Market news: Asia media round-up

Chinese exports fell 22% year-on-year in April, figures show, while Australia’s national budget deficit is forecast to balloon to US$44 billion in 2009-10. Separately, oil breaks through the US$60 a barrel barrier, Bank Of America raises US$7.3 billion by selling part of its stake in CCB, and Taiwan’s economics minister pours cold water on China Mobile’s bid to buy a 12% stake in Far EasTone.