International Headlines

Date: Sat, 12 Jun 2010 20:02:05 -0400
>TOP STORIES as of 0800 HKT -- 13 June, 2010

> CLASHES ERUPT IN IRAN ON ELECTION ANNIVERSARY
Clashes erupt in Tehran between security forces and crowds of
people gathering at the key sites to mark the first anniversary
of Iran's contested presidential election.

> 7.3 QUAKE STRIKES OFF INDIA COAST
A 7.5-magnitude earthquake struck off the coast of India early
Sunday, according to the U.S. Geological Survey. A local tsunami
watch has been issued for India, the Pacific Tsunami Warning
Center said.

> GLOBAL PROTESTS OVER BP OIL DISASTER
Environmentalists plan to stage a worldwide protest against BP
on Saturday as the petroleum giant takes hits from politicians
and Gulf residents.

> DOZENS KILLED IN KYRGYZ ETHNIC VIOLENCE
Kyrgyzstan's interim government on Saturday worked to quell an
upsurge of ethnic violence that killed 65 people and injured
more than 500 others.

> WINNING START FOR MARADONA'S ARGENTINA
Argentina's star-studded line-up began their World Cup campaign
with a 1-0 victory over Nigeria in their Group B opener in
Johannesburg.

> SOUTH KOREA BEAT GREECE AT WORLD CUP
Goals from Lee Jung-Soo and Park Ji-Sung earned South Korea a
comfortable win against Greece in the opening match of Group B
played in Port Elizabeth.

> HAMILTON SECURES POLE AT CANADIAN GP
Lewis Hamilton produced a scintillating drive to secure pole
position for Sunday's Canadian Grand Prix in Montreal -- the
first of the season for the 2008 world champion and his McLaren
team.

> RESCUE TEAMS REACH STRANDED SAILOR
Rescue teams are expected to reach a remote area in the Indian
Ocean on Saturday to fetch a stranded 16-year-old California
sailor girl who lost contact as she tried to circumnavigate the
globe in her yacht.

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

> IS THERE A WORLD CUP ECONOMIC BOUNCE?
Does hosting the World Cup lead to long-term economic gains?
Depends where you look.

> UK MEDIA ATTACK OBAMA FOR BP COMMENTS
British media have leapt to the defense of beleaguered BP
following attacks by the White House over its handling of the
Gulf Coast disaster.

> CHINA EXPORT SURGE STIRS U.S. ANGER
A surge in Chinese exports and rising anger in the US Congress
will put renewed pressure on China to allow its currency to rise
against the US dollar.

International Headlines

Date: Fri, 11 Jun 2010 20:02:07 -0400
>TOP STORIES as of 0800 HKT -- 12 June, 2010

> SOUTH AFRICA HELD AS WORLD CUP PARTY KICKS OFF
South Africa's Siphiwe Tshabalala scores the first goal of the
2010 World Cup, as the hosts are held to a 1-1 draw by Mexico in
the opening match of the tournament.

> ISRAEL TO OK INTERNATIONAL ROLE IN PROBE
Israeli officials said Friday they will accept international
participation in their investigation into the deadly boarding of
the Turkish flotilla ship destined for Gaza.

> THIRD HEADLESS BODY FOUND IN GUATEMALA
Authorities found a headless body in Guatemala on Friday, one
day after the discovery of four severed heads and two
decapitated corpses in different parts of the nation's capital,
officials said.

> BRITAIN'S CAMERON, OBAMA TO DISCUSS BP
British Prime Minister David Cameron will discuss BP when he
speaks by phone with U.S. President Barack Obama this weekend,
Cameron's office at Downing Street said Friday.

> OBAMA ATTACKED OVER BP COMMENTS
British media have leapt to the defense of beleaguered BP
following attacks by the White House over its handling of the
Gulf Coast disaster.

> $140M BILL SO FAR FOR OIL CLEANUP
A delegation of U.S. senators head to the heart of coastal
Louisiana Friday to assess the damage caused by the nearly
two-month-long BP oil disaster.

> VAN DER SLOOT CHARGED IN PERU MURDER
Joran van der Sloot told investigators during an interrogation
that he knows the location of Natalee Holloway's body, but he
would neither identify the location nor say what happened to her
the night of her disappearance, a Peruvian police official said.

> POPE ADDRESSES PRIEST ABUSE SCANDAL
Pope Benedict XVI said Friday the church must promise "to do
everything possible" to ensure that the sexual abuse of children
by Catholic priests "will never occur again."

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

> IS THERE A WORLD CUP ECONOMIC BOUNCE?
Does hosting the World Cup lead to long-term economic gains?
Depends where you look.

> CHINA EXPORT SURGE STIRS U.S. ANGER
A surge in Chinese exports and rising anger in the US Congress
will put renewed pressure on China to allow its currency to rise
against the US dollar.

> UK PM STEPS INTO FRAY TO DEFEND BP
David Cameron, the British prime minister, has leapt to BP's
defence, emphasising the "economic value" the oil company brings
to the UK and US, in a clear signal of British concerns over the
rhetoric about the Gulf of Mexico oil spill.

Markets, Friday, 06/11/2010

Date: Fri, 11 Jun 2010 17:31:06 -0400

|---------------------------------------------------------------------------|
| Dow : 10,118.49 down 54.04 | S & P : 1,081.29 down 5.55 |
| NASDAQ: 2,218.94 up 0.23 | Bond (10Y): 3.24% down 0.075
|---------------------------------------------------------------------------|

MARKETS:
Dow posts 1st weekly gain in a month
Stocks turn up in final hour of trade, erasing deep earlier losses as
investors focus on rising consumer confidence.

Stocks push higher in final minutes of trading. Dow climbs 39 points, while Nasdaq closes up 1%, and the S&P gains 0.4%.

Date: Fri, 11 Jun 2010 16:02:04 -0400

Stocks push higher in final minutes of trading. Dow climbs 39 points,
while Nasdaq closes up 1%, and the S&P gains 0.4%.

Stocks pare loss, aided by health care sector

Date: Fri, 11 Jun 2010 12:00:52 -0400

STOCKS PARE LOSS, AIDED BY HEALTH CARE SECCTOR
U.S. stocks fall Friday morning as the first drop in retail sales
since September rattled investors, prompting questions about the
economic recovery to resurface.

U.S. RETAIL SALES FALL FOR FIRST TIME SINCE SEPT.
U.S. retail sales decline for the first time in eight months in May,
tumbling a surprising 1.2%, the Commerce Department estimated Friday.

RETAIL STOCKS FALL AFTER DISAPPOINTING MAY SALES
Retail stocks fall after May retail sales decline unexpectedly for the
first time in eight months, raising worries about the resiliency of
consumer spending.

CONSUMER SENTIMENT RISES IN JUNE
U.S. consumer sentiment rises in early June, hitting the highest level
since January 2008.

Breaking news: Searchers contact teen lost at sea

Date: Fri, 11 Jun 2010 00:54:37 -0600

A family spokesman says searchers have contacted Abby Sunderland, the
16-year-old Southern California girl trying to become the youngest
person to sail alone around the world who was feared lost at sea, and
she is alive and well.

May retail sales tumble 1.2%, government says, disappointing economists.

Date: Fri, 11 Jun 2010 08:37:05 -0400

May retail sales tumble 1.2%, government says, disappointing economists.

Stocks open lower after the government reports dismal retail sales for May. Dow sinks 83 points. Nasdaq drops nearly 1%.

Date: Fri, 11 Jun 2010 09:34:04 -0400

Stocks open lower after the government reports dismal retail sales for
May. Dow sinks 83 points. Nasdaq drops nearly 1%.

International Headlines

Date: Thu, 10 Jun 2010 20:02:03 -0400
>TOP STORIES as of 0800 HKT -- 11 June, 2010

> TEEN GOES MISSING ON ROUND-WORLD SOLO SAIL
A 16-year-old California girl who is attempting to sail solo
around the world triggered a distress signal during rough seas
in the Indian Ocean, her family said.

> OIL LEAK WAS 'GREATER THAN ESTIMATED'
President Obama met at the White House on Thursday with the
families of the 11 workers killed in the BP oil rig explosion.

> U.S. GENERAL: AFGHAN LOSSES TO RISE
The fight against the Taliban in southern Afghanistan will take
longer than planned and casualties are expected to rise this
summer, the U.S. commander says.

> VAN DER SLOOT: TOSS MY CONFESSION
Peru murder suspect Joran van der Sloot, a longtime suspect in
the disappearance of an American teen in Aruba, was transferred
from a police facility to the national attorney general's office
Thursday morning, according to images broadcast by CNN affiliate
America TV.

> CONGO SENTENCES NORWEGIANS TO DEATH
Two Norwegians are sentenced to death in Congo after what a
human rights group calls a "military show trial" which relied on
evidence gained through torture.

> BODIES, SEVERED HEADS IN GUATEMALA
Three human heads and three decapitated bodies with notes aimed
at two high government officials were found Thursday morning in
different parts of Guatemala's capital, national police said.

> IRANIAN OPPOSITION CANCEL PROTESTS
Fearing for people's safety, Iranian opposition leaders canceled
a demonstration planned for the first anniversary of the
disputed presidential election, according to a statement posted
on Facebook Thursday.

> 7 JAILED OVER SREBRENICA MASSACRE
Seven former high-ranking Bosnian Serb officials are jailed for
war crimes over the slaughter of 7,000 Muslims in the 1995
Srebrenica massacre.

BUSINESS
~~~~~~~~~~~
> BP SHARES SLIDE AFTER NY SELL-OFF
Shares in BP continued to slide in London trading on Thursday on
growing concern about the impact of the Gulf of Mexico oil spill
on the company's health.

> CHINA: THE NEW SILICON VALLEY?
Those living in the sunny innovation capital of the world better
up their game or they will be left in Chinese tech dust. At
least, that's the talk in Beijing.

> UK BLOGGER UNLIKELY ECONOMIC SAGE
A blogger who left Britain 20 years ago for rural bliss in Spain
has become an unlikely economic sage whose advice has been
sought by the International Monetary Fund.

Markets, Thursday, 06/10/2010

Date: Thu, 10 Jun 2010 17:31:03 -0400

|---------------------------------------------------------------------------|
| Dow : 10,172.53 up 273.28 | S & P : 1,086.84 up 31.15
|
| NASDAQ: 2,218.71 up 59.86 | Bond (10Y): 3.32% up 0.132
|---------------------------------------------------------------------------|

MARKETS:
Big boost for stocks - Dow gains 273
Stock rally fueled by strength in euro holds up throughout session.
Dow finishes above 10,000 for the first time in over a week.

Stocks soar as global economic tensions ease. Dow ends 272 points higher; S&P, Nasdaq each gain nearly 3%.

Date: Thu, 10 Jun 2010 16:02:03 -0400

Stocks soar as global economic tensions ease. Dow ends 272 points
higher; S&P, Nasdaq each gain nearly 3%.

U.S. stocks rally as euro gathers strength

Date: Thu, 10 Jun 2010 12:00:54 -0400

U.S. STOCKS RALLY AS EURO GATHERS STRENGTH
U.S. stocks surge Thursday after U.S. jobs data brightened modestly,
adding to optimism over the prospects for economic growth in Europe
and China.

TRICHET SAYS ECB BOND BUYS TO CONTINUE
The European Central Bank will continue to purchase euro-zone
government bonds and will hold off on withdrawing crucial short-term
liquidity from the financial system due to ongoing tensions in the
money markets, European Central Bank President Jean-Claude Trichet
said Thursday.

GERMAN COURT WON'T IMMEDIATELY BLOCK EURO AID PLAN
Germany's highest court has refused to immediately block the
government from contributing to the 750 billion euro standby rescue
plan designed to prevent debt-strapped euro-zone countries from
defaulting in the future, news reports said Thursday.

STRONG BOND AUCTIONS CALM EURO-ZONE JITTERS
Strong demand at Italian and Spanish government debt auctions on
Thursday provided some relief to jittery financial markets,
strategists said.

EURO PASSES $1.21; TRICHET SAYS NO POLICY CHANGE
The dollar drops as European Central Bank chief Jean-Claude Trichet's
remarks cause traders to reverse bets on the euro declining.

Number of people filing for first-time jobless benefits falls by 3,000 to 456,000, government says.

Date: Thu, 10 Jun 2010 08:33:03 -0400

Number of people filing for first-time jobless benefits falls by 3,000
to 456,000, government says.

U.S. stocks surge at the open; up as much as 180 points, Dow recaptures 10,000 mark

Date: Thu, 10 Jun 2010 09:41:43 -0400

U.S. stocks surge at the open; up as much as 180 points, Dow
recaptures 10,000 mark
06/10/2010 09:39:32 AM EDT

China's May exports rise 48.5% year-on-year, boosting trade surplus to $19.5 billion

Date: Wed, 09 Jun 2010 22:27:49 -0400

China's May exports rise 48.5% year-on-year, boosting trade surplus to
$19.5 billion
06/09/2010 10:26:01 PM EDT

International Headlines

Date: Wed, 9 Jun 2010 20:02:03 -0400
>TOP STORIES as of 0800 HKT -- 10 June, 2010

> 39 KILLED IN BOMB BLAST AT WEDDING IN AFGHANISTAN
A bombing at a wedding ceremony Wednesday in Afghanistan's
Kandahar province killed 39 people and wounded 73 others,
officials in the village of Nagaan said.

> U.N. VOTES TO IMPOSE NEW IRAN SANCTIONS
The United Nations Security Council votes to impose new
sanctions on Iran in a fresh effort to force the Islamic
Republic to suspend its controversial nuclear program.

> FAR-RIGHT PARTY GAINS IN DUTCH ELECTION
Dutch voters were going to the polls Wednesday in a
parliamentary election that has been dominated by concerns over
immigration and the economy.

> VAN DER SLOOT RE-ENACTMENT NOT CERTAIN
Joran Van der Sloot, the suspect in the disappearance of Alabama
teen Natalee Holloway, could be charged Wednesday in the death
of a Peruvian woman.

> OFFICIAL: VAN DER SLOOT GOT $25K IN STING
The FBI paid Joran van der Sloot $25,000 in an undercover
investigation of a plot to extort money from Natalee Holloway's
mother, a federal law enforcement official said.

> BP GIVE DEADLINE ON OIL COLLECTION PLANS
Capitol Hill will be awash in oil disaster hearings Wednesday as
the House and Senate tackle issues ranging from safety and
cleanup to liability.

> INIESTA MAY MISS SPAIN OPENER
Andres Iniesta could miss Spain's opening game at the World Cup
after suffering a thigh injury in a warm-up match.

BUSINESS
~~~~~~~~~~~
> CHINESE LABOR UNREST SPREADS
Chinese labour protests that have forced shutdowns at foreign
factories have spread beyond south China's industrial heartland,
posing a dangerous new challenge for Beijing.

> MERKEL, SARKOZY PUSH FOR MARKET REFORM
German Chancellor Angela Merkel and French President Nicolas
Sarkozy are proposing a Europe-wide prohibition of the
controversial practice of "naked" short selling as a way to calm
the markets, according to a joint letter addressed to the head
of the European Commission.

> GOODBYE, CHINA 'FACTORY TOWN'
The head of Foxconn announced fundamental changes to the way it
relates to its workers by abandoning the model of running big
"factory towns" that has long underpinned Taiwanese and Hong
Kong investment into China.

Markets, Wednesday, 06/9/2010

Date: Wed, 9 Jun 2010 17:31:04 -0400
|
|---------------------------------------------------------------------------|
| Dow : 9,899.25 down 40.73 | S & P : 1,055.69 down 6.31
|
| NASDAQ: 2,158.85 down 11.72| Bond (10Y): 3.19% up 0.019
|---------------------------------------------------------------------------|

MARKETS:
Stocks slump as energy shares tumble
Markets finish lower as investors focus on BP, and sell off energy stocks.

Stocks end lower after early rally fizzles. Dow closes down 40 points, S&P and Nasdaq each dip 0.5%.

Date: Wed, 9 Jun 2010 16:04:04 -0400

Stocks end lower after early rally fizzles. Dow closes down 40 points,
S&P and Nasdaq each dip 0.5%.

Recovery can survive coming fiscal drag: Bernanke

Date: Wed, 09 Jun 2010 12:00:56 -0400

RECOVERY CAN SURVIVE COMING FISCAL DRAG: BERNANKE
The U.S. economy is strong enough to withstand any fiscal tightening
that lies ahead, Federal Reserve Board Chairman Ben Bernanke tells a
congressional committee.

IRELAND'S EXAMPLE NO GUARANTEE OF SAFETY
Though it's touted as the model for fiscal reforms in Europe,
Ireland's efforts to restrain spending are no guarantee of economic
recovery, economists say.

EUROPEAN DELEGATION REVEALS RIFT ON VOLCKER RULE
There appears to be a split over whether each country would support
implementing a legislative proposal that would bar big banks from
making speculative proprietary derivatives and stock investments for
their own accounts.

MERKEL, SARKOZY PRESS EU SHORT SELLING BAN
German Chancellor Angela Merkel and French President Nicolas Sarkozy
call on European officials to consider a ban on certain types of short
sales ahead of a July meeting of European Union finance ministers.

U.S. STOCKS STRONGLY UP AS BERNANKE REASSURES
U.S. stocks are on the climb, playing off statements by Federal
Reserve Chairman Ben Bernanke that help generate investor optimism, as
the Dow industrials reclaim the 10,000 mark.

Former H-P chief Carly Fiorina wins California's Republican Senate primary

Date: Wed, 09 Jun 2010 00:17:20 -0400

Former H-P chief Carly Fiorina wins California's Republican Senate primary
06/09/2010 12:12:20 AM EDT

Bernanke: Economy to grow over next two years but policymakers need to come up with plan to reduce deficits.

Date: Wed, 9 Jun 2010 10:17:03 -0400

Bernanke: Economy to grow over next two years but policymakers need to
come up with plan to reduce deficits.

Stocks open higher as markets build on previous day's gains. Dow rises 31 points. Nasdaq up nearly 1%.

Date: Wed, 9 Jun 2010 09:33:03 -0400

Stocks open higher as markets build on previous day's gains. Dow rises
31 points. Nasdaq up nearly 1%.

International Headlines

Date: Tue, 8 Jun 2010 20:02:06 -0400
>TOP STORIES as of 0800 HKT -- 09 June, 2010

> U.N. SECURITY COUNCIL TO VOTE ON TOUGHER IRAN SANCTIONS
Diplomats hoping to slap tougher sanctions on Iran because of
its nuclear program will vote on a new United Nations draft
resolution on Wednesday.

> RIG SURVIVORS: BP ORDERED SHORTCUT
Workers aboard the Deepwater Horizon oil rig describe a
corporate culture of cutting staff and ignoring warning signs
ahead of the blast that sent oil gushing into the Gulf.

> COPS: SOLDIERS STOLE FROM CRASH SITE
Four Russian soldiers are charged with using credit cards
belonging to an official who died alongside Poland's president
in a plane crash in Russia in April, authorities say.

> VAN DER SLOOT CONFESSED, OFFICIALS SAY
Peru authorities say Joran van der Sloot, twice arrested over
the disappearance of U.S. teen Natalee Holloway, has confessed
to the murder of Stephany Flores Ramirez.

> DUTCH CONCERN OVER 'SHOW TRIAL'
Dutch media expressed concern Tuesday about the prospects of
Joran van der Sloot getting a fair trial following his arrest in
Peru over the death of a 21-year-old woman.

> SPILL PROMPTS TOUGHER UK RIG CHECKS
Britain will step up its inspection of North Sea drilling rigs
following the massive oil spill in the Gulf of Mexico, the
government announced Tuesday.

> AHMADINEJAD SLAMS 'DEVILISH' ISRAEL
Iranian President Mahmoud Ahmadinejad says Israel's raid on an
aid flotilla revealed that country's "devilish" nature and
congratulates Turkey for its response.

> CHRIS BROWN BARRED FROM BRITAIN
British officials, worried that Chris Brown may pose a danger to
its citizens, barred the singer from entering the United Kingdom
for concerts this week, a UK border official said.

BUSINESS
~~~~~~~~~~~
> TRADER ON TRIAL OVER ALLEGED $6B FRAUD
The French trader accused of a multi-billion-dollar fraud at
banking giant Societe Generale will go on trial Tuesday.

> SPANISH STRIKE OVER AUSTERITY MEASURES
Spain's civil servants are expected to go on strike Tuesday to
protest the government's decision to cut their pay 5 percent
this year and freeze it next year as part of an austerity plan
to reduce the country's deficit.

> TECHNICAL ISSUES HIT IPHONE UNVEILING
Just after Apple CEO Steve Jobs debuted the next version of his
company's iPhone to the world, the tech luminary had a bit of
technical trouble.

Markets, Tuesday, 06/8/2010

Date: Tue, 8 Jun 2010 17:31:03 -0400

|---------------------------------------------------------------------------|
| Dow : 9,939.98 up 123.49 | S & P : 1,062.00 up 11.53
|
| NASDAQ: 2,170.57 down 3.33 Bond (10Y): 3.17% down 0.016
|---------------------------------------------------------------------------|

MARKETS:
Dow in triple-digit comeback
Blue chips manage a late-day turnaround and Nasdaq erases most of the
day's losses as investors pull the market out of the day's doldrums.

Stocks stage a late day rally. Dow ends 120 points higher, ...

Date: Tue, 8 Jun 2010 16:02:03 -0400

Stocks stage a late day rally. Dow ends 120 points higher, S&P gains
1% and Nasdaq is flat.

Gold finishes at record high of $1,245 an ounce

Date: Tue, 08 Jun 2010 14:33:31 -0400

Gold finishes at record high of $1,245 an ounce
06/08/2010 02:31:33 PM EDT

Gold trades at record prices on recession worries

Date: Tue, 08 Jun 2010 12:00:56 -0400

GOLD TRADES AT RECORD PRICES ON RECESSION WORRIES
Gold futures probe record territory, pushing toward $1,250 an ounce.

STRIKES IN SPAIN, PROTESTING CUTS, GET UNDERWAY
A 24-hour strike called by Spain's biggest trade unions got underway
on Tuesday.

FITCH WARNS OF 'FORMIDABLE' U.K. FISCAL CHALLENGE
Britain faces a "formidable" challenge in putting its public finances
in order, Fitch Ratings said Tuesday, urging the country's new
government to speed up deficit cuts.

BERNANKE, EUROPEAN AID PLAY TUG OF WAR ON DOLLAR
The euro regains some lost ground against the U.S. dollar Tuesday, but
analysts warn of the potential for further weakness.

EUROPE DECLINES AS INVESTORS REFOCUS ON DEBT
European shares declined on Tuesday, pulling back from early gains,
with banks under pressure and Tesco and Munich Re trading with losses.

Energy stocks fall as BP, Transocean drop

Date: 8 JUN 2010 14:05:46 GMT

Energy stocks quickly surrender early gains, as shares of Gulf of
Mexico spill stocks BP and Transocean weigh on the sector.

U.S. stocks make early gains as traders eye gold futures pushing toward record highs

Date: Tue, 08 Jun 2010 09:38:54 -0400

U.S. stocks make early gains as traders eye gold futures pushing
toward record highs
06/08/2010 09:36:52 AM EDT

Stocks bounce off 7-month lows at the open but worries about Europe keep investors cautious. Dow edges up 8 points.

Date: Tue, 8 Jun 2010 09:33:03 -0400

Stocks bounce off 7-month lows at the open but worries about Europe
keep investors cautious. Dow edges up 8 points.

International Headlines

Date: Mon, 7 Jun 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 08 June, 2010

> OIL DISASTER CLEANUP 'TO TAKE YEARS'
Oil from the BP drilling disaster is now impacting about 120
miles of coastline and it may take years to clean up, Coast
Guard Adm. Thad Allen said today.

> GAS PIPELINE ERUPTS IN EAST TEXAS
An underground natural gas pipeline exploded into flames in
Johnson County, Texas, injuring at least five people before
officials ended the flow of gas, officials said.

> IRAN RED CRESCENT TO SEND AID TO GAZA
Iran's Red Crescent Society will try to break the Israeli
blockade of Gaza by sending food and medical supplies "in the
next few days," Iran's foreign ministry says.

> U.S. SEES IRAN SANCTIONS VOTE THIS WEEK
The United States expects to bring a new resolution on increased
sanctions against Iran over its nuclear program to a vote in the
United Nations Security Council this week, and a U.S. official
is warning that two key allies who do not support the resolution
will "have to explain their vote."

> DETAILS REVEALED IN VAN DER SLOOT CASE
A Peruvian police report leaked Monday says the alleged victim
of Joran van der Sloot was found in his hotel room on the floor,
half-dressed. The report provides new details about the hours
before Stephany Flores' body was found.

> NORTH KOREA NAMES NEW PREMIER
North Korea named Choe Yong Rim as its new premier Monday,
replacing Kim Yong Il at a session of the Supreme People's
Assembly, the state-run Korean Central News Agency reported.

> COLOMBIAN REBELS SHOW HOSTAGE VIDEOS
Colombian TV stations aired proof-of-life videos Monday of five
hostages being held by Marxist guerrillas.

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

> CAMERON: CUTS WILL AFFECT EVERYONE
David Cameron warns public sector pay, pensions and state
benefits will face a squeeze as he prepares Britain for the
"enormous implications" of dealing with its $225 billion
deficit.

> GUILTY VERDICT IN 1984 BHOPAL DISASTER
A court ruled executives of the now defunct Union Carbide's
Indian subsidiary are guilty for their role in the 1984
industrial disaster that killed thousands in Bhopal, India

> CHINA PLANTS FACE LABOR UPHEAVAL
Zhang Xinquan has to learn how to do business again. As a top
manager in a major leather and shoe business, he built his
career turning profits in booming China. But these profits are
now getting harder to come by.

Markets, Monday, 06/7/2010

Date: Mon, 7 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,816.49 down 115.48 | S & P : 1,050.47 down 14.41 |
| NASDAQ: 2,173.90 down 45.27 | Bond (10Y): 3.18% down 0.011
|---------------------------------------------------------------------------|

MARKETS:
Economic rebounds, unicorns and other myths
The latest jobs report is further proof that the economy may bounce
around the bottom for some time. But don't mistake slow growth with a
double-dip recession.

Dow ends down 115, at a 7-month low amid ongoing economic weakness. S&P hits a 7-month low also; Nasdaq loses 2%.

Date: Mon, 7 Jun 2010 16:06:04 -0400

Dow ends down 115, at a 7-month low amid ongoing economic weakness.
S&P hits a 7-month low also; Nasdaq loses 2%.

Breaking News Mon., June 7, 2010

Date: Mon, 07 Jun 2010 09:35:36 -0700 (PDT)

Long-Time White House Correspondent Helen Thomas Retires in Wake of
Controversial Comments About Israel [12:24 p.m. ET]

U.S. stocks waver in tracking currency moves

Date: Mon, 07 Jun 2010 12:01:31 -0400

U.S STOCKS WAVER IN TRACKING CURRENCY MOVES
U.S. stocks and commodities wobble as investors track moves in the
currency market, with Europe's common currency trimming losses after
German factory orders unexpectedly gained.

COULD APPLE STILL HAVE IPHONE SURPRISE UP SLEEVE?
Apple is expected to lift the wraps on a new iPhone next week,
updating a product line that has become the company's biggest and most
lucrative business. But catching fans off-guard will be hard this time
around.

DOLLAR MOVES UP VS EURO AS STOCKS DECLINE
The U.S. dollar flirted with positive territory as weakness in stocks
weighed on the euro.

GOLD PRICES SHARPLY HIGHER DESPITE DOLLAR GAINS
Gold prices rally on Monday, reversing their earlier path as concerns
about the health of the world economy remain.

Stocks open modestly higher as investors take a step back from recent selloff. Dow rises 24 points, Nasdaq, S&P 500 edge up.

Date: Mon, 7 Jun 2010 09:33:04 -0400

Stocks open modestly higher as investors take a step back from recent
selloff. Dow rises 24 points, Nasdaq, S&P 500 edge up.

International Headlines

Date: Sun, 6 Jun 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 07 June, 2010

> U.S. COAST GUARD: TOO EARLY TO BE 'PLEASED' WITH BP PROGRESS
Washington's response manager to the Gulf oil disaster says BP
has made progress, but cautioned it was too early to call the
effort a success.

> ISRAEL DEPORTS GAZA AID SHIP ACTIVISTS
The first of the 19 passengers and crew of the Rachel Corrie,
seized while transporting aid to Gaza, are deported from Israel.

> TURKEY: ISRAEL CAN'T 'FACE FACTS' ON RAID
Israel's resistance to an independent, international
investigation into its deadly raid on a Gaza-bound aid ship is
"another proof of their guilt," Turkey's foreign minister said
Sunday.

> MEN HELD AT JFK PLANNED 'VIOLENT JIHAD'
Authorities have arrested two men at New York's John F. Kennedy
International Airport as part of an ongoing investigation, the
FBI and New York police said early Sunday morning.

> VAN DER SLOOT'S PERU JAIL STAY EXTENDED
A judge has extended the investigation into murder suspect Joran
van der Sloot, accused of killing a Peruvian woman, for another
week, a spokeswoman for Peru's Interior Ministry said Sunday.

> POPE STARTS MIDDLE EAST BISHOPS GROUP
Pope Benedict XVI launched a "special assembly" of bishops
focused on the Middle East on Sunday, during a visit to the
divided island of Cyprus.

> AFRICAN UNION SNUBS SUDANESE LEADER
Sudanese President Omar al-Bashir has not been invited to attend
the African Union Conference in Uganda next month as he faces
charges for alleged war crimes in Sudan's restive Darfur region,
Ugandan officials said Sunday.

> DEADLY WEATHER SLAMS U.S. MIDWEST
Five people were killed in Ohio as severe thunderstorms and
tornadoes raked the Midwest Saturday and early today,
authorities said.

BUSINESS
~~~~~~~~~~~
> G-20 DROPS SUPPORT FOR FISCAL STIMULUS
Finance ministers from the world's leading economies rip up
their support for fiscal stimulus, recognizing that financial
market concerns over sovereign debt have forced a much greater
focus on deficit reduction.

> HUNGARY'S ECONOMY IN 'GRAVE SITUATION'
Hungary's currency fell to a one-year low against the euro on
Friday after a senior official warned for the second time in two
days about the weakness of its economy and public finances.

> MICROSOFT CHIEF DEFENDS WINDOWS' FUTURE
Steve Ballmer, chief executive of Microsoft, on Thursday gave a
spirited defence of the software company's strategy following
comments from Steve Jobs that personal computers are in
permanent decline.

Oil to remain in Gulf until fall: Coast Guard

Date: 6 JUN 2010 15:37:55 GMT

U.S. official heading government's response to blown-out BP well says
oil will be in the water "for months to come."