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Monday, October 13, 2014

Business Today: Futures little changed after selloff; Ebola stocks jump

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Futures little changed after selloff; Ebola stocks jump
NEW YORK (Reuters) - U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns.
European stocks reverse losses but markets wary over growth
LONDON (Reuters) - European stocks reversed early losses on Monday as airline shares gained after crude oil prices fell to near a four-year low, though broad dollar weakness and a jump in gold signaled investor concern over global economic health.
Fiat Chrysler crowns merger with Wall Street debut
MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.
Statoil exits Shah Deniz gas project with stake sale to Petronas
OSLO (Reuters) - Statoil exited Azerbaijan's Shah Deniz gas project on Monday, selling a 15.5-percent stake to Malaysia's Petronas [PETRA.UL] for $2.25 billion as part of asset sales to shore up returns to shareholders.
China trade data eases slowdown fears, more stimulus may still be needed
BEIJING (Reuters) - China's surprisingly strong trade performance in September may reduce the chances of aggressive policy action such as an interest rate cut, but the prospects of a prolonged property slump suggests more measures are still needed to shore up the economy.
ECB's Praet: banks' health check to rebuild confidence in sector
MUNICH (Reuters) - European Central Bank Executive Board member Peter Praet said on Monday he expected a financial health check the European Central Bank is conducting of top banks in Europe to return confidence to the sector.
U.S. banks ramp up credit card lending but margins may suffer
NEW YORK (Reuters) - As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses.
Exclusive - Privately, Saudis tell oil market: get used to lower prices
LONDON/NEW YORK (Reuters) - Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch.
Bank of England's Carney says euro zone weakness will not dictate policy
LONDON (Reuters) - Euro zone weakness will be only one factor that helps to determine when the Bank of England raises interest rates, Governor Mark Carney said in media interviews broadcast on Monday.
Commerzbank set to pass ECB bank stress test: sources
FRANKFURT (Reuters) - Preliminary discussions between Germany's Commerzbank and the European Central Bank have given the German lender no reason to believe its capital will fall below the minimum levels required in the euro zone's landmark bank tests, two sources familiar with the talks told Reuters.
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