Saturday, May 08, 2010
International Headlines
>TOP STORIES as of 0800 HKT -- 08 May, 2010
> RIVALS JOSTLE FOR POWER AS UK VOTE ENDS IN DEADLOCK
British PM Gordon Brown and David Cameron, pictured, both offer
alliances to the Liberal Democrats as they jostle for power
after the UK's inconclusive election.
> EU GOVERNMENTS APPROVE GREECE BAILOUT
Leaders of several European countries will meet Friday in
Belgium to finalize the details on a financial bailout plan for
Greece.
> EUROPEAN LEADERS HIT AT RATINGS AGENCIES
The world's credit ratings agencies have come under attack from
Germany and France over their role in Europe's debt crisis, with
the U.S. joining calls for tough measures to curb their
influence over markets.
> CONTAINMENT DOME LOWERED AT LEAK SITE
A massive dome began its descent into the Gulf of Mexico to cap
a gushing oil leak about 5,000 feet below the surface, a BP
official said Friday.
> SPILL THREATENS AIRCRAFT CARRIER REEF
As the "H2O Below" charter boat leaves the dock and heads into
Pensacola Bay, it is chock full of divers.
> IRISH AIRSPACE REOPENS AFTER ASH SCARE
Ash from an Icelandic volcano shut down airports in Ireland for
a fourth day Friday, disrupting travel plans for thousands of
passengers.
> BATTLING TIGER MAKES CUT AT SAWGRASS
Tiger Woods has avoided missing the halfway cut in successive
tournaments for the first time in his career, but will go into
the weekend at the $9.5 million Players Championship nine shots
off the lead.
> TIMES SQUARE SUSPECT 'HAD TALIBAN TIES'
Faisal Shahzad made a practice run in Manhattan the day before
he allegedly tried to blow up a car bomb in Times Square
BUSINESS
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> WALL STREET STOCKS FALL AGAIN
The selloff resumed Friday as investors remained jittery
following one of the most gut-churning days in Wall Street
history.
> NIKKEI SLIDE CONTINUES GLOBAL SELL-OFF
The Nikkei-225 Index in Tokyo closed 3.1 percent lower on Friday
as the global sell-off -- sparked by the debt crisis in Greece
and a wild session on Wall Street -- continued to roll with the
sun across the financial world.
> LIVERPOOL FC LOSE $81M; CEO PAID $6M
Liverpool's failure to qualify for the Champions League has been
put in stark relief by figures showing the English club's
American owners made a loss of $81 million for the year up to
July 31, 2009.
