FMX | Connect – www.fmxconnect.com - (Reported 5/18/2010)

• Asia may need capital controls to curb fx rise - ADB.
• China sees inflation quickening this Month to 3% 'trigger' point for rates: State agency.
• China's holdings of US Treasury securities totalled $895.2B in March, up 2% from Feb levels.
• EU finance ministers seek deficit cuts to ward off debt crisis threat.
• Euro weakens to near four-year low on economy; Most Asian stocks decline.
• FDIC has inherited CDOs with a face value of more than $400M from failed lending institutions.
• German governing parties call for financial transaction tax in Europe.
• German investor confidence may plunge as Europe's debt crisis hurts Euro.
• Greece to receive euro14.5B in bailout loans.
• Home Starts in US probably rose 5.8% for April.
• Oil rises to near $71 in Asia as 2-week sell-off sparked by Europe crisis pauses.
• Abraxas Petroleum's Q1 profit doubles to $11.2M on derivatives gain, higher prices.
• Agilent Tech swings to Q2 profit of $108M; Sees strong Q3, lifts FY EPS view to $1.70-1.75.
• Blackstone said to drop plan to buy Fidelity Information in price dispute.
• Fidelity National plans a recap rather than a buyout.
• GM posts its first qtrly profit in 3 years ($863M), helped by cost cuts, improved global sales.
• Illinois Tool Works said its revenue jumped 19% in the latest three-month period ended April.
• Lowe's Cos.'s post a better-than-expected 2.7% rise in profit to $489M on higher sales.
• Macarthur Coal rejects Peabody's revised $3.3B offer; shares plunge.
• Man Group PLC to pay $1.6B in cash and new shares to acquire GLG Partners Inc.
• Mitsubishi UFJ recovers from deep losses, posts $4.2B net profit.
• Rosneft's Q1 net rises 19% to $4.45B, helped by crude output growth and higher oil prices.
• Samsung Electronics to invest record $22.9B in 2010 on manufacturing facilities, R&D.
• Sinopec gets approval to sell as much as $3.4B of bonds to fund expansion.
• Sirius XM Radio raised 2010 profit f'cast on new subscriptions being more than expected.
• Valspar Corp.'s Q2 net doubles to $61.7M on 20% rise in revs to $803.6M.
• Vodafone Group's fiscal-year net profit rose to 177% to $12.4B on lower impairments.
• WaMu amends bankruptcy plan, to return $7B to creditors; FDIC support unclear

Source: ZeroHedge

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