Tokyo  Nikkei  9816.09  +0.19%
Seoul   KOSPI  2100.69  +0.30%
Shanghai SSEC  2762.08  +1.23%
Hong Kong HSI 22398.10  +1.53%
Singapore STI  3120.44  +1.32%
Mumbai    BSE 18845.87  +0.81%
Sydney   AORD  4659.80  +1.75% 
  
1. Asia Stocks Gain for 3rd Day
The MSCI Asia Pacific Index advanced 1.4% and headed to its highest close since June 1 on easing concern about Greece's debt woes. Hong Kong's Hang Seng Index climbed 1.5% while China's Shanghai Composite Index rose 1.2%.
 
2. Trio of China Banks Ranked in Global Top 10
Industrial and Commercial Bank of China ranks in 6th place (up from 7th last year), China Construction Bank is 8th (from 15th), as Bank of China comes in 9th (from 14th) in The Banker magazine's latest Top 1,000 list.
 
3. S Korea Cuts Growth Forecast to 4.5%
The 2010 growth prediction was originally estimated at 5%. The country also raised the inflation forecast to 4% from 3%. May production increased by 8.3% from a year earlier.
 
4. TEPCO Reduces Loan Cost by a Third
The nuclear plant operator lowered the average interest rate on its US$42B of long term loan to 0.992% in FY2011, from 1.551% a year earlier. It received the loan after the Mar quake in order to maintain operation.
 
5. BYD Soars 41% on China Debut
Shares of the Chinese automaker, backed by US billionaire Warren Buffett, soared 41% to close at US$3.94 on its trading debut in Shenzhen. Shares listed in Hong Kong ended up about 6%. 
 
6. Daewoo Shipyard Receives US$400M Order
The S Korean shipbuilder will manufacture 2 liquefied natural gas carriers for a Greek firm. The vessels can each handle 159,800 cubic meters of LNG and will be delivered by the first half of 2014.
 
7. Philippine Plans to Narrow 2012 Deficit
The country hopes to cut next year's budget deficit to 2.6% of gross domestic product or about US$6.6B. Its deficit is expected to be at 3% of GDP this year or about US$7B.
 
8. Thai Pension Fund to Double Bond Investment
The US$16B fund aims to increase its holdings in foreign debt securities to 10% of total assets by the end of this year, up from the current 5%. It will also lower investments in shares of Thai companies to about 9% from 10%.
 
9. Former Taiwan President Charged with Embezzling US$7.79M
Lee Teng-hui has been indicted on a charge of embezzlement from a state fund. Lee served as president between 1988 and 2000. Chen Shui-bian, who succeeded Lee in 2000, is serving a 17-year jail term for a series of corruption charges..
 
10. HK Police Arrest Birmingham City Owner
Carson Yeung, 51-year-old owner of Birmingham City football club in UK, has been arrested in connection with money laundering involving US$92M. Yeung was granted bail but ordered to surrender his travel documents and not allowed to leave Hong Kong..