- California's unemployment rate climbed to 11.5% in May
- Moody's issued a downgrade warning to California.
- YoY Thailand's exports fell 26.6% to $11.7 billion
- Mexico cut interest rates to 4.75 %
- Canada’s retail sales fell 0.8% in April.
- (WSJ) The U.S. and Switzerland agreed to share information on potential tax evaders.
- (WSJ) Chinese regulators have ordered Google to suspend search services for foreign Web sites via its Chinese Web site, a Xinhua report said.
- (Reuters) - A "distressingly slow" U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, makes it unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.
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