• Asian markets were mostly higher Tuesday; Taiwan up 1.2% on Cabinet reshuffle.
• China plans to offer 6B yuan ($879M) of government bonds in Hong Kong
• China showcases commercial jet at Asia air show
• China 2009 vehicle sales may rise 28% on stimulus, probably surpassing US.
• ECB says significant contraction in euro-zone economy has ended; rates unchanged.
• G-20 finance chiefs propose banks curb bonuses, increase capital holdings.
• Gold rises to $1,000 an ounce for first time in 6 months on Dollar drop.
• Group of 20 largest economies agree that the global economy is stabilizing.
• Jobless recovery in US may boost company profits as productivity surges.
• Oil rises above $69 before OPEC summit as weaker dollar boosts commodities
• Russia is surpassing Saudi Arabia in oil exports: Putin exploits OPEC production cuts
• UN calls for new global reserve currency to fix broken 'confidence game'.
• Yen gains versus Euro as trade figures, drop in stocks spur safety demand.
• Abu Dhabi's ATIC agreed to buy Chartered Semiconductor for $1.8B, in cash.
• AIG could move quickly to spin off 2 life insurance units, if market timing seems right.
• Air France plans to cut about 1,500 jobs through voluntary departures.
• Cadbury may fetch $21B if Nestle, Hershey top Kraft Food's $16.7B bid.
• Deutsche Telekom, France Telecom SA agreed to merge their U.K. units.
• Group of Microsoft rivals nears patent deal in bid to protect Linux.
• HSBC Holdings submits bid for ING Groep NV's private banking assets.
• Nestle expects sales growth in China to exceed 20% in 2009.
• Rio Tinto isn't negotiating with China over benchmark iron ore prices, prices on hold.
• Royal Dutch Shell plans to accelerate its restructuring plans, more job cuts ahead.
• Severstal recorded net loss of $289.53M in Q2; revs slip 55.1% to $2.85B.
• Telefonica SA to pay $1B to boost its stake in China Unicom to 8.06% from 5.38%.
• Toshiba plans to acquire power transmission and distribution arm of Areva for $5B.
• WTO ruled that Airbus received illegal subsidies from European governments.

Economic Calendar: Data on Consumer Credit to be released today.
Earnings Calendar: AVAV, CASY, CHP, FCEL, FLOW, PBY, SFD.

Recent Egan-Jones Rating Actions:
DEVON ENERGY CORP (DVN)
SWIFT ENERGY CO (SFY)
CONAGRA FOODS INC (CAG)
MANITOWOC CO INC/THE (MTW)
CHIQUITA BRANDS INTERNATIONAL INC (CQB)
DEL MONTE FOODS CO (DLM)
MASTEC INC (MTZ)
CIENA CORP (CIEN)
SPX CORP (SPW)
THOMAS & BETTS CORP (TNB)
THERMO FISHER SCIENTIFIC INC (TMO)
MANITOWOC CO INC/THE (MTW)
BEAZER HOMES USA INC (BZH)

Data provided by Egan-Jones Ratings And Analytics