20100615 1710 Global Market News.

June 15 (Bloomberg) --BP Plc, whose potential liability for the Gulf of Mexico oil spill has lawmakers and analysts raising the specter of bankruptcy, would be unlikely to avoid paying claims by seeking court protection, restructuring experts said. The spill, the worst in U.S. history, threatens wetlands, wildlife, fishing and tourism in five states. BP has spent more than $1.43 billion to stop the leak and clean it up, and to compensate local businesses and residents since the April 20 explosion of the Deepwater Horizon oil rig.

Asian shares slip as Moody's downgrades Greece
HONG KONG, June 15 (Reuters) - Asian stocks slipped, snapping a five-day winning streak, as worries about Europe's debt problems returned after Greece was downgraded to junk status, a move which also stymied the euro's rally.
"I believe we are yet to feel the full impact of Europe's debt crisis," said David Taylor, a market analyst at CMC Markets in Australia.