June 1St International Financial Headlines

The following are the headlines of global media in June 1st.

　　《纽约时报》：美国人夏季出行面临着拥挤的航班和更高的票价

In the first quarter of this year, the number of first-class and business class passengers in the United States increased by 7.6% compared with the same period last year, and the number of passengers in economy class increased by 7.4%, according to the US aviation industry organization IATA.

The organization says that all types of service growth are driven by "commercial travel rather than leisure travel".

Major business travel agencies in the United States also reported strong growth in the number of business travelers promoting air travel.

　　《今日美国》：美国汽车制造商更多地依赖于零首付以达成交易

More American car manufacturers offer zero down payment as a means to facilitate pactions with the weary customers of the recession, and see that this promotion is more effective than cash return and other incentives.

According to the Edmunds.com website, in March this year, the number of vehicles paid by zero down payment accounted for 22.4% of all new car pactions. In April, the proportion was still 17.8%.

In May, the car manufacturers that provided zero down payment for various models include general motors, Ford, NISSAN, Volvo, Volkswagen and TOYOTA.

　　《华盛顿邮报》：美国国际集团在继续谈判时面临着降低友邦保险要价

Some of the largest shareholders in Prudential, UK, say the price of Prudential, the main Asian arm of AIG, is too high for the UK to buy the AIG, and they may reject the deal at the shareholders' meeting in June 7th.

In the face of the demand for reduction, AIG chose to continue negotiations.

As of last Friday, the US Treasury group, the largest shareholder of AIG, said it would not consider changing the original sale plan.

According to people familiar with the matter, AIG hinted that there might be other options for AIG.

　　《卫报》：欧元区银行面临1950亿英镑的有毒贷款损失

The European Central Bank warned today that eurozone banks will face second rounds of potential loan losses in the next two years, totaling up to 195 billion euros, and the sovereign debt crisis is likely to "spread" to the financial sector.

The European Central Bank has increased the number of purchases of eurozone government bonds, and has now purchased 53 billion euros.

　　《泰晤士报》：英国服务业景气指数下降

According to the statistics of the British Federation of industry, from February to May, as the consumer again tightened their pockets, the revenue from the service sector such as Grande Bretagne Hotel and restaurants declined, and the quarterly sales of professional services such as accounting and lawyers were also stagnant.

Only 14% of the sales of service enterprises increased, and the industry wide business index declined from 7 in February to -21.

　　《金融时报》：欧元区经济景气指数低迷

Affected by the downturn in consumer confidence in the euro area, the economic index of the European Commission in May dropped to 98.4 from 100.6 last month, down from the long-term average of 100, the biggest decline since the 2008 economic recovery. It shows that the prospects for economic recovery are uncertain and the market is full of worries about the future development of the euro zone.

　　《印度时报》：互惠基金买卖需持有销售许可证

The India securities and Exchange Commission announced that on Tuesday, June 1st, all dealers and agencies and individuals who sell mutual funds and their derivatives must hold certificates issued by the National Securities Market Research Institute and have legal effects before they can engage in mutual fund sales activities.

Experts believe that the aim is to provide investors with better services to avoid misleading misconduct in the market.

　　《日本时报》：松下立志超越太阳能业务竞争对手三洋公司

Japan's Panasonic Corp hopes to surpass Sanyo Corporation, a competitor in the field, through solar panel business, aiming to occupy at least 35% of Japan's solar panels by 2012.

Matsushita vice president said that the new generation of solar products will be listed in Japan next month. The product will be promoted by SANYO Electric's solar technology, using Matsushita's sales network of electrical appliances and household appliances.