July 3Rd International Financial Media Headlines
Washington Post: the US unemployment rate declined in June, and the employment market was weak.
According to the employment report released by the US government on Friday, the unemployment rate in the United States in June was 9.5%, down slightly from 9.7% in May.
The number of private sector employers increased by 83000 jobs in June was more than doubled in May, but still below the 6 figure shows a strong growth in employment recovery.
The figures show that the US economic recovery continues in the summer, but the job market is weakening.
New York Times: General Company plans to submit IPO application in mid August
General Motors is planning to submit its initial public offering in mid August this year, people familiar with the matter said on Friday.
(IPO)
The application will be the biggest step towards the repayment of US government bailout funds.
The people also revealed that the company also sought several $5 billion credit lines from several banks.
General Company has chosen Morgan Stanley and J.P. Morgan as its IPO underwriter. The company has hinted that it will be held by the end of this year.
USA Today:
Toyota
138 thousand Lexus will be recalled in the US
Toyota Corporation said it will recall 138 thousand Lexus cars in the United States to repair the malfunction of the car engine.
The company said in a statement on Friday that defects in the valve spring, a key component of the engine, could cause the car to suddenly stall while driving, and said it would submit a recall document to the relevant government departments next week.
To solve the engine problem, Toyota Corporation has announced that it will recall 270 thousand Lexus cars worldwide.
Guardian: Hungary calls for "preventive" financial assistance.
Hungary is planning to ask the European Union and the International Monetary Fund to give a two - year, 100-200 - billion euro "preventive" financial aid so that the government can control its finances.
It is reported that Hungary's fiscal deficit will be bigger than expected next year.
According to the current agreement with IMF, Hungary is striving to control the deficit by 3.8% and 3% of GDP in the next two years, and carry out more in-depth structural reforms.
Reuters: Sales of Martha department store in UK continue to rise
Famous English
Retailer
Martha's department store announced that sales rose for third consecutive quarters, but its performance improved slightly, and turnover increased by 1-4% compared with the same period last year, indicating the weakness of consumption recovery.
Meanwhile, the government's emergency budget proposes plans to increase taxes and cut spending, which will strike consumer confidence in the coming months.
Nevertheless, the company's executives are optimistic about their future performance.
FT: deadly fungus affects global wheat production
A 40 year old fungal disease has returned to the world, which will bring a heavy blow to global wheat production.
The new wheat stem rust disease (Ug99) began to re spread. According to the FAO, 29 countries will be affected by diseases, covering Eastern and northern Africa, the Middle East, central and southern Asia, and 37% of global wheat production will thus be hit.
India times: India reliance power will merge with reliance natural resources company.
After the end of the securities market on Friday, India reliance group Ambani's two companies, Reliance Power and reliance natural resources, announced that the board of directors of the two companies will meet on Sunday.
Earlier, the streets of darling street had already heard about the merger of the two companies, and the media's speculation on the matter increased. The share price of the two companies was on the rise in the middle of the trading day.
Japan Times: sales volume increased steadily in the US market in the first half of the year.
On Thursday, a US car data research firm said that Toyota Auto Body Co sales in the US in the first half of 2010 continued to show a single digit percentage growth after a series of car recalls.
The number of new car sales in the United States increased by 16.7% in the first half of this year compared with the double-digit growth of several other major auto manufacturers, with a total sales volume of 5 million 614 thousand vehicles from January to June.
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