- (Bloomberg) -- Standard & Poor’s threat that it may cut Italy’s credit rating risks fanning contagion among debt- laden European countries as Greece fends off speculation that it’s headed to a restructuring.
- China’s April sugar imports rose to 160,000 tons, up nearly 10 x YoY
- Fitch Ratings cut Greece’s long-term rating to B-plus from BB-plus and placed all ratings on Rating Watch Negative
- The Spanish Socialist (PSOE) party of Jose Luis Rodriguez Zapatero suffered a crushing defeat in the local and regional elections held in Spain this Sunday
- Statistics Canada said Friday that Canada's annual inflation rate kept at 3.3 % in April, matching March.
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