6 May 2010 17:31:07 -0400

|---------------------------------------------------------------------------|
| Dow : 10,520.32 down 347.80 | S & P : 1,128.15 down 37.75 |
|NASDAQ: 2,319.64 down 82.65 | Bond (10Y): 3.40% down 0.152
|---------------------------------------------------------------------------|

MARKETS:
Dow's wild ride
Markets battered as faulty P&G stock quotes and worries about Europe's
debt problems spark selling. Intraday plunge of 997.21 is biggest in
history.

Wild day in markets ends with Dow down 355 points, Nasdaq and S&P fall 3%. Faulty stock quotes, Greek debt issue roil investors.

Date: Thu, 06 May 2010 16:07:14 -0400

Wild day in markets ends with Dow down 355 points, Nasdaq and S&P fall
3%. Faulty stock quotes, Greek debt issue roil investors.

Breaking News: Stocks tumble on Greece debt worries

Date: Thu, 06 May 2010 12:51:11 -0600

NEW YORK (AP) - Dow Jones industrials fall more than 800 points as
worries about Greece debt problems worsen.

Dow plummets 437 points as Greek protests spook investors; Nasdaq and S&P losses grow above 4%.

Date: Thu, 06 May 2010 14:46:39 -0400

Dow plummets 437 points as Greek protests spook investors; Nasdaq and
S&P losses grow above 4%.

BP moves containment structure to oil spill site

Date: 6 MAY 2010 16:49:41 GMT
5/6/2010 12:49:00 PM ET

A ship carrying a 100-ton, 40-foot tall structure to trap leaking oil
arrived at the site of BP's oil spill in the Gulf of Mexico on
Thursday, but attempts to install it remain days away.

Report: U.S. stocks retreat for a third day

Date: Thu, 06 May 2010 12:00:58 -0400

U.S. STOCKS RETREAT FOR A THIRD DAY
U.S. stocks on Thursday tried but failed to halt declines from
extending into a third day as investors weighed the impact of Europe's
financial troubles on Wall Street.

PRODUCTIVITY SLOWS TO 3.6% IN FIRST QUARTER
With major cost-cutting efforts now in the past, the productivity of
U.S. nonfarm businesses slowed in the first quarter from 6.3% to a
still-healthy 3.6%, according to a Labor Department estimate.

INITIAL JOBLESS CLAIMS DROP 7,000 TO 444,000
The number of first-time applications for state unemployment benefits
fell by 7,000 last week to a seasonally adjusted 444,000, the Labor
Department reports.

FED'S BERNANKE OPTIMISTIC ABOUT BANK LENDING
There are some reasons for optimism about the outlook for bank lending
even though lending is still contracting and credit remains tight,
Federal Reserve Board chief Ben Bernanke says.

TRICHET KEEPS ECB NUKES IN THE SILO
The European Central Bank is right to hold off on buying debt of
euro-zone countries.

Stocks open lower as investors continue to be rattled by Europe's debt woes. Dow drops 27 points.

Date: Thu, 06 May 2010 09:43:55 -0400

Stocks open lower as investors continue to be rattled by Europe's debt
woes. Dow drops 27 points.

U.S. initial jobless claims fall by 7,000 to 444,000; data help trim premarket declines

Date: Thu, 06 May 2010 08:33:44 -0400

U.S. initial jobless claims fall by 7,000 to 444,000; data help trim
premarket declines
05/06/2010 08:31:56 AM EDT

Bernanke sees reason for optimism in U.S. bank-lending outlook

Date: Thu, 06 May 2010 09:35:08 -0400

Bernanke sees reason for optimism in U.S. bank-lending outlook
05/06/2010 09:33:21 AM EDT

Breaking News

Date: Thu, 6 May 2010 04:42:04 -0400

Mohammed Ajmal Kasab, only surviving gunman in 2008 Mumbai attacks,
sentenced to death by court in India.

International Headlines

Date: Wed, 5 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 06 May, 2010

> 3 DEAD IN BANK FIREBOMBING AS GREEK PROTESTS TURN VIOLENT
Three people are dead after a fire bomb hit an Athens bank amid
clashes between protesters and riot police on the streets in
Greece over government austerity measures.

> TIMES SQUARE SUSPECT 'EXPECTED' ARREST
U.S. officials ask how the suspect in the attempted Times Square
bombing slipped through surveillance to board a Dubai-bound
plane just minutes from departure.

> SUSPECT'S ASSOCIATES HELD IN PAKISTAN
The father-in-law and a friend of the suspect in the Times
Square car bombing attempt were among several people detained
for questioning in Pakistan in the last two days.

> FINAL CAMPAIGN DAY BEFORE UK ELECTION
After Cleggmania, the "bigotgate" gaffe and the first-ever
candidate debates, the Big Day is almost here.

> POLL: MOST IN UK OPPOSED TO IMMIGRATION
More than three out of four British people think fewer
foreigners should be allowed to move to the country, a new poll
by YouGov for CNN found Wednesday.

> NEW PLAN TO BURN OFF GULF OIL SLICK
With a damaged undersea well still spewing crude oil into the
Gulf of Mexico, Louisiana's coastal parishes made new plans to
keep the oil from moving into Lake Borgne and Lake
Pontchartrain, which flank New Orleans.

> VOLCANIC ASH GROUNDS UK, IRISH FLIGHTS
Ash from an Icelandic volcano shut down airports in the United
Kingdom and Ireland for a second day Wednesday, causing
disruptions to hundreds of passengers.

> ARIZONA CITIES TO FIGHT IMMIGRATION LAW
The city councils in two of Arizona's largest cities have voted
to file suit over the state's controversial new immigration law,
which allows police to ask anyone for proof of legal U.S.
residency.

BUSINESS
~~~~~~~~~~~

> GREEK TREMORS CONTINUE TO ROCK MARKETS
The tremors from the Greek debt crisis continue to rock markets
as investors seek succour from evidence that economic recovery
is still on track.

> MERKEL: EUROPE'S FUTURE AT STAKE IN GREEK CRISIS
Europe stands at the crossroads with the economic crisis in
Greece, German Chancellor Angela Merkel said Wednesday.

> STABILITY FEARS AFTER GREEK BAIL-OUT
Emergency moves by the ECB and the international rescue package
have failed to quell investor fears about the future of the euro
zone.

Markets, Wednesday, 05/5/2010

Date: Wed, 5 May 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,868.12 down 58.65 | S & P : 1,165.87 down 7.73 |
| NASDAQ: 2,402.29 down 21.96 | Bond (10Y): 3.55% down 0.063 |
-----------------------------------------------------------------------------
MARKETS:
Stocks mired in sell-off
Stocks extend losses Wednesday on more signs of a deepening crisis in
Europe. Moody's says it may downgrade Portugal's debt.

U.S. stocks shave losses as focus shifts

Date: Wed, 05 May 2010 12:00:57 -0400

U.S. STOCKS SHAVE LOSSES AS FOCUS SHIFTS
U.S. stocks on Wednesday trim losses as investors widen their view to
include corporate results and the domestic recovery, even as Europe's
troubles depressed shares.

THREE REPORTED DEAD AMID VIOLENT GREECE PROTESTS
Greeks walk off the job in a nationwide strike against the
government's austerity measures, as Germany's chancellor makes the
case that Europe's future depends on helping Greece emerge from its
debt crisis.

TRICHET SCRAMBLING TO SAVE ECB CREDIBILITY
Jean-Claude Trichet will be fighting for the credibility of the
European Central Bank as well as the euro on Thursday as he faces
questions over the institution's decision to throw away collateral
rules for Greek debt, economists said.

EURO DROPS TO 13-MONTH LOW ON SOVEREIGN DEBT FEARS
The European single currency falls to the lowest in 13 months against
the dollar, battered by fears sovereign-debt woes in southern Europe
will spread.

Private-sector employers add 32,000 jobs in April, according to payroll-processing firm ADP; 3rd consecutive month of gains.

Date: Wed, 05 May 2010 11:32:46 -0400

Private-sector employers add 32,000 jobs in April, according to
payroll-processing firm ADP; 3rd consecutive month of gains.

Stocks open lower as concerns about Europe's debt crisis outweigh new strength in jobs data. Dow slides 67 points.

Date: Wed, 05 May 2010 09:37:01 -0400

Stocks open lower as concerns about Europe's debt crisis outweigh new
strength in jobs data. Dow slides 67 points.

International Headlines

Date: Tue, 4 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 05 May, 2010

> TIMES SQUARE SUSPECT HAD BOMB TRAINING, DOCUMENTS SAY
U.S. Attorney General Eric Holder says Times Square bomb suspect
Faisal Shahzad has admitted involvement in what is now being
called an attempted terror attack.

> THAI RED SHIRTS 'IN DEAL TO END PROTESTS'
Anti-government protesters who have been blocking off central
Bangkok appear to have reached a deal with the government, their
leaders told demonstrators Tuesday.

> GREEKS STRIKE OVER AUSTERITY MEASURES
Thousands of Greek public sector workers began a 48-hour strike
Tuesday against planned cuts in government spending.

> ACCELERATION WARNING FOR SOME VOLVOS
Volvo has issued a warning about unintended acceleration in
several of its latest models, Volvo Cars corporate spokesman
Per-Ake Froberg told CNN Tuesday.

> SENATOR: 'BP TO PAY FOR SPILL - BALONEY'
Lawmakers will meet with environmental groups Tuesday to gauge
the impact from an explosion aboard a BP oil rig that uncorked a
gusher of oil off the coast of Louisiana.

> BIN LADEN 'AIDE' ARRESTED IN IRAQ
The alleged leader of a militant group responsible for global
"jihadist recruitment" was arrested in Baghdad on Monday, the
U.S. military said.

> IRISH AIRSPACE REOPENS AFTER ASH SCARE
Airspace over Ireland will reopen Tuesday afternoon after ash
from an Icelandic volcano forced a six-hour shutdown, the Irish
Aviation Authority announced.

> REPORT: IRAN ORDERS RUSSIAN PILOTS OUT
Iran's transportation minister says the Islamic republic is
sending home Russian pilots who fly for Iranian airlines,
according to local reports.

BUSINESS
~~~~~~~~~~~

> ARE RATINGS AGENCIES CREDIT WORTHY?
Their decisions on Greece, Spain and Portugal sparked a market
freefall last week and spurred a $145 billion bailout plan. A
powerful U.S. congressman characterizes them as the triggermen
of the 2008 global financial crisis.

> STABILITY FEARS AFTER GREEK BAIL-OUT
Emergency moves by the ECB and the international rescue package
have failed to quell investor fears about the future of the euro
zone.

> WILL CHINESE CONSUMERS 'GO GREEN'?
China recently put 20 companies on a "polluters' blacklist,"
including famous brands Tsingtao, Hitachi, Philips and China's
most popular instant noodle maker, Master Kong.

Markets, Tuesday, 05/4/2010

Date: Tue, 4 May 2010 17:32:06 -0400

|---------------------------------------------------------------------------|
| Dow : 10,926.77 down 225.06 | S & P : 1,173.60 down 28.66 |
| NASDAQ: 2,424.25 down 74.49 | Bond (10Y): 3.61% down 0.092
|---------------------------------------------------------------------------|

MARKETS:
Greece woes rattle world markets
Markets around the world fall as investors turn to safer assets amid
worries about Greece's bailout package.

Stocks end sharply lower on European debt concerns. Dow tumbles 222 points, falling below 11,000. Nasdaq loses 3%, S&P drops 2.4%.

Date: Tue, 4 May 2010 17:08:43 -0400

Stocks end sharply lower on European debt concerns. Dow tumbles 222
points, falling below 11,000. Nasdaq loses 3%, S&P drops 2.4%.

Breaking news: Suspect in custody in N.Y. car bomb attack

Date: Mon, 03 May 2010 22:59:40 -0600

NEW YORK (AP) -- A law enforcement official says a suspect in last
weekend's failed car bomb attack on Times Square has been taken into
custody while trying to leave the country.

The official spoke to The Associated Press early Tuesday on the
condition of anonymity because of the sensitivity of the
investigation.

The suspect has not been named. He is being held in New York.

Fwd: Dow plummets 210 points in morning trading amid growing economic concerns about Europe and China.

Date: Tue, 04 May 2010 13:01:50 -0400

Dow plummets 210 points in morning trading amid growing economic
concerns about Europe and China.

U.S. stocks drop sharply on euro-zone debt fears

Date: Tue, 04 May 2010 12:00:58 -0400

U.S. STOCKS DROP SHARPLY ON EURO-ZONE DEBT FEARS
Wall Street slides as worries over European national debts override
positive quarterly reports from companies including drug giants Pfizer
Inc. and Merck & Co.

TECH STOCKS LEAD MARKET LOWER; NASDAQ DOWN 2.4%
Technology stocks lead the market lower amid worries about the debt
situation in Greece and a report of a potential federal probe into
Apple's licensing requirements for iPhone app developers.

EUROPEAN SHARES TUMBLE AS GREECE WORRIES RETURN
European shares tumbled on Tuesday, with banks sharply lower as
worries about the financial health of Southern European countries
resurfaced, while miners were slammed by a proposed tax hike in
Australia.

EURO HITS FRESH LOW AMID BAILOUT DOUBTS, CONTAGION
The euro slips to a fresh one-year low as currency traders remain
unimpressed by the 110 billion euro ($145 billion) bailout of Greece
finalized over the weekend.

TREASURYS UP AS SOVEREIGN DEBT WORRIES RISE
Treasury prices gain Tuesday, pushing yields down, amid more concerns
that even as Greece gets a bailout, other countries in Europe face
similar financial problems.

International Headlines

Date: Mon, 3 May 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 04 May, 2010

> CLINTON, AHMADINEJAD FACE OFF AT NUCLEAR SUMMIT
U.S. Secretary of State Hillary Clinton accuses Iran of
"flouting the rules" of the Nuclear Non-proliferation Treaty and
calls for "a strong international response."

> SUV IN TIMES SQUARE BOUGHT FOR CASH
Authorities in New York are examining evidence, including 20
seconds of CCTV footage, after a failed car bombing attempt in
Times Square over the weekend.

> BP BOSS: WE'LL PAY FOR GULF SPILL CLEANUP
BP will "absolutely be paying for the cleanup operation" of the
huge oil spill in the Gulf of Mexico as 210,000 gallons of crude
a day continue to pour into the sea.

> GREEKS STRIKE OVER AUSTERITY MEASURES
Greek workers went on strike Monday, marching to parliament to
protest cuts in government spending demanded by international
funders.

> ECB EXTENDS MULTI-BILLION GREEK LIFELINE
Greece has been given an unprecedented lifeline by the European
Central Bank that will boost the attractiveness of its
crisis-hit government bond market.

> TENNESSEE FLOODS LEAVE AT LEAST 15 DEAD
Inspectors will be scoping out damage Monday from the massive
flooding that has gripped the mid-South and is believed to be
responsible for at least 11 deaths in Tennessee, the Nashville
and state emergency management offices said.

> ABBAS WARY OVER TALKS WITH ISRAEL
Palestinian Authority President Mahmoud Abbas says he is ready
for a new round of peace talks with Israel, but he harbors a
jaded view of the exercise.

> FIFA RELENTS IN IRAN HIJAB ROW
World governing body FIFA says it will now allow an Iranian
women's team to take part in the Youth Olympics if the players
wear caps instead of the Islamic headscarf, the hijab.

BUSINESS
~~~~~~~~~~~

> GREECE AGREES CUTS TO SECURE DEBT BAILOUT
Greece has accepted a bailout deal including tough austerity
measures, Finance Minister George Papaconstantinou announces.

> SPILL COULD COST BP $3 BILLION OR MORE
There are a lot of uncertainties right now about the Gulf oil
spill. But one thing is clear: In addition to the intangible
loss of wildlife, it's going to cost BP a lot of money.

> AUSTRALIA PLANS NEW 40% MINE TAX
Australia's centre-left government angered the country's mining
industry on Sunday when it announced plans for a 40 per cent tax
on profits generated by resource companies.

Markets, Monday, 05/3/2010

Date: Mon, 03 May 2010 18:50:21 -0400

|---------------------------------------------------------------------------|
| Dow : 11,151.83 up 143.22 | S & P : 1,202.26 up 15.57
|
| NASDAQ: 2,498.74 up 37.55 | Bond (10Y): 3.70% up 0.042
|---------------------------------------------------------------------------|

MARKETS:
Stocks start May strong
Market gains as investors hail $146 billion aid package for Greece.
Improved auto sales and stronger economic news help too.

Stocks rally on Greek bailout, economic data and strong auto sales. Dow gains 144 points, S&P adds 1.3% and Nasdaq climbs 1.5%.

Date: Mon, 03 May 2010 16:15:24 -0400

Stocks rally on Greek bailout, economic data and strong auto sales.
Dow gains 144 points, S&P adds 1.3% and Nasdaq climbs 1.5%.

Manufacturing index rose in April, purchasing managers' group says, showing broader economic expansion.

Date: Mon, 3 May 2010 10:05:07 -0400

Manufacturing index rose in April, purchasing managers' group says,
showing broader economic expansion.

Stocks open higher on relief over Greek bailout, and the United-Continental merger. Dow jumps 50 points at the open.

Date: Mon, 3 May 2010 09:33:06 -0400

Stocks open higher on relief over Greek bailout, and the
United-Continental merger. Dow jumps 50 points at the open.

Videos: Asian Pacific American Heritage Festival http://qik.com/hantan

Videos: Asian Pacific American Heritage Festival  

Click or go to http://qik.com/hantan

International Headlines

Date: Sun, May 2, 2010 at 8:02 PM
TOP STORIES as of 0800 HKT -- 03 May, 2010

> NYPD RELEASES PICTURE OF A CLOCK USED IN CAR BOMB
The New York City police commissioner has released a picture of
a clock used as part of the device in the attempted Times Square
car bombing.

> DIRE WARNINGS AS OIL SLICK NEARS COAST
President Obama is expected to visit the area of an oil spill
near the Louisiana coast Sunday, as Gulf Coast residents brace
for the arrival of a massive oil slick creeping toward shore.

> GREECE AGREES TO $146 BILLION BAILOUT
Greek Prime Minister George Papandreou tried to rally his
country Sunday after a day of protests against plans to tighten
government spending to prevent economic collapse.

> POPE'S ENVOY TO RUN DISCREDITED ORDER
Pope Benedict XVI will appoint a special envoy to run a Mexican
Catholic order whose founder abused minor-age seminarians and
fathered three children with two women, the Vatican said
Saturday.

> IRAN'S AHMADINEJAD HEADS FOR U.S.
Iranian President Mahmoud Ahmadinejad left Sunday for the United
States to take part in a conference on nuclear nonproliferation,
a Foreign Ministry spokesman told state television.

> ISRAEL-PALESTINIANS TALKS COULD RESTART
Israeli Prime Minister Benjamin Netanyahu over the weekend
welcomed the Arab League's endorsement of peace talks with the
Palestinians.

> TENNESSEE FLOODS KILL 5; RAIN FORECAST
Tennessee can expect two to three more inches of rain Sunday, a
day after a heavy downpour triggered severe flooding and killed
at least five people.

> WORKERS HIT STREETS ON MAY DAY IN CUBA
Thousands packed Havana's Revolution Square on Saturday for
International Workers' Day, drawing hordes of Cuban
demonstrators, spectators, and trade unionists from around the
world -- including the United States and the United Kingdom.


BUSINESS
~~~~~~~~~~~

> DIRE WARNINGS ISSUED FOR U.S. GULF COAST
Even before reaching land, the oil slick has already taken a
dramatic toll on life all along the U.S. Gulf Coast, bringing
fishing and tourism to a halt in many places and threatening to
cripple those industries for weeks to come.

> SPAIN UNEMPLOYMENT TOPS 20 PERCENT
Unemployment in Spain has reached 20.05 percent, meaning 4.6
million people are out of work, the Spanish government announced
Friday.

> BARCLAYS Q1 PROFITS SOAR TO $2.7B
Barclays played down its exposure to the debt crisis spreading
across Europe on Friday as it reported a 47 per cent rise in
pre-tax profits for the first three months of the year.