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Thursday, August 9, 2012

Business Today: Stock futures hold flat after data

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08/9/2012
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 hold flat after data
NEW YORK (Reuters) - Stock index futures held near the unchanged mark after data showed weekly jobless claims unexpectedly fell last week and the trade deficit was the smallest in 1-1/2 years.
Weekly jobless claims unexpectedly fall last week
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits unexpectedly fell last week, government data showed on Thursday, suggesting a modest improvement in the labor market.
June trade deficit smallest in 1-1/2 years on oil prices
WASHINGTON (Reuters) - The U.S. trade deficit in June was the smallest in 1-1/2 years as lower oil prices curbed imports, according to government data on Thursday that suggested an upward revision to second-quarter growth.
Standard Chartered begins fightback on Iran allegations
WASHINGTON/LONDON (Reuters) - Cowboy local regulator or the exposer of lax federal bureaucrats?
China factory output disappoints, more stimulus seen
BEIJING (Reuters) - China's factory output growth slowed unexpectedly in July to its weakest in more than three years, underlining stiff global headwinds that may prompt policymakers to take more action to keep growth on track to meet a 7.5 percent annual target.
Exclusive: Greece to revive public servants dismissal plan - sources
ATHENS (Reuters) - Greece will revive the labor reserve measure targeting 40,000 public servants for eventual dismissal, determined to achieve the 11.5 billion ($14.14 billion) euros in savings it promised international lenders, government officials said on Thursday.
Irish consumer sentiment hits two-year high in July
DUBLIN (Reuters) - Irish consumer sentiment hit a two-year high in July on more positive economic news in Ireland and as fears of a major escalation of the euro zone debt crisis receded.
Greece says will get aid tranche after review in mid-September
ATHENS (Reuters) - Greece expects to get its next tranche of international aid immediately lenders give their final verdict in mid-September on progress made under its bailout program, a deputy finance minister said on Thursday.
JPMorgan files formal first-quarter restatement
(Reuters) - JPMorgan Chase & Co filed a formal restatement of its first-quarter results on Thursday to reflect its conclusion that the values of derivatives positions on a London trading desk were originally overstated.
Surprise industrial slump adds to India's economic woes
NEW DELHI (Reuters) - India's industrial output fell for the third time in four months in June, adding to pressure on new Finance Minister Palaniappan Chidambaram to move quickly and pull Asia's third-largest economy from its worst slowdown in almost a decade.
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