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DENVER - THE flight of a home-made helium balloon that sparked a frantic rescue attempt for the young boy thought to be aboard was a publicity-seeking hoax, a Colorado sheriff said on Sunday.

Larimer County Sheriff Jim Alderden said the parents of 6-year-old Falcon Heene would likely face charges in the bizarre incident, which riveted television viewers across the United States freshwater pearl for more than two hours on Thursday.

The airship took to the skies on Thursday morning and Richard and Mayumi Heene claimed that their son had climbed aboard, touching off a massive search and rescue operation as the odd silver craft drifted for 50 miles, trailed by US National Guard helicopters and the boy was found not in the flying saucer-shaped craft but safe at home.

'It has been determined that this is a hoax, that it was freshwater pearl jewlelry a publicity stunt,' Mr Alderden told a press conference.

'We believe we have evidence at this point to indicate that it was a publicity stunt done with the hopes of better marketing themselves for a reality television show at some point in the future,' he said.

Mr Alderden said the parents would likely be charged with swing machines conspiracy, contributing to the delinquency of a minor, making a false police report and attempting to influence a public servant.

LONDON - BRITAIN'S recovery from recession will be slow and painful, with growth unlikely to hit one per cent in 2010, a report out on Monday warned.

The recovery will be a drawn out, bumpy ride, according cultured pearl jewelry the influential Independent Treasury Economic Model (ITEM) Club economic forecasting group of auditors Ernst and Young.

The club said the emergence from recession would be hampered by world economic uncertainties, government tax increases and lending restrictions.

'The outlook for the next 12 months is certainly looking wholesale pearl jewelry more positive than the last year,' said Professor Peter Spencer, chief economist to the ITEM Club, adding: 'But it is going to be a bumpy ride, particularly once the government starts to cut back.

'Policy will begin to tighten in early-2010 with the restoration of valued added tax to 17.5 per cent; an end to the stamp duty holiday on housing; an increase in national insurance leisure chairs contributions; the introduction of the new 50 pence tax (50 per cent upper tax rate) and a programme of spending restraint. But these measures only provide a fraction of the extra income needed to close the government deficit.'

SYDNEY - ENERGY group Chevron on Monday announced a new natural gas discovery off Western Australia that will help support the massive Gorgon liquefied natural gas (LNG) project.

Chevron, Shell and ExxonMobil last month agreed to wholesale pearl jewelry develop the Gorgon field, spending some A$43 billion (S$55 billion) in the initial construction phase of the country's largest-ever resources development.

The energy giant said gas was found in about 100 metres of the 4,500 metres drilled in the Achilles-1 exploration well which lies about 160 kilometres offshore.

'The success of our drilling programme will multi-strands pearl necklace provide multi-strands pearl necklace additional natural gas to underpin the Gorgon and Wheatstone projects,' Chevron Australia managing director Roy Krzywosinski said in a statement.

The Gorgon project, expected to begin production in 2014, is designed to be an important source of energy for Asia's burgeoning economies.

It is already supported by supply contracts with pearl strand wholesale China, Japan, India and South Korea worth a combined A$145 billion

THE equities industry has gained tremendously because of the global financial crisis, said the head of a key stockbroking company in Singapore.

Investors - faced with near-zero bank deposit interest rates and fewer alternative options for their funds - have turned to stocks in a big way.

This trend is set to continue, even as Western funds swing machines are expressing more interest in Asian stocks.

DBS Vickers chairman and chief executive Edmund Lee told The Straits Times: 'Our industry has benefited in a very big way, because there are only two asset classes that have performed in the cultured freshwater pearl last 12 months - equities and property.'

His company was named the best retail broker at the Securities Investors Association of Singapore (Sias) awards earlier this month.

In Singapore, the surge in the Straits Times Index (STI) bears witness to the renewed interest and liquidity in stocks. Last week, the index hit a 13-month high, crossing the 2,700-point mark. It wholesale pearl jewelry has recouped all of the losses incurred since the sharp selldown following the collapse of Lehman Brothers.

HONG KONG - ASIAN stock markets were mostly higher on Monday as investors looked to earnings from major US companies and data from China for guideposts to the strength of recovery in two major economies.

In Hong Kong, the Hang Seng added 85.70 points, or naughty castles 0.4 per cent, to 22,015.60; China's Shanghai index rose 1.4 per cent to 3,017.97, while markets in South Korea, Taiwan and Thailand were modestly higher.

In Japan, the Nikkei 225 stock average shed 18.07 points, or 0.2 per cent, to 10,239.49. Australia and Singapore stocks also traded lower.

In oil, benchmark crude for November delivery rose as much as 52 cents to US$79.05 a barrel but later fell back and was up 24 cents at US$78.77 in Asian trade. The contract added 95 cents freshwater pearl earrings on Friday.

The dollar lost ground to 90.79 yen from 91 yen. The euro dropped to US$1.4874 from US$1.4891.

US futures pointed to a lower start on Wall Street Monday. Dow futures were down 9, or 0.1 per cent, at 9,915. Friday on Wall Street, the Dow fell 67.03, or 0.7 per cent, to9,995.91. The broader S&P 500 index fell 8.88, or 0.8 per cent, to1,087.68, and the Nasdaq composite index fell 16.49, or 0.8 per cent, to 2,156.80. -- AP

TOKYO - Japanese share prices ended narrowly mixed on freshwater pearl jewlelry Monday after Wall Street finished last week on a cautious note in response to lacklustre corporate earnings news.

The benchmark Nikkei-225 index fell 21.05 points, or 0.21 percent, to 10,236.51. The broader Topix index of all first section shares rose 4.85 points, or 0.54 per cent, to 905.80.