Tuesday Papers: Bernanke suggests there's going to be no double-dip recession in US -- other news

 * Dow  falls 115 points, or 1.16%, to 9,816, S&P 500 loses 1.35% and Nasdaq dips 2.04% 

 * US Federal Reserve chairman Ben Bernanke suggests there is going to be no double-dip recession in US

 * Fears over global economy hit sentiment as euro and US Treasury yields hit fresh lows

 * Head of Organisation for Economic and Co-Operative Development says countries must tell markets how they plan to trim their deficits and balance their budgets to maintain investor confidence

 * German chancellor Angela Merkel spells out €80 billion spending cuts, which includes 15,000 public sector job losses

 * Spanish public sector workers are set to strike in protest against a 5% cut in pay that comes into effect this month

 * IMF has told the eurozone bloc to speed up budget cuts or risk eroding the confidence of financial markets

 * Finance ministers from the eurozone countries reach key mechanism for rescue package

 * High street sales bounced back in May, but customers are still wary of purchasing big ticket items, according to the British Retail Consortium

 * Assets under management in the UK fund industry reaches their highest point on record in April, according to Investment Management Association

 * The global manufacturing sector will continue to lead job creation in the third quarter of year, according to Manpower survey

 * Airlines are recovery everywhere but Europe, according to the International Air Transport Association