Business Today: Stock futures up on hope for central bank action

		Click to View in Browser 08/7/2012 Stock futures up on hope for central bank action NEW YORK (Reuters) - Stock index futures edged higher on Tuesday, pointing to a third straight day of gains on Wall Street, bolstered by expectations the European Central Bank will act soon to contain the bloc's credit crisis. Iran accusations wipe $16 billion off Standard Chartered shares (Please be advised that paragraph 9 contains reference to language that some readers may find offensive) Citi may take $6 billion charge on MSSB valuation: Barclays (Reuters) - Citigroup Inc may have to a take a charge of almost $6 billion in the current quarter on a markdown of its valuation of the retail brokerage business it owns with Morgan Stanley , Barclays Capital said. Italy's recession pain stretches to a year ROME (Reuters) - Italy shrank further into recession in the second quarter for a 2.5 percent yearly decline, data showed on Tuesday, threatening attempts by Mario Monti's technocrat government to control a debt crisis that is undermining the whole euro zone. Knight shares rise; analysts say sharp discount is sensible (Reuters) - Knight Capital Group Inc shares rebounded on Tuesday after a rescue deal that undercut existing investors and left a number of open questions about the embattled firm's valuation and plans. Heineken bid for Tiger Beer faces Thai challenge SINGAPORE (Reuters) - Heineken's $6 billion bid to take full control of Tiger Beer maker Asia Pacific Breweries faces a challenge from a group led by Thai billionaire Charoen Sirivadhanabhakdi, which has put in a higher bid to increase its stake in APB. Euro zone pain hits German industry orders in June BERLIN (Reuters) - German industrial orders fell more than expected in June as domestic and euro zone demand faltered, indicating the single currency bloc's debt crisis is taking its toll on Europe's largest economy. Spanish, Italian yields bounce as caution sets in LONDON (Reuters) - Spanish and Italian short-term government bond yields rose on Tuesday as caution took over after a strong rally fuelled by the prospect of the European Central Bank buying the two countries' debt. InterContinental to return $1 billion from hotel sales LONDON (Reuters) - InterContinental Hotels , the world's biggest hotelier, cheered investors by promising to return $1 billion to them funded from the planned sale of a New York hotel and added its flagship London Park Lane hotel is set to be next on the block. Number of firms operating in Spain hits 5-year low MADRID (Reuters) - The number of companies operating in Spain fell for a fourth straight year in 2011 to a five-year low, according to data on Tuesday, highlighting the impact of the global crisis that has tipped the country into recession and made one in four jobless. Related Video U.S. Morning Call: StanChart falls on Iran allegations U.S. demands pound of flesh for StanChart Iran "violations" Economic News Fed's Rosengren favors more bond purchases: New York Times As elections loom, Fed's Fisher sees policy minefield A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend