U.S. Top News Early Edition: Portuguese downgrade darkens euro zone rescue hopes

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	07/6/2011
Good Morning Aron LATEST NEWS Portuguese downgrade darkens euro zone rescue hopes LONDON/PARIS (Reuters) - The downgrading of freshly bailed-out Portugal's credit rating to "junk" shocked financial markets Wednesday and cast new doubt on European efforts to rescue distressed euro zone states without debt restructuring. | Full Article China raises rates, shrugs off slowing growth July 06, 2011 09:15 AM ET BEIJING (Reuters) - China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases. | Full Article Exclusive: AirAsia plans to boost Airbus deal July 06, 2011 07:41 AM ET KUALA LUMPUR (Reuters) - AirAsia has drawn up plans to buy an extra 100 Airbus A320neo jets, potentially taking its record-breaking order to 300, a source with direct knowledge of ongoing discussions said. | Full Article IMF's Lagarde signs up to tougher ethics code July 06, 2011 09:27 AM ET WASHINGTON (Reuters) - Christine Lagarde, who took office as IMF managing director on Tuesday, has signed up for tougher ethical rules than her predecessor as the lender seeks to inoculate itself from further hits to its reputation in the aftermath of Dominique Strauss-Kahn's resignation under fire. | Full Article Strauss-Kahn lawyers to meet prosecution July 06, 2011 09:34 AM ET NEW YORK (Reuters) - New York prosecutors are scheduled to meet with defense lawyers for former IMF chief Dominique Strauss-Kahn on Wednesday to discuss the sexual assault charges against him, one of the defense lawyers said. | Full Article BUSINESS NEWS Wall St set to open lower on Portugal, China July 06, 2011 09:00 AM ET NEW YORK (Reuters) - Stocks were poised for a lower open on Wednesday after Moody's downgrade of Portugal's credit rating to "junk" and China's interest rate rise sparked jitters about global growth prospects. | Full Article UK's Cameron calls for probe into phone hacking July 06, 2011 09:21 AM ET LONDON, July 6 - British Prime Minister David Cameron on Wednesday called for an official inquiry into a phone hacking scandal at Rupert Murdoch's News International that has prompted national outrage. | Full Article Mortgage applications fell last week: MBA July 06, 2011 07:07 AM ET NEW YORK (Reuters) - Purchase applications for U.S. home mortgages rose last week, but refinancing activity plunged as interest rates jumped, an industry group said on Wednesday. | Full Article Banks chafe at pay clawbacks in liquidation plan July 06, 2011 09:09 AM ET WASHINGTON (Reuters) - Banks and other large financial companies that could be seized and liquidated by the U.S. government are balking at a proposed plan they argue gives regulators too much power to snatch back executives' pay if their institutions fail. | Full Article US Airways sees 2011 capacity up 1 percent July 06, 2011 09:34 AM ET CHICAGO (Reuters) - US Airways Group expects its 2011 total capacity to rise about 1 percent. | Full Article HEALTH NEWS Review raises questions over benefits of cutting salt Does Botox help neck pain? FDA seeks to ease confusion on supplements EU bans Egyptian seeds over deadly E.coli outbreak Many U.S. heart stents inappropriate: study RELATED VIDEO Indian minister in gay backlash North Chile shivers under snow Giant dust storm hits Arizona A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Guards bag prisoner in Mexico suitcase jailbreak Full Article School found using bomb as bell Austrian youths find, turn in more than 10,000 euros Investigators turn to final vault at treasure temple Sleepy in Siberia cured by "charming" Chechnya Motorcyclist crashes in helmet law protest, dies - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend