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Monday, June 11, 2012

Business Today: Futures up on Spain, but concerns remain

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06/11/2012
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Futures up on Spain, but concerns remain
NEW YORK (Reuters) - Futures rose on Monday after euro zone finance ministers agreed on an aid package to help Spain, but futures were off their highs as concerns persisted about the global growth outlook.
Insight: Demand soaring for pension transfers to insurers
BOSTON/NEW YORK (Reuters) - Last week's deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the American insurance market that had been bouncing along the bottom in recent years.
OECD indicator sees weakness spreading to Asia
PARIS (Reuters) - There are signs that the economies of two of the world's leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes, the latest report from the OECD showed on Monday.
China loans rise could show government steps gain traction
BEIJING (Reuters) - China's bank lending in May rose more than expected, suggesting fast-tracked infrastructure projects were creating loan demand and that measures to counter a sharpening economic slowdown may be taking affect.
India could be 1st BRIC to lose investment grade: S&P
MUMBAI (Reuters) - Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country.
Tesco's UK sales fall as recovery plan struggles
LONDON (Reuters) - Tesco , the world's third-biggest retailer, reported a drop in underlying first-quarter British sales on Monday, as a recovery plan following its shock profit warning in January struggles to gain traction.
Merkel strongly backs financial market tax: spokesman
BERLIN (Reuters) - German Chancellor Angela Merkel is convinced of the need for a European financial transaction tax and will raise the issue at a meeting later in June with the leaders of Spain, France and Italy, a government spokesman said on Monday.
Samsung denies interest in Nokia
HELSINKI (Reuters) - Samsung Electronics denied it was interested in acquiring Nokia , sending shares in the Finnish mobile phone company down 2 percent.
BP in flux over spill payment, Russia exit plan
LONDON (Reuters) - BP shareholders face months of uncertainty over the value of their holdings as two multibillion-dollar issues hang over the future of the British oil company.
Insight: Google goes softly-softly on European antitrust
BRUSSELS (Reuters) - Google is searching for the answer to a four-billion-dollar question: can a new, gentler approach from a U.S. tech giant persuade the European Union to be more lenient in competition cases?
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