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Provided by: Reuters News Updated: 14 Juli 2009 14:21:00 (GMT+07:00) Singapore GDP spurt boosts hopes of Asian revival SINGAPORE/SYDNEY, July 14 (Reuters) - Singapore's economy roared out of recession in the second quarter and a measure of Australian business conditions jumped in June, raising hopes Asia will lead a broader global recovery in the second half of 2009. Story ID: nSP483679 UK retail sales up, house price fall slows; c.bank wary LONDON, July 14 (Reuters) - British retail sales rose in June and house prices fell at their slowest rate in two years, two surveys showed on Tuesday, in further signs the economy may be bottoming out after the worst downturn in decades. Story ID: nLD233137 Stocks benefit from better mood on banks TOKYO/SYDNEY, July 14 (Reuters) - Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a long losing streak, while also reversing some of the recent safe-haven rush into the yen and sovereign bonds. Story ID: nSYD489846 Europe shares advance as financials, miners gain LONDON, July 14 (Reuters) - European equities extended previous session's sharp gains on Tuesday, lead by banks and miners, with investors keenly awaiting quarterly results from companies such as Goldman Sachs and Intel. Story ID: nLE303450 Japan PM woes persist; party in disarray TOKYO, July 14 (Reuters) - Japan's ruling bloc voted down a no-confidence motion against embattled Prime Minister Taro Aso on Tuesday, but chaos deepened within his party as fears grew of a historic defeat in a national election next month. Story ID: nT55205 Chinese spy probe widens; Australia wants haste BEIJING, July 14 (Reuters) - Chinese investigators have questioned executives at several steel mills in a widening probe of alleged leaks of state secrets to Australian iron ore supplier Rio Tinto, Chinese media said on Tuesday. Story ID: nSP462370 Rattner leaves US autos force, probe intensifies WASHINGTON/NEW YORK, July 13 (Reuters) - Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors Corp and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified. Story ID: nN13210689 CIT survival ensnared in regulatory battle NEW YORK/WASHINGTON, July 13 (Reuters) - The survival of CIT Group Inc, a key source of financing for thousands of small and medium-sized companies, became ensnared in disagreements between regulators in Washington on Monday. Story ID: nN13184030 Oil rises above $60 amid equities rally; worries linger PERTH, July 14 (Reuters) - Oil reversed the previous session's losses and rose above $60 a barrel on Tuesday, thanks to improved sentiment amid a stock market rally, but lingering fears of the deep and long recession capped oil's gains. Story ID: nSYD461610 Nissan, Honda to boost China output capacity TOKYO, July 14 (Reuters) - Nissan Motor Co and Honda Motor Co plan to boost production capacity in China to tap brisk demand in the country, which overtook the United States as the world's biggest auto market in first half of this year. Story ID: nT54497 Facebook gets $6.5 bln valuation with share sale SAN FRANCISCO, July 13 (Reuters) - Facebook netted a $6.5 billion valuation for its common shares on Monday, further underscoring the fast-growing Internet social networking site's high rank among technology and media industry heavyweights. Story ID: nN13198123 Republicans contest Obama's Supreme Court choice WASHINGTON, July 13 (Reuters) - President Barack Obama's nominee for the Supreme Court, Sonia Sotomayor, promised on Monday to apply the law impartially as Republicans used the first day of her confirmation hearings to repeatedly question her objectivity. Story ID: nN13135019 Copyright C 2009 Reuters News
