Business Today: Stock futures flat; oil rout looks to weigh on energy

		Click to View in Browser 11/28/2014 Stock futures flat; oil rout looks to weigh on energy NEW YORK (Reuters) - U.S. stock index futures were mostly flat on Friday, as the market's recent upward bias looked to continue in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low. Saudis block OPEC output cut, sending oil price plunging VIENNA (Reuters) - Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low. Japan may expand air bag recalls; worried about impact on industry TOKYO (Reuters) - Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace Takata Corp air bags if Takata complies with a U.S. order to recall cars across the United States rather than just in humid regions. Standard Chartered hit with first S&P downgrade in 20 years LONDON (Reuters) - Ratings agency Standard & Poor's (S&P) cut its credit rating on Standard Chartered for the first time in 20 years on Friday, citing the "tough period" the Asia-focused bank was going through and its weaker credit-worthiness. Kinder Morgan loses bid to extend injunction against Canada protesters VANCOUVER (Reuters) - Kinder Morgan Energy Partners LP said on Thursday that it would clear its equipment and crews off a mountain in the Vancouver suburb of Burnaby by month-end, after it lost a bid to extend an injunction keeping protesters away from the site. BMW not interested in buying stake in Tesla - Wirtschaftswoche FRANKFURT (Reuters) - Germany's BMW is not interested in buying a stake in U.S. electric carmaker Tesla Motors , German weekly WirtschaftsWoche reported on Friday, citing a BMW statement. World investors cut stocks and hold cash as uncertainty dominates LONDON (Reuters) - World investors eased back on their exposure to risk assets such as stocks as they grappled with divergent monetary policies and multi-speed growth paths among major world economies, a global poll shows. Putin expects oil prices to find balance by middle of 2015 SOCHI, Russia (Reuters) - Russian President Vladimir Putin said on Friday he was confident the oil market would find its balance by the middle of next year. Poor performance catching up with active stock fund managers BOSTON (Reuters) - Stock-picking fund managers are testing their investors' patience with some of the worst investment returns in decades. ECB's Nouy says banks must show they can make profits LONDON (Reuters) - Euro zone banks that failed or scrapped through this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top banking supervisor said. Related Video Breakingviews: Oil stock fears overdone Clouds gather over euro zone Economic News Japan inflation slows in October, highlights challenge facing Abe Japan bond yield goes negative as BOJ faces oil threat 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