How much should financial markets really fear Spain? MarketWatch Spain's IBEX 35 (SIBE:XX:IBEX) is down 22% this year, and is the second-worst market in the world for 2010 thus far according to MSCI Barra

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National Post Buffett Backs Moody's in Crisis Hearing Without 'Candid' Voice BusinessWeek June 3 (Bloomberg) — Warren Buffett, compelled by subpoena to testify, backed Moody's Corp. at a hearing yesterday, marking the second time in two months he defended a holding of his Berkshire Hathaway Inc. against criticism it misled ..

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Xinhua BEA confirms plans to issue yuan bonds in China Reuters SHANGHAI May 31 (Reuters) – Bank of East Asia (BEA) (0023.HK) has applied to issue yuan-denominated bonds in China, a senior executive of its China unit said on Monday, confirming a Reuters report.

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Gulf Times Indian shares rise 0.4 pct; L&T, Mahindra climb Reuters MUMBAI, May 27 (Reuters) – Indian shares shrugged off a shaky start and climbed 0.4 percent on Thursday, supported by gains in their Asian peers but euro zone debt problems and foreign fund outflows were a drag. Trade was choppy as investors adjusted …

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Globe and Mail Lehman sues JPMorgan for billions in damages Reuters The JP Morgan and Chase headquarters is seen in New York in this January 30, 2008 file photo. NEW YORK (Reuters) – Lehman Brothers Holdings Inc (LEHMQ.PK) on Wednesday sued JPMorgan Chase & Co (JPM.N), accusing the second-largest US bank of illegally … Lehman Sues JPMorgan to Recover Billions of Dollars BusinessWeek Lehman's Bankruptcy Estate Sues JP Morgan Wall Street Journal Lehman sues JPMorgan over its collapse CNNMoney Financial Times

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The Herald | HeraldOnline.com Durables Orders in US Increased More Than Forecast BusinessWeek May 26 (Bloomberg) — Orders for durable goods rose in April for the fourth time in five months, pointing to strength in US manufacturing at the start of the second quarter.

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Globe and Mail OIL FUTURES: Crude Slightly Up, But Mood Still Weak On Euro Wall Street Journal SINGAPORE (Dow Jones)–Crude futures rose marginally in Asia Thursday, but market sentiment remained bearish due to a weak euro and fiscal concerns in Europe. On the New York Mercantile Exchange, light, …

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MiamiHerald.com Lowe's outlook disappoints Reuters A worker arranges a barbecue grill outside a Lowe's store in Scottsdale, Arizona in this February 22, 2010 file photo.

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Reuters Central Bank chief: euro crisis is worst since the second world war The Guardian The European Central Bank president, Jean-Claude Trichet, warned this weekend that Europe faces its worst crisis since the second world war as he called for a “quantum leap” from eurozone countries in getting a grip on their finances. … Trichet Pegs Euro's Future to Tighter Fiscal Management Wall Street Journal Trichet Wants 'Quantum Leap' in Euro Budget Control BusinessWeek Trichet Wants More EU Budget Control, Sanctions, Spiegel Says Bloomberg CNBC

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Boston Globe CEO sees Ford continuing to improve into 2011 The Associated Press WILMINGTON, Del.

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