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Tuesday, February 10, 2015

Business Today: Futures rise after report of Greek debt extension

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Futures rise after report of Greek debt extension
NEW YORK (Reuters) - U.S. stocks climbed on Tuesday after two straight declining sessions, with index futures jumping after a report of a proposal for a 6-month debt extension for Greece as negotiations continued.
U.S. oil output 'party' to last to 2020: IEA
LONDON (Reuters) - The United States will remain the world's top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth.
Coca-Cola profit beats as North America soda sales pick up
(Reuters) - Coca-Cola Co reported a better-than-expected profit as sales in North America, its biggest market, rose for the first time in four quarters, offsetting the impact of a stronger dollar on its overseas business.
HSBC could face U.S. legal action over Swiss accounts
LONDON/ZURICH/WASHINGTON (Reuters) - HSBC Holdings Plc faces investigation by U.S. authorities and an inquiry by British lawmakers after admitting failings by its Swiss private bank that may have allowed some customers to dodge taxes.
Goldman: Jack of all trades, not master of one - CEO
NEW YORK (Reuters) - Goldman Sachs Group Inc is trying to convince investors that its business model is more eclectic than meets the eye.
EU targets interim Greek debt deal by next week
BRUSSELS (Reuters) - The European Union is aiming to clinch an interim debt deal with Greece at a meeting of euro zone finance ministers on Monday, with "low expectations" for a breakthrough at meetings of ministers and EU leaders this week.
Oil falls as IEA warns stocks may approach all-time high
LONDON (Reuters) - Brent crude fell below $58 a barrel on Tuesday after the International Energy Agency (IEA) warned that oil prices may decline as stocks continue to increase this year.
China January inflation hits five-year low
BEIJING (Reuters) - China's annual consumer inflation hit a five-year low in January while factory deflation worsened, underscoring deepening weakness in the economy and heaping pressures on policymakers to inject more stimulus to underpin growth.
U.S. warns G20 against using exchange rates to boost exports
ISTANBUL (Reuters) - The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth.
Canon to buy video surveillance leader Axis for $2.8 billion
TOKYO/STOCKHOLM (Reuters) - Canon Inc made a 23.6 billion-Swedish-crown ($2.83 billion) offer for network video surveillance leader Axis AB on Tuesday -- the biggest purchase ever for the Japanese firm trying to expand beyond a shrinking camera market.
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