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Wednesday, December 12, 2012

Business Today: Stock futures gain as investors anticipate fresh Fed stimulus

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12/12/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Stock futures gain as investors anticipate fresh Fed stimulus
NEW YORK (Reuters) - Stock futures rose on Wednesday, setting Wall Street up for a sixth day of gains, as investors anticipated the U.S. Federal Reserve will announce a fresh stimulus plan to support the economy at the end of a two-day monetary policy meeting.
Import prices post biggest fall in five months
WASHINGTON (Reuters) - Import prices recorded the biggest drop in five months in November as food and fuel costs tumbled, keeping inflation pressures subdued against the backdrop of weak economic activity.
Outlook remains cloudy for "fiscal cliff" deal
WASHINGTON (Reuters) - More public jousting in the "fiscal cliff" talks is expected from Democrats and Republicans on Wednesday in what has become a daily ritual of demanding more specific proposals to avert the steep tax hikes and budget cuts set for the end of the year.
With Germany on side, EU nears banking union deal
BRUSSELS/BERLIN (Reuters) - Germany signaled on Wednesday it was ready to back plans for the European Central Bank to be made the chief supervisor of banks, raising the prospect of a breakthrough on the European Union's most ambitious financial reform.
HSBC: How Simple Became Complicated, and costly
LONDON (Reuters) - HSBC takes its name from its roots as the Hongkong and Shanghai Banking Corporation, but there has long been a joke inside and outside the firm that the name stands for "How Simple Became Complicated".
British unemployment claims fall unexpectedly
LONDON (Reuters) - The number of Britons claiming unemployment benefits fell unexpectedly in November and the number of people in work hit a record high, data showed, raising prospects the labor market will support a moribund economy.
Nasdaq to buy Thomson Reuters' PR, IR units
(Reuters) - Nasdaq OMX Group Inc said on Wednesday it would buy the investor relations, public relations, and multimedia solutions units of Thomson Reuters Corp for $390 million in cash to build its portfolio of products and services that do not depend on trading to generate revenue.
EU approves budget for 2013, more money for 2012
STRASBOURG, France (Reuters) - EU lawmakers gave final approval on Wednesday for a European Union budget of nearly 133 billion euros ($172 billion) for 2013, removing some uncertainty around the bloc's future funding after talks on spending for 2014-2020 broke down.
Greece wants extra funds to buy back all bonds offered
ATHENS (Reuters) - Greece on Wednesday asked its foreign lenders for extra money to complete a bond buyback that forms part of its bailout, with policymakers and analysts calling the scheme a success even though it narrowly missed its debt reduction target.
Rosneft finalizes deal to buy TNK-BP stake from AAR
MOSCOW (Reuters) - State oil major Rosneft has finalized a deal to buy 50 percent of Russian peer TNK-BP from the AAR consortium for $28 billion, sealing the country's largest takeover.
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