Tuesday, May 11, 2010
International Headlines
>TOP STORIES as of 0800 HKT -- 12 May, 2010
> CAMERON IS NEW UK PRIME MINISTER; CLEGG NAMED DEPUTY
Conservative leader David Cameron is named Britain's new prime
minister and announces a coalition with the Liberal Democrats to
form "strong and stable government."
> OIL EXECS: SPILL NOT OUR FAULT
The three oil companies involved in the Gulf of Mexico spill are
blaming each other for the disaster that killed 11 workers,
CNNMoney reports.
> AQUINO HOLDS LEAD IN PHILIPPINE VOTE
Sen. Benigno Aquino III, the son of former Philippine president
Corazon Aquino, led contenders for the Philippines presidency
Tuesday, as authorities tabulated returns from the country's
national elections.
> MASS GRAVE TO BE EXHUMED IN SERBIA
Investigators are preparing to exhume a possible mass grave site
in Serbia where witnesses say the bodies of 250 ethnic Albanians
are buried, prosecutors said.
> 52 DEAD IN RUSSIAN MINE BLASTS
The death toll from a Russian coal mine accident has reached 52,
with 38 people still missing, the Russian Emergency Situations
Ministry said.
> ASH CLOUD CLOSES SPANISH AIRPORTS
Ash from an Icelandic volcano Tuesday shut down traffic at
airports from central Spain to the Canary Islands off the coast
of Africa, air traffic control authorities said.
> CLINTON OPENS KEY TALKS WITH KARZAI
Brushing recent public spats aside, the Obama administration
welcomed Hamid Karzai to Washington on Tuesday, opening a round of
partnership talks with the Afghan president.
> POPE: SEX ABUSE SCANDAL 'TERRIFYING'
Pope Benedict XVI made one of his strongest statements to date
on the sex abuse scandal sweeping the Roman Catholic Church,
saying Tuesday the reality he has seen is "terrifying.
BUSINESS
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> TOYOTA REPORTS A RETURN TO PROFITS
Toyota reported an annual profit of 209 billion yen ($2.2
billion) in the year ending in March, the Japanese automaker
announced on Tuesday.l
> MARKETS SURGE ON EUROZONE RESCUE PLAN
Financial markets across the globe surged while the euro
strengthened against the dollar Monday, a day after Europe's
finance ministers approved a huge rescue package aimed at
stabilizing the eurozone.
> GOLDMAN, JPMORGAN PROFITS SOAR
The trading operations of Goldman Sachs and JPMorgan Chase made money
every single business day in the first quarter, a feat
that was a first for the companies and underlines the boom in
Wall Street's investment banking revenues.
