International Headlines

Date: Sat, 3 Jul 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 04 July, 2010

> VILLA'S WINNER PUTS SPAIN IN WORLD CUP SEMIFINALS
David Villa came to Spain's rescue again to put the European
champions into the World Cup semifinals for the first time with
a hard-fought 1-0 victory over Paraguay in Johannesburg on
Saturday night as both teams missed a penalty.

> OLYMPICS MASSACRE 'MASTERMIND' DIES
Abu Daoud, the man who claimed to be the mastermind behind the
massacre that marked the 1972 Munich Olympics, has died,
according to the official news agency of the Palestinian
Authority.

> 230 DEAD IN CONGO TANKER EXPLOSION
At least 230 people are killed after an oil tanker flips over
and explodes in South Kivu province, on the eastern border of
the Democratic Republic of Congo.

> FIRST FEMALE KYRGYZ PRESIDENT SWORN IN
Interim leader Roza Otunbayeva is inaugurated as president of
troubled Kyrgyzstan, weeks after hundreds died during ethnic
violence, state media reports.

> PETRAEUS CALLS FOR UNITY IN AFGHANISTAN
Gen. David Petraeus called for unity on all fronts of the war in
Afghanistan during a speech Saturday in Kabul.

> SENATORS URGE NEW IRAQ GOVERNMENT
A delegation of U.S. senators on a visit to Iraq said they were
impressed with the progress the country has made over the past
few years, but urged political factions to form a new government
soon.

> VIOLENCE FEARS AS MEXICANS EYE VOTE
Mexicans in 15 states will head to the polls Sunday in elections
that are widely considered to be a referendum on Mexican
President Felipe Calderon's strategy of fighting drug cartels
and organized crime.

> LIGHTNING STRANDS THOUSANDS IN FRANCE
Thousands of travelers in France were stranded Saturday after
lightning shut down a main train station Saturday, the first day
of the summer holiday for students.

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

> BP BRACES FOR A SHAKE-UP AT THE TOP
Investors are braced for a clear-out of BP's leadership once its
leaking oil well in the Gulf of Mexico is capped, which could
come in the next few weeks, according to several leading
shareholders and people close to the group.

> INDIA HAILS $3B SHOWPIECE AIRPORT TERMINAL
A massive new terminal at Delhi's Indira Gandhi International
Airport is being touted as a testament to India's economic
prowess.

> WHO DO AMERICANS BLAME FOR ECONOMY?
Republicans say it's time for President Obama to drop the Bush
bashing and take ownership of the economy.

International Headlines

Date: Fri, 2 Jul 2010 20:02:06 -0400

>TOP STORIES as of 0800 HKT -- 03 July, 2010

> URUGUAY BEAT GHANA ON PENALTIES
Uruguay beat Ghana in a penalty shoot out to reach the
semifinals of the World Cup and oust Africa's last
representative.

> NADAL VS. BERDYCH IN WIMBLEDON FINAL
Czech Tomas Berdych reached the men's singles final at Wimbledon
with a convincing straight sets victory over Novak Djokovic of
Serbia on Friday.

> ALLEGED SPY'S EX: I HARDLY KNEW HER
The former husband of alleged Russian spy Anna Chapman said her
personality changed after she started having "secretive
meetings" with Russian friends a few years ago.

> NASA: SPACECRAFT FAILS TO DOCK WITH ISS
An unmanned cargo spacecraft has failed to dock with the
International Space Station, said Lynette Madison of NASA
Friday.

> DOZENS KILLED IN PAKISTAN SHRINE BLASTS
At least 50 people have been killed and scores more wounded in
an attack Thursday night by suicide bombers on one of Pakistan's
holiest shrines in Lahore.

> HEZBOLLAH'S SPIRITUAL LEADER 'CRITICALLY' ILL
Hezbollah's spiritual leader, Grand Ayatollah Mohammed Hussein
Fadlallah, has been hospitalized in Lebanon and is in "critical
condition," a source in his office said.

> POTTER ACTRESS' KIN ACCUSED OF THREATS
The father and brother of a Harry Potter actress will appear in
court later this month in Manchester, England, on charges of
threatening to kill the young star, prosecutors said Friday.

> RWANDA GENOCIDE SUSPECT ARRESTED
A fugitive Rwandan clergyman wanted for his role in the 1994
genocide has been arrested in Uganda, a police spokesman said.

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

> EUROZONE UNEMPLOYMENT STEADY
Unemployment in the 16-member eurozone -- countries that use the euro
currency -- is at 10 percent, the European statistics
agency said Friday.

> GE CEO HITS OUT AT CHINA, OBAMA
Jeffrey Immelt, General Electric's chief executive, has launched
a rare broadside against the Chinese government, which he
accused of being increasingly hostile to foreign multinationals.

> HUGE BUILDING SCHEME TO BEGIN IN IRAQ
Work will soon begin on one of the biggest real-estate projects
in post-Saddam Hussein Iraq, which some say is a sign things are
looking up for the country's economy.

Markets, Friday, 07/2/2010

Date: Fri, 2 Jul 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,686.48 down 46.05 | S & P : 1,022.58 down 4.79 |
| NASDAQ: 2,091.79 down 9.57 | Bond (10Y): 2.98% up 0.052 |
-----------------------------------------------------------------------------

MARKETS:
Stocks end at new 2010 lows
Markets can't overcome weak June jobs report as investors head into a
holiday weekend.

Stocks finish down after weak jobs report. Dow loses 47 points. Nasdaq, S&P drop 0.5%.

Date: Fri, 2 Jul 2010 16:01:17 -0400

Stocks finish down after weak jobs report. Dow loses 47 points.
Nasdaq, S&P drop 0.5%.

Apple blames iPhone reception woes on indicator

Date: Fri, Jul 2, 2010 at 12:00 PM

APPLE BLAMES iPHONE RECEPTION WOES ON INDICATOR
Apple explains to iPhone 4 owners how it means to address some of the widely reported signal reception issues with the high-end handset that went on sale last week. 

MODEST PRIVATE JOB HIRING IN JUNE
The unemployment report wasn't as grim as it might have been, but it still showed an economy struggling to find firm footing; total nonfarm payroll employment fell by 125,000 as the number of temporary census workers dropped by 225,000. 

JOBS REPORT PROMPTS NEW POLITICAL SPARRING
A fresh round of political sparring breaks out following the release of a disappointing jobs report, with Republicans attacking the White House, but President Obama insisting the country's heading in the right direction. 

EXPIRED BENEFITS LEAVE JOB-SEEKERS IN TOUGH BIND
With the loss of her unemployment insurance benefits, Deborah Brown is worried about keeping on the electricity in her double-wide mobile home. 

PRICE WAR, IPAD RESHAPE YOUNG E-BOOK MARKET
The e-book market created by the Amazon.com Kindle just a few years ago already is undergoing a shakeup – and it soon could see a shakeout. 

Breaking news: Jobless rate drops to 9.5% in Junea

Date: Fri, 02 Jul 2010 06:43:02 -0600

WASHINGTON (AP) -- The unemployment rate fell to 9.5 percent, its
lowest level in almost a year.

However, the Labor Department says employers cut 125,000 jobs last
month, the most since last October. The loss was driven by the end of
225,000 temporary census jobs. Businesses added 83,000 workers to
their payrolls, an improvement from May.

Stocks open higher after government reports job loss in June. Dow gains 9 points.

Date: Fri, 2 Jul 2010 09:32:04 -0400

Stocks open higher after government reports job loss in June. Dow
gains 9 points.

International Headline News

Date: Thu, 1 Jul 2010 20:02:03 -0400

>TOP STORIES as of 0800 HKT -- 02 July, 2010

> DOZENS DIE IN BLASTS AT PAKISTAN SHRINE
Three explosions erupted Thursday in Lahore, Pakistan, killing
35 people and wounding 175, the commissioner of Lahore told siad.

> TURKEY MEETING ANGERS ISRAELI MINISTER
Israel's foreign minister lashes out at the country's PM for
failing to inform him of the first ministerial talks between
Israel and Turkey since the Gaza flotilla incident.

> U.S.: ALLEGED RUSSIAN SPY CONFESSES
The court hearings of two alleged Russian spies have been
delayed until July 16, the Department of Justice announced
Thursday, the day they were earlier scheduled to take place in
Boston federal court.

> N. KOREANS JAILED IN ASSASSINATION PLOT
A South Korean court sentenced two North Korean military
officers Thursday to 10 years in jail for plotting to
assassinate a high-profile defector who once worked for dictator
Kim Jong-il, South Korea's news agency said.

> FINLAND MAKES BROADBAND A LEGAL RIGHT
Finland has become the first country in the world to make
broadband internet access a legal right for all citizens.

> WAR CRIMES COURT SUBPOENAS CAMPBELL
A war crimes tribunal served a subpoena on supermodel Naomi
Campbell, ordering her to testify in the trial of former
Liberian President Charles Taylor.

> L'OREAL HEIRESS AT CENTER OF PARIS TRIAL
The 87-year-old heiress to the L'Oreal cosmetics fortune was at
the center of a trial starting Thursday in Paris, a case that
has come to involve secret recordings, butlers, bank accounts,
and billions of dollars in assets.

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

> WAITING GAME IN GOOGLE-CHINA SAGA
The saga for Google's operations in China continues as the
search giant awaits a decision from Beijing on whether its
operating license will be renewed.

> EU ROAMING CAP COMES INTO FORCE
European travellers using mobile devices while away from home
will have to explicitly agree to charges beyond €50 ($62) a
month for downloading data, under European Union rules that will
come into force on Thursday.

> EU AGREES TOUGH BANKER BONUS GUIDELINES
European Union lawmakers and member states backed the
toughestrestrictions on bankers bonuses seen so far on Wednesday,
sowing confusion across an already jittery financial services sector.

Markets, Thursday, 07/1/2010

Date: Thu, 1 Jul 2010 17:31:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,732.53 down 41.49 | S & P : 1,027.37 down 3.34
|
| NASDAQ: 2,101.36 down 7.88 | Bond (10Y): 2.93% down 0.024
|---------------------------------------------------------------------------|

MARKETS:
Treasurys give up gains
Worse-than-expected manufacturing, housing and jobs numbers drove
investors to the safe-haven appeal of U.S. debt early in the morning,
but in the afternoon, demand diminished.

Stocks finish down after weak readings on manufacturing, housing and jobs. Dow falls 43 points.

Date: Thu, 1 Jul 2010 16:01:07 -0400

Stocks finish down after weak readings on manufacturing, housing and
jobs. Dow falls 43 points.

U.S. stocks crumple as economic worries persist

Date: Thu, 01 Jul 2010 12:00:54 -0400

U.S. STOCKS CRUMPLE AS ECONOMIC WORRIES PERSIST
U.S. stocks fall sharply on the third quarter's first day of trading,
weighed by concerns over an unexpected rise in jobless claims and
disappointing U.S. and Chinese manufacturing data.

TREASURYS RISE AFTER ISM, HOME-SALES REPORTS
Treasury prices rise after weak economic reports sour hopes of an
economic rebound and weigh on stocks, increasing the relative appeal
of U.S. debt.

MANUFACTURING GROWTH MODERATES IN JUNE
Despite its slight decline in June, the Institute for Supply
Management index remains at a high level historically.

JOBLESS CLAIMS CLIMB 13,000 TO 472,000
The number of people filing first-time claims for unemployment
benefits climbs 13,000 in the latest week to 472,000, indicating
continued weakness in the labor market.

PLANNED LAYOFFS FALL TO FEWEST IN A DECADE
Large U.S. employers reduced their planned layoffs in the first half
of 2010 to the slowest pace in a decade, according to the latest count
released by outplacement firm Challenger Gray & Christmas.

U.S. pending-home-sales gauge falls 30% in May

Date: Thu, 01 Jul 2010 10:03:00 -0400

U.S. pending-home-sales gauge falls 30% in May
07/01/2010 10:01:05 AM EDT

Manufacturing activity expands for the 11th straight month, says purchasing manager's group, but the index falls more than expected.

Date: Thu, 1 Jul 2010 10:13:03 -0400

Manufacturing activity expands for the 11th straight month, says
purchasing manager's group, but the index falls more than expected.

Stocks start the second half of the year with a thud. Dow dips 10 points. Nasdaq and S&P drift lower.

Date: Thu, 1 Jul 2010 09:35:06 -0400

Stocks start the second half of the year with a thud. Dow dips 10
points. Nasdaq and S&P drift lower.

Number of people filing for first-time jobless benefits rises 13,000 to 472,000 in latest week, government says.

Date: Thu, 1 Jul 2010 08:33:05 -0400

Number of people filing for first-time jobless benefits rises 13,000
to 472,000 in latest week, government says.

International Headlines

Date: Wed, 30 Jun 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 01 July, 2010

> HURRICANE ALEX SET TO HIT MEXICAN COAST
Hurricane Alex is expected to make landfall in Mexico within
hours and has stalled efforts to clean up the massive BP oil
disaster in the Gulf.

> JUNE: HIGHEST NATO TOLL IN AFGHANISTAN
The June death toll for NATO-led forces in Afghanistan reached
101, the highest ever in a single month since the war began
almost nine years ago.

> FORMER ARGENTINE DICTATOR FACES TRIAL
A former Argentinian dictator and an ex-army chief are scheduled
to go on trial this week on charges of human rights abuses
during the nation's right-wing rule from 1976-83, the
government's Judicial Information Center said.

> SOMALI LEADER JOINS TROOPS ON FRONT LINE
Somali President Sheikh Sharif Sheikh Ahmed joined his troops on
the front line Wednesday to fight hard-line anti-government
Islamists, a presidential aide told a journalist in Mogadishu.

> CLEOPATRA 'KILLED BY POISON, NOT SNAKE'
Cleopatra, the queen of Egypt, died from drinking a mixture of
poisons and not from a snake bite, a German historian said
Wednesday.

> TAYLOR TRIBUNAL WANTS MODEL TO TESTIFY
The tribunal trying former Liberian President Charles Taylor has
taken a step toward requiring supermodel Naomi Campbell to
testify, the court announced Wednesday.

> COPS: MEXICAN CARTEL LEADER ARRESTED
Mexican federal police have arrested a drug cartel chieftain who
is a former police officer and is connected to more than 30
brutal killings, authorities said Wednesday.

> PARENTS SEEK JUSTICE FOR 2003 GAZA DEATH
The parents of Rachel Corrie, an American killed by Israeli
forces seven years ago, visited the State Department Wednesday
as they continue to seek justice in their daughter's death.

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

> 7 BP OIL CRISIS VIEWS
The ski-masked creator of the satirical Twittter account
@BPGlobalPR, ocean explorer Sylvia Earle and conservationist
Carl Safina on the ongoing threat to the oceans

> BANKS' ECB LOANS LESS THAN FEARED
European Central Bank hopes of a smooth return of €442 billion
loaned to banks last year have been boosted after demand for
three-month liquidity offered as an alternative fell far short
of expectations.

> FLYING CAR PRODUCTION ROLLS FORWARD
A highway-worthy airplane moves one step closer to production
with a recent weight exemption approved by the Federal Aviation
Administration.

Breaking News: House OKs sweeping financial regulatory bill

Date: Wed, 30 Jun 2010 17:11:43 -0600

WASHINGTON (AP) - The House of Representatives has passed a sweeping
rewrite of financial regulations, setting the stage for a final vote
in the Senate where votes for the far-reaching bill remained in flux.
The legislation creates a new federal agency to police consumer
lending, sets up a warning system for financial risks, forces failing
firms to liquidate and lays out new rules for instruments that have
been largely uncontrolled.

Market Briefing Newsletter for Wednesday, 06/30/2010

Date: Wed, 30 Jun 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 9,774.02 down 96.28 | S & P : 1,030.71 down 10.53 |
| NASDAQ: 2,109.24 down 25.9 | Bond (10Y): 2.95% down 0.016
|---------------------------------------------------------------------------|

MARKETS:
Stocks dive as second quarter ends
A disappointing report on private-sector jobs drains some
Positive momentum, and end-of-quarter selling sparks late drop.

Stocks finish lower on end-of-quarter selling and weak jobs report. Dow ends down 101 points. Nasdaq, S&P drop 1%.

Date: Wed, Jun 30, 2010 at 4:01 PM

Stocks finish lower on end-of-quarter selling and weak jobs report. Dow ends down 101 points. Nasdaq, S&P drop 1%. today.

U.S. stocks end day down 1%, and close second quarter with 10%-plus losses

Europe set to end downbeat quarter on weak note

Date: Wed, 30 Jun 2010 12:00:57 -0400

EUROPE SET TO END DOWNBEAT QUARTER ON WEAK NOTE
European shares trade broadly lower to cap a bearish second quarter,
primarily playing off a weaker-than-expected reading on U.S.
employment in the private sector.

U.S. STOCKS FLUCTUATE AS SECOND QUARTER ENDS
A disappointing report on private-sector jobs weighs on investors, but
the major indexes manage to eke out small gains.

TREASURYS UNDER PRESSURE AS STOCKS WAVER AFTER ADP
Treasury prices came under pressure on Wednesday after ADP said the
U.S. private-sector added far fewer jobs than economists expected.

CHICAGO FED'S EVANS 'WARY' OF MORE ASSET PURCHASES
Charles Evans, president of the Chicago Fed, is "wary" of calls for
further central-bank purchases of assets aimed at stimulating the
economy. He also dismisses fears that the U.S. recovery is faltering.

HURRICANE ALEX SENDS OIL TO GULF COAST BEACHES
Hurricane Alex, which strengthened overnight from a tropical storm, is
sending oil from the BP spill toward Gulf coast beaches, reports said
Wednesday. The storm, currently a Categrory One hurricane, is
projected to make landfall late Wednesday or early Thursday, probably
in northeastern Mexico, according to forecasters.

Private-sector jobs increase by 13,000 in June, says payroll-processing firm ADP, much lower than economists expected.

Date: Wed, 30 Jun 2010 08:19:03 -0400

Private-sector jobs increase by 13,000 in June, says
payroll-processing firm ADP, much lower than economists expected.

Stocks open slightly lower after a weaker-than-expected jobs report. Dow dips 13 points.

Date: Wed, 30 Jun 2010 09:32:04 -0400

Stocks open slightly lower after a weaker-than-expected jobs report.
Dow dips 13 points.

International Headlines

Date: Tue, 29 Jun 2010 20:02:06 -0400
>TOP STORIES as of 0800 HKT -- 30 June, 2010

> DOW TUMBLES AMID GLOBAL SLOWDOWN FEARS
Stocks tumbled Tuesday, with the Dow falling as much as 326
points and the S&P hitting an eight-month low amid signs of a
bigger slowdown in the global economy.

> PULLOUT DOMINATES PETRAEUS HEARING
Bickering over U.S. President Barack Obama's plan to begin
withdrawing U.S. troops from Afghanistan in July 2011 marked a
Senate hearing on General David Petraeus.

> 11TH RUSSIAN SPY SUSPECT ARRESTED
A suspect in an alleged Russian spy ring has been arrested in
Cyprus a day after 10 other suspects in the case were detained
in the U.S. following an FBI investigation.

> FORMER AGENT: ONLY BAD SPIES GET CAUGHT
Allegations that 11 people acted as Russian agents in a
long-term mission in the United States have again shone a light
on the murky world of espionage.

> CNN'S LARRY KING TO LEAVE HIS SHOW
Larry King, the iconic TV interviewer, will step aside from
hosting of his prime time CNN show later this year, he said
Tuesday.

> GOOGLE STRUGGLES TO GIVE AWAY $10M
On its tenth anniversary in 2008, Google promised $10 million to
the best five ideas for using technology to improve the world,
through Project 10x100 -- a neat play on words (10 to the 100th
power expresses the number "googol," which is a one followed by
one hundred zeroes).

> 26 INDIA POLICE KILLED IN MAOIST AMBUSH
(CNN) -- At least 26 armed police were killed in a Maoist ambush
in eastern India on Tuesday, authorities said.

> GUATEMALA: FUGITIVE BROTHERS SURRENDER
Two fugitive brothers wanted in the much-publicized slaying of a
Guatemalan lawyer last year were being held at a military base
Tuesday, one day after they surrendered to authorities from a
special United Nations commission, the Guatemalan Defense
Ministry said.

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

> CHINA SLOWDOWN FEARS HIT MARKETS
Concerns about the global economy roiled world financial markets
Tuesday after a report on leading indicators in China was
revised lower.

> SPANISH BANKS RAGE AT END OF ECB OFFER
Spanish banks have been lobbying the ECB to act to ease the
systemic fallout from the expiry of a $542 billion funding
programme this week.

> HOW POLAND AVOIDED RECESSION
While the rest of Europe has battled with recession, Poland
remained the only country to keep its head above water.

Markets, Tuesday, 06/29/2010

Date: Tue, 29 Jun 2010 17:31:05 -0400

|---------------------------------------------------------------------------|
| Dow : 9,870.30 down 268.22 | S & P : 1,041.24 down 33.33 |
| NASDAQ: 2,135.18 down 85.47 | Bond (10Y): 2.97% down 0.065
|---------------------------------------------------------------------------|

MARKETS:
Stocks slammed by global slowdown fears
Dow slides as much as 326 points, while the S&P 500 falls below 2010
closing lows. Worries about global growth send euro tumbling. 10-year
note yield falls to 14-month low.

Home prices rise 3.8% in April, compared to a year earlier, but are still down 30% from the peak, says S&P/Case-Shiller report.

Date: Tue, 29 Jun 2010 09:02:04 -0400

Home prices rise 3.8% in April, compared to a year earlier, but are
still down 30% from the peak, says S&P/Case-Shiller report.

Breaking News: Stocks tumble on world economy concerns

Date: Tue, 29 Jun 2010 14:17:43 -0600

NEW YORK (AP) - Stocks and interest rates tumbled Tuesday after signs
of a slowing global economy spooked traders. The Dow Jones industrial
average fell nearly 270 points in trading to fall below 10,000 for the
first time since June 10. The Dow and other major indexes each lost
more than 2%.

Dow slides 268 points on global-slowdown fears; S&P 500 at lowest level of the year

Date: Tue, 29 Jun 2010 16:06:59 -0400

Dow slides 268 points on global-slowdown fears; S&P 500 at lowest
level of the year
06/29/2010 04:05:17 PM EDT

Stock losses accelerate on weak consumer confidence number. Dow down 226 points.

Date: Tue, 29 Jun 2010 10:03:03 -0400

Stock losses accelerate on weak consumer confidence number. Dow down 226 points.

U.S. stocks hit as consumer confidence falls

Date: Tue, 29 Jun 2010 12:05:54 -0400

U.S. STOCKS HIT AS CONSUMER CONFIDENCE FALLS
S&P 500 Index is poised for its lowest finish this year, as U.S.
consumer confidence falls more than anticipated in June, adding to
worries about a global slowdown.

JAVELIN ROCKETS AS DRUG STOCKS HEAD SOUTH
Investor jitters over the state of the Chinese economy weigh on both
the broader market and drug sector in early action.

MICRON, FLEXTRONICS, AMAZON HIGHLIGHT TECH LOSSES
Technology stocks put in a disappointing performance Tuesday, with the
entire sector getting battered and falling along with the broader
market due to investor worries about the Chinese economy and the
outlook for global economic growth.

AIRLINE STOCKS FALL; ANALYSTS TEMPER CHINA OUTLOOK
Airline stocks decline after a U.S.-based research group slashes its
growth outlook for China, a country whose economy has helped lift
international traffic demand.

BARNES & NOBLE, WAL-MART IN SPOTLIGHT; SECTOR DOWN
Retail stocks fall in early activity with the broader markets on
worries that growth in China, the key engine of the global economic
recovery, is slowing.

U.S. consumer confidence plummets to 52.9 in June from 62.7 in May

Date: Tue, 29 Jun 2010 10:04:14 -0400

U.S. consumer confidence plummets to 52.9 in June from 62.7 in May
06/29/2010 10:02:34 AM EDT

Consumer confidence tumbles amid renewed worries about the economy and jobs, Conference Board says.

Date: Tue, 29 Jun 2010 10:00:21 -0400

Consumer confidence tumbles amid renewed worries about the economy and
jobs, Conference Board says.

Stocks drop at the open, after markets in Asia and Europe post steep declines. Dow tumbles 100 points.

Date: Tue, 29 Jun 2010 09:32:06 -0400

Stocks drop at the open, after markets in Asia and Europe post steep
declines. Dow tumbles 100 points.

International Headlines

Date: Mon, 28 Jun 2010 20:02:06 -0400
>TOP STORIES as of 0800 HKT -- 29 June, 2010

> U.S. FEDS ARREST 10 ACCUSED OF BEING RUSSIAN AGENTS
Ten individuals have been arrested in the United States on
charges of being Russian agents, the U.S. Justice Department has
announced.

> OUSTED KYRGYZ LEADER REBUTS PLEBISCITE
Ousted Kyrgyzstan President Kurmanbek Bakiev said Monday that
Sunday's referendum establishing a new constitution was
illegitimate and vehemently denied accusations that he was
behind recent violence that killed scores of ethnic Uzbeks.

> HOPE SLIM FOR 100 BURIED IN CHINA SLIDE
A landslide caused by heavy rain trapped or buried 107 people
from 38 families in southern China on Monday, China's state-run
Xinhua news agency reported.

> UK BOMB EXPERT KILLED IN AFGHANISTAN
A British soldier was killed in a gunfight in Afghanistan, the
Ministry of Defense said Monday.

> POPE REPRIMANDS CARDINAL OVER CRITICISM
In a rare display of dissent, Pope Benedict XVI publicly
chastised an Austrian cardinal for his criticism over the
Vatican's response to sex abuse claims.

> ATTORNEY: VAN DER SLOOT TO FIGHT COURT
Murder suspect Joran van der Sloot will fight all the way to the
Peruvian Supreme Court and international courts to get his
confession overturned, his attorney says.

> BP REPORTS PROGRESS ON RELIEF WELL
A relief well being drilled in an attempt to kill BP's runaway
oil well below the Gulf of Mexico is within 20 feet horizontally
of it, a company executive says.

> SHARK RESEARCHERS STUDY OIL IMPACT
They're at the top of the ocean's food chain -- but it is still
a mystery how the oil disaster is affecting the shark population
in the Gulf of Mexico.

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

> FOXCONN TO SHIFT APPLE PRODUCTION
Foxconn is preparing to shift part of its production of Apple
gadgets from Shenzhen to north and central China.
.labor.ft/index.html

> CHINA'S GROWING LABOR DISCONTENT
Hardly a day has gone by this year without news coming from
China of mass protests, labor strikes or violent attacks. In a
country where strikes and protests are taboo, these are bold,
desperate actions.

> BA WARNS CABIN CREW AS BALLOT NEARS
British Airways has warned its cabin crew they face the risk of
fresh legal action or even dismissal if they go ahead with a
strike vote that could see another round of walkouts at the
loss-making airline this summer.

Markets, Monday, 06/28/2010

Date: Mon, 28 Jun 2010 17:32:04 -0400

|---------------------------------------------------------------------------|
| Dow : 10,138.52 down 5.29 | S & P : 1,074.57 down 2.19 |
| NASDAQ: 2,220.65 down 2.83 Bond (10Y): 3.03% down 0.081
|----------------------------------------------------------------------------|

MARKETS:
Stocks end slightly lower
Wall Street starts the week in 'wait-and-see mode' ahead of key
reports on manufacturing and the job market.

Sen. Robert Byrd dies at 92

Date: Mon, Jun 28, 2010 at 12:00 PM

SEN. ROBERT BYRD DIES AT 92
Sen. Robert Byrd, the West Virginia Democrat who became the longest-serving member of Congress in U.S. history in a Senate career spanning more than 50 years, has died at age 92, a spokesman says.

U.S. SAVINGS RATE INCHES HIGHER IN MAY
The savings rate for U.S. households rose to the highest level in eight months in May, as incomes grew faster than spending, the Commerce Department estimates.

CRUDE FUTURES LOWER AS STORM WORRIES FADE
Crude futures dropped Monday, as worries about a production-disrupting tropical eased and mildly positive macroeconomic data in the U.S. was not enough to lift markets.

G-20 COUNTRIES SET DEFICIT AND DEBT-REDUCING GOALS
Top leaders of Group of 20 major economies reach an agreement on common goals for deficit and debt reduction, but with governments permitted to use their own methods to reach those goals.

OBAMA URGES CHINA TO FOLLOW THROUGH ON YUAN MOVE
President Barack Obama says he expects China to follow through on a policy move made last week to loosen the yuan's de-facto peg to the dollar, but adds that the U.S. has other issues it wants to address with the Chinese. 

Personal income rises 0.4% in May while spending increases 0.2%, government says.

Date: Mon, 28 Jun 2010 08:32:04 -0400

Personal income rises 0.4% in May while spending increases 0.2%,
government says.

Sen. Robert Byrd dies at age 92

Date: Mon, 28 Jun 2010 03:38:31 -0600

Sen. Robert Byrd, D-W. Va., the nation's longest-serving senator, died
Monday at a suburban Washington, D.C., hospital. He was recently
hospitalized for dehydration. Byrd was 92.

Stocks open higher after G-20 leaders pledge to cut deficits. Dow gains 14 points.

Date: Mon, 28 Jun 2010 09:34:05 -0400

Stocks open higher after G-20 leaders pledge to cut deficits. Dow
gains 14 points.

International Headlines

Date: Sun, 27 Jun 2010 20:02:04 -0400
>TOP STORIES as of 0800 HKT -- 28 June, 2010

> KYRGYZSTAN APPROVES NEW CONSTITUTION FOLLOWING VOTE
Kyrgyzstan, recently hit by an outbreak of riots across its
territory, approves a new constitution following a referendum,
the state-run Kabar news agency reported.

> G-20 PROTESTS PLAGUED BY VIOLENCE
Police in Canada are preparing for more disruptions after
protesters burned cars, hurled bricks and smashed windows as
they tried to gain access to the G-20 summit.

> CIA: AFGHAN WAR HAS 'SERIOUS PROBLEMS'
CIA Director Leon Panetta said Sunday that the war in
Afghanistan had "serious problems," but the U.S.-led mission was
making progress.

> POPE DEPLORES CHURCH ABUSE RAID
A raid at the headquarters of the Catholic Church in Belgium by
police investigating child abuse was "deplorable," Pope Benedict
XVI said Sunday.

> IRAN DISMISSES LATEST U.S. SANCTIONS
Iranian officials dismiss new U.S. sanctions against their
country, with one parliament member saying the measures will
only backfire, according to state-run media.

> G8 CRITICIZES NORTH KOREA AND IRAN
The Group of Eight rich nations focused on recovery from a
global economic crisis in their two-day summit but also issued
strong criticism of Iran and North Korea.

> KYRGYZ VOTE UNDER WAY AMID CONCERNS
Voting was under way Sunday for a new constitution in
Kyrgyzstan, just weeks after the strategically-important central
Asian nation was wracked by ethnic violence.

> GULF CREWS KEEP WARY EYE ON STORM
Tropical Storm Alex was on track to become hurricane strength
once it makes its way back to the warm waters of the Gulf of
Mexico late Sunday. But forecasters expect it to avoid the
oil-affected areas.

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

> G-20 BATTLELINE: STIMULUS V. AUSTERITY
As world leaders 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 '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.