June 8Th International Financial Media Headlines

New York Times: Hungary tries to placate investor concerns

Hungary's centre right government committed itself to controlling its budget deficit and spending cuts on Monday, and continues to deny that its earlier state is at risk of a Greek crisis and is in arrears with debt.

A senior official of the Hungarian government said last week that the former government manipulated the budget figures and lied about the economic situation.

This comment is very similar to previous statements made by Greek officials, causing turmoil in the global market last week, causing investors to worry that the credit crisis is moving to the The Danube area and the euro down to its lowest level in four years.

Washington Post: the next generation of iPhone phones will be launched in June 24th.

On Monday, Apple Corp CEO Steve Jobs opened the company's annual developer conference with iPhone 4.

The new generation of iPhone phones will be launched in June 24th, and will have a higher resolution display, longer battery life and thinner design.

According to their functions, the price in the US market is between $199 and $299, and buyers need to sign a two-year contract with AT&T.

USA Today: the US financial crisis Investigation Commission issued a summons to Goldman Sachs.

The US financial crisis Investigation Committee (FCIC) said on Monday that FCIC had issued a summons to Goldman Sachs because it was unwilling to hand over its documents voluntarily.

FCIC said it issued a summons after giving Goldman some cooperation time.

It is unclear what documents FCIC is seeking, and Goldman has already provided a large number of documents to it.

FCIC has summoned credit rating agency Moodie and billionaire investor Warren Buffett.

Guardian: IMF thinks the European Commission needs more power.

The International Monetary Fund today accused the euro zone governments of relying too much on "crisis management" and warned that if the euro zone countries lack unified decisions, they will face a risk of relapsing.

Although the member governments have introduced the deficit reduction plan, they must take concerted action to deal with the drawbacks of the EU economic system, including the reform of the labour market.

Times: the euro is in danger and the pound is going up.

Due to concerns about the financial stability of the euro area and the impact of the British tightening plan, the pound hit a 18 month high against the euro this morning, and the euro against the US dollar hit a 4 year low.

The market expects that Prudential's failure to buy aibang with us dollars will buy the pound again, and continue to boost the future of the pound.

Financial Times: Merkel plans to cut spending

On Sunday, the German government decided to amend the welfare provisions and reduce the scale of defense on a large scale in order to further control government spending in the European debt crisis.

Merkel's 8 point plan will help reduce the deficit of 70 billion euros this year and reduce 10 billion euros a year by 2014, bringing Germany's deficit to the EU's upper limit.

India times: the world bank predicts that India's economic growth will reach 9% in 2011.

On Monday, the world bank first released the first India Pakistan regional economic report this year in Colombo, Sri Lanka, which shows that 2011 of India's economy is growing fastest, reaching 9%.

The Asia Pacific region is still the top growth area, followed by South Asia. The entire South Asian region will grow by 7% in 2010 and close to 8% in 2011.