FMX | Connect – www.fmxconnect.com - (Reported 7/12/2010) 

• Australian home-loan approvals climbed in May, first gain in eight months
• Bank of Korea raises country's 2010 growth forecast to 5.9%.
• Big election losses could hinder Japan ruling party attempts to revive economy.
• China shares rise led by banks and property developers.
• Euro falls below $1.26 in morning European trading; pound also lower.
• Frankfurt airport passenger numbers up 7 percent on year in June, 1.4 percent in 1st half.
• French President Sarkozy to go on national television amid scandal involving L'Oreal cosmetics.
• India's industrial production slows in May while expanding at double-digit rate.
• Taiwan Central Bank seeks to curb housing speculation as prices surge 20%
• Oil falls to near $75 in Asia.
• UK confirms Q1 economic growth was 0.3 percent, marking 2nd quarter of post-recession growth.
• US Treasury yields near two-week high as easing Europe concerns damp demand.
• World stock markets mostly rise as China trade, South Korea growth upgrade lift sentiment.
• Yen weakens against Euro on Japan elections; Asian exporter stocks advance.
• Asics to buy Swedish Haglofs Holding AB to expand abroad.
• AON to buy Hewitt for $4.9B.
• BP says cost of dealing with the oil spill reaches $3.5B.
• BP shares rise more than 5% in early trading as repairs in Deepwater Horizon progress.
• Google to expand in the online gaming sector; invests $100M in Zynga.
• LG Electronics mulls developing TVs using Google software.
• Santander signs an agreement to buy Swedish bank SEB's German business.
• Standard Chartered bank to buy GE Commercial Financing SG.
• Tour operator Thomas Cook to buy Germany's Oeger Tours for $38M.
• Toyota invites experts to improve quality control.
• Weyerhaeuser declares a record $5.6B special dividend.

Source: ZeroHedge

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