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Thursday, June 20, 2013

Business Today: End to Fed stimulus, China slowdown spark world sell-off

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06/20/2013
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End to Fed stimulus, China slowdown spark world sell-off
LONDON (Reuters) - Clear signals from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to slower growth in China sparked sharp falls in bonds, shares and commodities on Thursday.
Jobless claims up, but firming labor market tone intact
WASHINGTON (Reuters) - More Americans than expected filed new claims for unemployment benefits last week, but still not enough to signal a material shift from the recent pace of moderate job growth.
Stock futures fall in wake of Fed's stimulus wind-down outline
NEW YORK (Reuters) - Stock futures fell on Thursday, adding to a more than 1 percent drop in U.S. equities a day earlier, after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market's rally.
China, euro zone threaten U.S.-led economic recovery
LONDON (Reuters) - Factory output in China, the world's second largest economy, weakened to a nine-month low in June, combining with a continued recession in the euro zone to threaten a global recovery led by the United States.
UK's new watchdog tells banks to raise another $20.4 billion
LONDON (Reuters) - Britain's banks will have to raise 13 billion pounds ($20.4 billion) of extra capital and meet new a new cap on lending ahead of international peers as the Bank of England seeks to curb risk in the financial sector.
Ex-UBS, Citi trader Hayes in UK court on Libor charges
LONDON (Reuters) - Former UBS and Citigroup trader Tom Hayes appeared in a London court on Thursday accused of conspiracy to defraud in connection with a global investigation into the Libor interest rate rigging scandal.
Exclusive: Airbus offers 'regional' A350 - sales chief
PARIS (Reuters) - Airbus is offering airlines a shorter-range "regional" version of its A350-900 passenger jet, sales chief John Leahy told Reuters at the Paris Airshow on Thursday.
As Glencore grows, investors ask about life after Ivan
LONDON (Reuters) - Glencore Xstrata boss Ivan Glasenberg, a former coal trader who has been at the helm for over a decade, is known for his pre-dawn runs, cut-throat competitiveness and a grueling travel schedule that shows no signs of slowing.
Exclusive: British investors step back from executive pay battle
LONDON (Reuters) - Investors in Britain's largest companies have rowed back on the protests over pay which most readily symbolized public distaste over perceived corporate greed during last year's 'shareholder spring'.
Airbus bags firm orders worth $39 billion at show
PARIS (Reuters) - European planemaker Airbus clinched deals for another 90 planes on Thursday, taking its total orders and commitments at the Paris Airshow to 466 aircraft worth $68.7 billion at list prices.
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