International Headlines

Date: Sat, 26 Jun 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 27 June, 2010

> GHANA'S EXTRA-TIME WIN ENDS U.S. WORLD CUP DREAM
The United States crashed out of the World Cup on Saturday night
as Ghana became just the third African team to ever reach the
quarterfinals with a 2-1 extra-time victory.

> KARZAI BACKS NEW U.S. COMMANDER
The Afghan president backs the selection of Gen. Petraeus as
NATO commander there, saying he's an "expert commander" with
knowledge of his war-torn nation.

> U.N.: IRAQ MUST PASS TORTURE CONVENTION
The United Nations on Saturday urged Iraq to ratify the
organization's convention against torture "in the nearest
future."

> TROPICAL STORM ADDS TO OIL SLICK WOES
The disaster thousands of feet deep in the Gulf of Mexico may be
exacerbated by a different type of calamity in the coming week
-- a tropical storm -- that could push the oil farther along
Florida's pristine Panhandle beaches.

> REPORT: N. KOREA TO ELECT NEW LEADERS
North Korea's ruling party plans to hold a meeting with its
representatives in September, state media said Saturday.

> JACKSON'S DAD FILES WRONGFUL DEATH SUIT
Michael Jackson's father filed a wrongful death lawsuit in
federal court against Dr. Conrad Murray, the anniversary of the
pop star's death, Joe Jackson's lawyer said.

> 2010 CHINA FLOODS DEATH TOLL HITS 377
Workers were trying to shore up two dikes on an eastern China
river Friday as the area dealt with continued deadly flooding,
state-run media news media reported

> 23 KILLED AS BUS COLLIDES WITH TRUCK
At least 23 passengers were killed when a bus carrying them
slammed head-on into a truck in eastern India Saturday, officers
said.

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

> G-20 BATTLELINE: STIMULUS V. AUSTERITY
As world leaders prepare to meet in Toronto for the G-20 summit,
disagreements are brewing over how the global economy's fragile
recovery should best be steered.

> DEFENSE CONCLUDES FRENCH 'ROGUE TRADER' CASE
Defense lawyers wrapped up their case Friday for French trader
Jerome Kerviel, who is on trial for allegedly betting 50 billion
euros (US $61 billion) of a French bank's money without its
knowledge.

> US BANKS AND FUNDS TO FACE $19B LEVY
Banks will be forced to spin off their swaps desks, but US
lawmakers also made concessions to Wall Street as they finalized
sweeping financial reform in the early hours of Friday morning.

Markets, Friday, 06/25/2010

Date: Fri, 25 Jun 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,143.81 down 8.99 | S & P : 1,076.76 up 3.07 |
| NASDAQ: 2,223.48 up 6.06 | Bond (10Y): 3.11% down 0.010
|---------------------------------------------------------------------------|

MARKETS:
Mixed day, down week
Financial shares rise on Wall Street reform bill, but the broader
market struggles.

Stocks end mixed, with the Nasdaq and S&P in positive territory, while the Dow inches lower.

Date: Fri, 25 Jun 2010 16:04:04 -0400

Stocks end mixed, with the Nasdaq and S&P in positive territory, while
the Dow inches lower

U.S. bank regulatory overhaul OK'd by negotiators

Date: Fri, 25 Jun 2010 12:00:54 -0400

U.S. BANK REGULATORY OVERHAUL OK'd BY NEGOTIATOR
House and Senate conferees agree on the most significant increase in
the regulation of U.S. banks since the Great Depression.

FINANCIALS RISE AFTER LAWMAKERS' DEAL
Shares of the leading financial companies rise in early activity after
lawmakers reach a deal for new legislation of the sector.

WALL STREET WILL COMPLAIN, BUT IT GOT OFF LIGHT
Washington's plan for Wall Street will disappoint the financial
industry, but its grieving should be short lived.

BANK OF ENGLAND CALLS FOR GRADUAL CAPITAL CHANGE
The Bank of England says measures to strengthen banks' capital levels
need to be phased in over a number of years. See full story.
http://www.marketwatch.com/News/Story/Story.aspx?guid=cfcf19867ecc456589a134cab38e359d&siteid=nwtam

U.S. STOCKS LOWER WITH BANK BILL, GDP IN FOCUS
U.S. stocks waver, as financials rose after Congress hammer out a deal
on a landmark financial-overhaul bill, but a downward revision to the
first-quarter gross domestic product spurs worries over the pace of
the economic recovery.

The economy grew at a 2.7% annual rate in the first quarter, lower than what the government initially estimated.

Date: Fri, 25 Jun 2010 08:33:04 -0400

The economy grew at a 2.7% annual rate in the first quarter, lower
than what the government initially estimated.

Stocks open higher following the finalization of a sweeping financial reform bill. Dow gains 15 points.

Date: Fri, 25 Jun 2010 09:32:04 -0400

Stocks open higher following the finalization of a sweeping financial
reform bill. Dow gains 15 points,

International Headlines

Date: Thu, 24 Jun 2010 20:02:08 -0400
>TOP STORIES as of 0800 HKT -- 25 June, 2010

> PETRAEUS SUPPORTS 2011 TARGET FOR AFGHAN DRAWDOWN
Gen. David Petraeus says he supports President Obama's July 2011
deadline to start pulling troops from Afghanistan, a key point
of contention with GOP lawmakers.

> IRAN WILL NOT SEND AID SHIP TO GAZA
Iran will not send a ship carrying humanitarian aid to Gaza as
it had planned to do on Thursday, according to a report from the
official news agency of Iran.

> U.S., RUSSIA IN ECONOMIC PLEDGE
Russian President Dmitri Medvedev will meet U.S. President
Barack Obama for talks at the White House on Thursday after
taking a technology tour of California a day earlier.

> ARMED MAN ARRESTED NEAR G-20 SITE
A man with five cans of gas and an array of weapons in his car
was arrested Thursday near the G-20 site in Toronto, Canada,
security officials said.

> JAMAICAN 'DRUG LORD' EXTRADITED TO U.S.
Christopher "Dudus" Coke, the alleged Jamaican drug kingpin,
will be extradited to the United States, a quiet formality that
followed a dramatic eruption of street violence in the capital
of Kingston.

> CHAMPIONS ITALY CRASH OUT OF WORLD CUP
Italy's World Cup title defense comes to an embarrassing end
after a dramatic 3-2 defeat by European footballing minnows
Slovakia leaves them bottom of their group.

> JAPAN OUTCLASS DENMARK TO ADVANCE
Japan have comfortably beaten Denmark 3-1 at the Royal Bafokeng
Stadium in Rustenburg to book their place in the last 16 of the
World Cup.

> PARCEL BOMB BLAST AT GREEK MINISTRY
One person was killed in an explosion at the Ministry of Citizen
Protection in Athens, Greece, on Thursday, a ministry official
told said.

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

> 4-YEAR JAIL TERM URGED FOR 'ROGUE TRADER'
French prosecutors demanded Thursday that trader Jerome Kerviel
serve four years in jail for allegedly betting €50 billion
($61 billion) of his employer's money without its knowledge.

> RUSSIA PAYS BELARUS FOR GAS TRANSIT
Russian energy giant Gazprom has paid Belarus $228 million for
delivering natural gas to Europe, the Russian state news agency
RIA-Novosti said Thursday.

> UK AUCTION RAKES IN RECORD $226.7M
An auction that included works by Pablo Picasso and Claude Monet
raked in 152.6 million pounds (US$226.5 million) Wednesday
night, setting a record for highest total ever realized in an
British art auction, according to Christie's

Markets, Thursday, 06/24/2010

Date: Thu, 24 Jun 2010 17:31:07 -0400

|---------------------------------------------------------------------------|
| Dow : 10,152.80 down 145.64 | S & P : 1,073.69 down 18.35 |
| NASDAQ: 2,217.42 down 36.81 | Bond (10Y): 3.12% up 0.008
|---------------------------------------------------------------------------|

MARKETS:
Stocks slump on economic woes
Investors continue to mull Fed's wary outlook for growth amid two
mixed readings on the economy. Apple's iPhone 4 hits stores.

Stocks drop on downbeat economic reports. Dow tumbles 144 points; Nasdaq and S&P both fall nearly 2%.d

Date: Thu, 24 Jun 2010 16:01:04 -0400

Stocks drop on downbeat economic reports. Dow tumbles 144 points;
Nasdaq and S&P both fall nearly 2%.

Stock slide deepens as bank capital deal reached

Date: Thu, 24 Jun 2010 12:00:56 -0400

STOCK SLIDE DEEPENS AS BANK CAPITAL DEAL REACHED
U.S. stocks slip Thursday, weighed by financials as investors brace
for legislators to wrap up negotiations on the financial overhaul bill
expected to be finalized Thursday.

IPHONE 4 DEBUTS WITH RENEWED CARRIER HOPES
As some lucky consumers start to receive their new iPhones in the mail
and others line up today at Apple Inc. stores, speculation has
returned that the company is talking about adding another carrier,
writes Therese Poletti.

AUSTRALIA'S GILLARD BECOMES PM, OUSTING RUDD
Australian Prime Minister Kevin Rudd steps down in favor his deputy
Julia Gillard, who will become the nation's first woman leader as her
Labor Party heads into a new election.

AUSTRALIA RESOURCE STOCKS CHEER NEW PRIME MINISTER
Shares of most resource names in Australia climb, with traders
optimistic that the nation's new prime minister will soften the blow
of a hefty proposed tax on miners' profits.

EUROPEAN SHARES LOWER AFTER FED'S CAUTIOUS VIEW
European shares edge lower in the first opportunity for Continental
investors to react to the Federal Reserve's more downbeat language on
economic growth.

Number of people filing for first-time jobless benefits falls by 19,000 to 457,000 in latest week, government says.

Date: Thu, 24 Jun 2010 08:32:06 -0400

Number of people filing for first-time jobless benefits falls by
19,000 to 457,000 in latest week, government says.

Stocks open lower on continued anxiety over an economic recovery. Dow drops 30 points; Nasdaq and S&P 500 slip 0.3%.

Date: Thu, 24 Jun 2010 09:32:03 -0400

Stocks open lower on continued anxiety over an economic recovery. Dow
drops 30 points; Nasdaq and S&P 500 slip 0.3%.

International Headlines

Date: Wed, 23 Jun 2010 20:02:08 -0400
>TOP STORIES as of 0800 HKT -- 24 June, 2010

> OBAMA FIRES U.S. AFGHAN COMMANDER
Gen. Stanley McChrystal resigns his Afghan command after his
controversial comments in a magazine article, with Gen. David
Petraeus set to take over the key role.

> AFGHANS PUZZLED BY MCCHRYSTAL FUSS
Washington may be up in arms over General Stanley McChrystal's
comments to Rolling Stone magazine about the U.S. mission in
Afghanistan and how some of his colleagues are handling it - but
some in Afghanistan are asking what the fuss is all about.

> PLEA FOR CALM AFTER JAMAICAN DRUG ARREST
Police in Jamaica call for calm after arresting alleged drug
lord Christopher "Dudus" Coke overnight in Kingston, following a
five-week manhunt punctuated by violence.

> TOP TERROR SUSPECT SEIZED IN INDONESIA
Police in Indonesia captured a man believed to be one of the
most wanted terrorists in the country on Wednesday, authorities
said.

> BP CONTAINMENT CAP OVER WELL REMOVED
The fight over a deepwater drilling moratorium will continue
Wednesday with the White House vowing to move quickly to

> BELARUS CLAIMS GAS BILL SETTLED
Belarus has paid its natural gas debt to Russian energy giant
Gazprom in full, a top Belarus government official said
Wednesday, in the latest twist of a dispute that could affect
Europe's energy supplies.

> HUNDREDS STILL MISSING IN BRAZIL FLOODS
More than 600 people remained missing Wednesday in one of two
Brazilian states where heavy rain has led to 42 deaths and left
thousands of residents homeless, officials said.

> HK BEGINS ELECTORAL REFORM DEBATE
Protesters on Wednesday rallied outside Hong Kong's Legislative
Council as lawmakers began debate over an electoral reform
package that may determine the Chinese territory's political
future.

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

> ASIAN MILLIONAIRES OVERTAKE EUROPEANS
The net wealth of Asian millionaires has eclipsed that of rich
Europeans for the first time, largely because of the relative
health of stock markets in Hong Kong, India and China last year,
according to a new survey.

> BEIJING ALLOWS YUAN TO FALL IN VALUE
China let the renminbi drop slightly in value against the dollar
on Tuesday in a move that analysts said was designed to deter
speculators benefiting from a stronger Chinese currency.

> DUBAI RULER: NOT A RECESSION, A CHALLENGE
The worst is over and Dubai is looking for new opportunities for
growth, according to Dubai's ruler, Sheikh Mohammed.

Markets, Wednesday, 06/23/2010

Date: Wed, 23 Jun 2010 17:32:05 -0400

|---------------------------------------------------------------------------|
| Dow : 10,298.44 up 4.92 | S & P : 1,092.04 down 3.27 |
| NASDAQ: 2,254.23 down 7.57 | Bond (10Y): 3.11% down 0.051
|---------------------------------------------------------------------------|

MARKETS:
Stocks end volatile session mixed
Market seesaws after central bank holds interest rates steady and says
that economic conditions are improving, but remain challenging.

Stocks end mixed after new home sales hit a record low and Fed leaves rates unchanged.

Date: Wed, 23 Jun 2010 16:01:06 -0400

Stocks end mixed after new home sales hit a record low and Fed leaves
rates unchanged.

Breaking News - Petraeus will replace McChrystal

Date: Wed, 23 Jun 2010 11:48:41 -0600

President Obama today named Gen. David Petraeus to succeed Gen.
Stanley McChrystal as top war commander in Afghanistan. McChrystal was
ousted because of disparaging remarks made to "Rolling Stone" about
his civilian superiors.

New-home sales plunge 33% to record low in May

Date: Wed, 23 Jun 2010 12:00:53 -0400

NEW-HOME SALES PLUNGE 33% TO RECORD LOW IN MAY
Sales of new homes slide in May to a record-low level after a federal
subsidy for home buyers expired, according to data released by the
Commerce Department.

MORTGAGE MODIFICATION DATA ISN'T SO INSPIRING
More homeowners are getting help avoiding foreclosure through loan
modifications and other efforts -- but "more" doesn't necessarily mean
"very many" homeowners.

APPLE IPHONE FANS CONTINUE EARLY ADOPTER INSANITY
Apple fanboys and fangirls hungry for the new iPhone will likely be
frustrated by the latest bit of drama from the tech company.

ADOBE SECOND-QUARTER NET JUMPS 18%
Adobe posts a sharp gain in quarterly profit, as the maker of design
software continues to rebound on brisk sales of its flagship product.
CAUTION IS THE WORD AS FED WRAPS UP MEETING
As they wrap up a two-day meeting to review the sputtering U.S.
economy, interest rates and monetary policy, Fed policy makers are
expected to issue a cautious statement keeping rates on hold at
record-low levels, analysts agree.

Stocks edge higher at the open as investors await housing sales data and the Fed's economic pronouncement. Dow adds 5 points.

Date: Wed, 23 Jun 2010 09:32:04 -0400

Stocks edge higher at the open as investors await housing sales data
and the Fed's economic pronouncement. Dow adds 5 points.

International Headlines

Date: Tue, 22 Jun 2010 20:02:06 -0400
>TOP STORIES as of 0800 HKT -- 23 June, 2010

> ANGRY OBAMA RECALLS TOP GENERAL FROM AFGHANISTAN
U.S. President Barack Obama was "angry" after reading Gen.
Stanley McChrystal's remarks about colleagues in a Rolling Stone
article, the White House has said.

> ALLEGED JAMAICA DRUG KINGPIN ARRESTED
Alleged druglord Christopher "Dudus" Coke has been arrested
outside Kingston, Jamaica, police said Tuesday.

> BRAZILIAN FLOODS 'MORE THAN A HORROR FILM'
Flooding in two northeastern Brazil states kill at least 42
people and left more than 115,000 homeless or displaced, civil
defense officials reported.

> BELARUS TO STOP RUSSIAN GAS TO EUROPE
Belarus is threatening to siphon gas bound for Europe if Russia
keeps decreasing its natural gas supply, energy giant Gazprom
said Tuesday.

> FRANCE IN TURMOIL AFTER WORLD CUP EXIT
Beleaguered France, rocked by a spat between coach Raymond
Domenech and his squad, crash out of the World Cup after defeat
against hosts South Africa.

> PAKISTAN TO FREE BIN LADEN HUNTER
An American man detained last week in Pakistan while on a hunt
for Osama bin Laden will be released Tuesday with no charges
filed, a source close to Gary Faulkner's family told CNN.
Faulkner, who suffers from kidney disease, has been given
dialysis in a Pakistani military hospital in Islamabad and is in
good condition, the source said.

> BRITAIN UNVEILS 'UNAVOIDABLE' BUDGET
Britain's budget chief took the wraps off his "unavoidable
budget" Tuesday -- an austere spending plan that raises taxes
and cuts spending as it attempts to help the government slash
its $1.3 trillion debt.

> 5 KILLED IN ISTANBUL 'TERRORIST ATTACK'
A remote-controlled roadside bomb rips through a bus carrying
Turkish military personnel and their families in Istanbul in
what local authorities call "a terrorist attack.

BUSINESS
~~~~~~~~~~~
> PROTESTERS DISRUPT LONDON OIL CONFERENCE
Protesters on Tuesday briefly disrupted a London oil conference
that BP boss Tony Hayward pulled out of a day earlier.

> BERLIN WARNS OF RISKS FROM DEBT
Germany has warned that a failure to reduce public debts could
trigger another worldwide economic crisis, saying that its
planned cuts in spending will not endanger global growth.

> SKEPTICS AWAIT MORE SHIFTS IN CHINA
For a move that had been so long lobbied for and agonised over,
China's announcement at the weekend that it would allow some
flexibility back into the value of its currency was greeted by
economists with grudging optimism rather than yelps of glee.

Markets, Tuesday, 06/22/2010

Date: Tue, 22 Jun 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,293.52 down 148.89 | S & P : 1,095.31 down 17.89 |
| NASDAQ: 2,261.80 down 27.29 | Bond (10Y): 3.17% down 0.077
|----------------------------------------------------------------------------|

MARKETS:
Stocks slump in volatile trading
Market tumbles in the afternoon, falling near the end of a choppy
session. European debt concerns and a weak housing market report are
in focus. Energy shares drop.

Existing home sales decline in May to an annual rate of 5.66 million, a realty group says, surprising economists expecting a gain.

Date: Tue, 22 Jun 2010 10:03:04 -0400

Existing home sales decline in May to an annual rate of 5.66 million,
a realty group says, surprising economists expecting a gain.

Breaking News: Judge blocks U.S. moratorium on Gulf offshore drilling

Date: Tue, 22 Jun 2010 12:03:12 -0600

NEW ORLEANS (AP) - A federal judge in New Orleans has blocked a
six-month moratorium by the Obama administration on new deepwater
drilling projects that was imposed in response to the massive Gulf oil
spill. The White House says it will appeal the ruling.

White House's offshore-drilling moratorium blocked by judge: report

Date: Tue, 22 Jun 2010 13:51:26 -0400

White House's offshore-drilling moratorium blocked by judge: report
06/22/2010 01:49:37 PM EDT

Stocks pare gains as home sales data dim recovery

Date: Tue, 22 Jun 2010 12:00:56 -0400

STOCKS PARE GAINS AS HOME SALES DATA DIM RECOVERY
U.S. stocks edge up Tuesday, even as worries grew over the European
banking system. Consumer discretionary and technology stocks
strengthened.

U.K. PLANS $59 BILLION OF SPENDING CUTS, NEW TAXES
U.K. Chancellor George Osborne on Tuesday announced spending cuts and
tax increases that will total 40 billion pounds ($59 billion) a year
by 2015.

A U.K. BUDGET MORE OF CHOICE THAN NECESSITY
The big question around Chancellor George Osborne's first budget is a
simple one: is it one out of necessity or choice?

WHITE HOUSE BUDGET CHIEF PETER ORSZAG TO QUIT: WSJ
White House budget director Peter Orszag will resign his post next
month, according to a Wall Street Journal report.

EXISTING-HOME SALES DIP 2.2% IN MAY
In a worrisome sign for the U.S. economy, May's resales of homes and
condos fall 2.2% to a seasonally adjusted annual rate of 5.66 million,
dropping despite the boost from a federal tax credit for home buyers,
according National Association of Realtors data.

Stocks open slightly higher as investors await a key home sales report. Dow adds 15 points.

Date: Tue, 22 Jun 2010 09:33:05 -0400

Stocks open slightly higher as investors await a key home sales
report. Dow adds 15 points.

International Headlines

Date: Mon, 21 Jun 2010 20:02:09 -0400
>TOP STORIES as of 0800 HKT -- 22 June, 2010

> TIMES SQUARE BOMBING SUSPECT PLEADS GUILTY
Faisal Shahzad, a suspect in last month's failed New York Times
Square bombing attempt, entered pleas of guilty to all 10 counts
he was facing, an official said.

> JUDGE TO RULE ON U.S. DRILLING MORATORIUM
As oil continues gushing into the Gulf of Mexico, a U.S. judge
will hear arguments from companies seeking to end a six-month
ban on deepwater drilling.

> UK SUFFERS 300TH AFGHANISTAN FATALITY
The United Kingdom suffered its 300th fatality in Afghanistan
with the death of a Royal Marine from injuries suffered this
month, the Ministry of Defence announced Monday.

> TURKISH ARMY USING ISRAELI-BUILT DRONES
Despite an epic rift in Turkish-Israeli relations, Turkey's top
general announced his troops are relying on new unmanned aerial
drones recently purchased from Israel to battle Kurdish rebels.

> VAN DER SLOOT: 'I WAS TRICKED'
Joran van der Sloot is scheduled to appear in a Peruvian court
Monday for a hearing in the death of a 21-year-old woman last
month.

> TURKISH ARMY USING ISRAELI-BUILT DRONES
Despite an epic rift in Turkish-Israeli relations, Turkey's top
general announced his troops are relying on new unmanned aerial
drones recently purchased from Israel to battle Kurdish rebels.

> AFGHAN CHOPPER CRASH KILLS 4 NATO STAFF
Four members of NATO's International Security Assistance Force
died Monday as a result of a helicopter crash in southern
Afghanistan's Kandahar province, military officials said.

> IRAN TO BAN TWO NUCLEAR INSPECTORS
The head of Iran's atomic energy agency said Monday that the
nation will ban two U.N. atomic watchdog inspectors from
visiting nuclear facilities, the semiofficial Iranian Student
News Agency reported.

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

> INDIA TO PRESS U.S. OVER BHOPAL CASE
India will make "vigorous" efforts to push the United States to
extradite the former head of an American chemical company in
connection with the 1984 industrial disaster in Bhopal, India, a
government minister said Monday.

> ASIA MARKETS CLIMB ON CHINA YUAN PLANS
Markets in Asia moved up on news that China would eliminate its
peg to the U.S. dollar, an issue that has ratcheted tensions
between Washington and Beijing.

> Q&A: CHINA'S CURRENCY MOVES
China's announcement Saturday that it will resume a policy of
exchange rate flexibility has been greeted warmly by the markets
and countries that do trade with the world's most populous
nation.

Breaking News: Man pleads guilty in Times Square bombing attempt

Date: Mon, 21 Jun 2010 15:12:30 -0600

NEW YORK (AP) - Faisal Shahzad, a Pakistan-born U.S. citizen, has
pleaded guilty in federal court to a charge accusing him of plotting
the failed Times Square car bombing. Shahzad began by pleading guilty
to attempted use of weapons of mass destruction, but indicated he
would plead guilty to all 10 charges against him. He told the judge he
wanted to "plead guilty and 100 times more." He also warned that
unless the U.S. leaves Muslim lands, "We will be attacking U.S."
Shahzad is accused in a plot that fizzled when a gasoline-and-propane
bomb failed to ignite in an SUV parked near a Broadway theater May 1.

Markets, Monday, 06/21/2010

Date: Mon, 21 Jun 2010 17:31:05 -0400
|
|---------------------------------------------------------------------------|
| Dow : 10,442.41 down 8.23 | S & P : 1,113.20 down 4.31 |
| NASDAQ: 2,289.09 down 20.71 | Bond (10Y): 3.24% up 0.020
|---------------------------------------------------------------------------|

MARKETS:
Stocks end lower
Markets end a tumultuous session with losses as investors step back
after starting strong on China's currency move.

Stocks end lower, erasing early gains. Dow slides 5 points; Nasdaq drops 0.9% and S&P eases 0.4%.

Date: Mon, 21 Jun 2010 16:03:04 -0400

Stocks end lower, erasing early gains. Dow slides 5 points; Nasdaq
drops 0.9% and S&P eases 0.4%.

U.S. stocks rise as China vows yuan flexibility

Date: Mon, 21 Jun 2010 12:00:57 -0400

U.S. STOCKS RISE AS CHINA VOWS YUAN FLEXIBILITY
Stocks rally as China's pledge to make its exchange rate more
flexible, a move that could eventually boost the spending power of the
country's consumers, lifts investors' expectations for global growth.

TRADERS TO WATCH PBOC FOR CLUES TO YUAN POLICY
Traders will keep watch on China's central bank for further clues
regarding its policy on currency appreciation, with attention to focus
on the setting of the central parity rate -- a reference point that
helps define how much the currency can rise during a single session.

CURRENCY MOVE SPARKS DEBATE ON YUAN'S SPEED LIMIT
Although the People's Bank of China's statement on loosening the
yuan's de-facto dollar peg implies a gradual approach, some analysts
say China might opt for a more aggressive move than anticipated.

CHINA TO EASE YUAN'S DE-FACTO DOLLAR PEG
China's central bank plans to loosen the yuan's de-facto peg to the
U.S. dollar but indicated that any strengthening in the Chinese
currency would be gradual.

CASH IN ON CURRENCY SHOCKS WITH THESE FUNDS, ETFS
Investors increasingly are trading foreign currencies both as a hedge
against their U.S. dollar holdings and as a way to speculate on global
economic upheaval.

Stocks rally at the open as investors cheer China's move to strengthen its currency. Dow surges 105 points.

Date: Mon, 21 Jun 2010 09:32:04 -0400

Stocks rally at the open as investors cheer China's move to strengthen
its currency. Dow surges 105 points.

International Headlines

Date: Sun, 20 Jun 2010 20:02:08 -0400
>TOP STORIES as of 0800 HKT -- 21 June, 2010

> FRENCH PLAYERS IN REVOLT AFTER STAR STRIKER SENT HOME
France's World Cup squad boycotted training on Sunday in protest
at the decision to send home star striker Nicolas Anelka, as
they struggle to make the final 16.

> BP ATTACKED FOR INITIAL WORST-CASE REPORT
A BP estimate made after the explosion of the Deepwater Horizon
noted that as much as 100,000 barrels per day could leak into
the ocean if the blowout preventer and wellhead were removed, a
higher worst-case scenario than previously reported.

> ISRAEL EASES BLOCKADE OF GAZA
Israel plans to ease its blockade of Gaza, Prime Minister
Benjamin Netanyahu said today, a step welcomed by the U.S. and
Middle East envoy Tony Blair.

> STUDY: ARSENIC IN BANGLADESH WATER
Up to 77 million people in Bangladesh are being exposed to toxic
levels of arsenic, a new study says. The irony is that it may be
due to a push to clean up drinking water.

> POLISH EXIT POLLS SUGGEST RUNOFF LIKELY
Poles head to the polls to elect a new head of state to replace
President Lech Kaczinski, who was tragically killed in a plane
crash in western Russia in April.

> CHINA 'STEALS U.S. THUNDER' AHEAD OF G20
China's announcement that it will introduce more flexibility
into its exchange rate is a deft political move amid rising
international criticism of Beijing, but the economic
implications are much less certain.

> U.S.-BORN AL QAEDA MEMBER IN NEW VIDEO
American-born al Qaeda spokesman Adam Gadahn appears in a new
video purportedly from the organization, calling President
Barack Obama "snakelike" and saying he is "running the affairs
of a declining and besieged empire."

> 1 KILLED, 4 WOUNDED IN KASHMIR VIOLENCE
One person was killed and four others injured Sunday when Indian
security forces opened fire at a violent mob that tried to torch
a paramilitary bunker in Srinagar, the capital of
Indian-controlled Kashmir.

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

> CHINA WILL FLOAT YUAN VALUE
President Barack Obama welcomed Saturday's news that China's
central bank will allow its national currency to float ahead of
the G-20 summit in Toronto, Canada, next week.

> PLANE WITH AUSTRALIAN MINING EXECS MISSING IN WEST AFRICA
Nine people -- most of them employees of an Australian mining
company -- were missing Sunday after their plane disappeared in
west Africa, the company said.

> SOUTH AFRICA'S BOOMING ART MARKET
In recent years, African artists have seen their work increase
in value as they attract global investors.