Tuesday, June 01, 2010

It's the economy (Tuesday, June 1, 2010)

BP shares drop company's future under debate, Waves of losses for Europe's banks and China and India mix it up over telecoms, some of the items of interest for Tuesday.

Globe and Mail-- Gravity shift: How Asia's new economic powerhouses will shape the 21st century
Globe and Mail-- Solutions for a crisis in its sovereign stage
Globe and Mail-- BP plunges, costs near $1-billion
National Post-- Canada's big banks hike prime lending rates
National Post-- Inside BP's 'intervention room'
National Post-- Did Carney go too far?
Vancouver Sun-- Task force fudges business tax recommendation
New York Times-- Chinese Honda Strike a Wake-Up Call for Japan
New York Times-- European Debt Crisis Feeding Into Economy, Data Show
New York Times-- Austerity and a Jobless Rate Near 20% Weigh on Madrid
USA Today-- BP shares dive; analyst says situation has 'smell of death'
USA Today-- Stocks retreat as energy shares drag down market
Guardian UK online-- Billions more wiped from BP's value as shares plunge on oil spill failures
Guardian UK online-- Ryanair to reject 'ludicrous' Iceland volcano claims
Guardian UK online-- Manufacturing sector's winning streak continues - for now
Times online UK-- BP’s latest plan to plug leak hits shares
Times online UK-- Eurozone banks facing second wave of loan losses
Telegraph UK online-- MPs and capital gains tax: we are living in fiscal apartheid
Telegraph UK online-- UK manufacturing lifted by overseas demand
Telegraph UK online-- Euro slides, stock markets fall as China, Europe fuel fears for world recovery
Melbourne Herald Sun-- Interest rates - what the Governor said
Melbourne Herald Sun-- Manufacturing recovery slows
Sydney Daily Telegraph-- Salary starved workers put bosses on notice over pay
People's Daily-- Economic zone receives nod for expansion
People's Daily-- Official: Natural gas price hike needed for rational resource allocation
China Daily-- No winners in China, India telecom spat
China Daily-- China repo rate surges to 19-month high
Times of India-- India's exports rise by over 36% in April
Times of India-- Gold zooms to new record high of Rs 19,050

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