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Thursday, March 21, 2013

Business Today: Wall Street flat ahead of slew of data

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03/21/2013
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Wall Street flat ahead of slew of data
NEW YORK (Reuters) - Stock futures were little changed on Thursday as investors awaited a batch of data for a better assessment of the economy while keeping an eye on the financial health of Cyprus.
Jobless claims point to improving labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits edged higher last week, but a trend reading dropped to its lowest in five years and pointed to ongoing healing in the labor market.
ECB gives Cyprus bailout ultimatum, banks face cutoff
NICOSIA/FRANKFURT (Reuters) - The European Central Bank gave Cyprus until Monday to raise billions of euros to clinch an international bailout or face losing emergency funds for its banks and inevitable collapse.
Rosneft says completes deals to acquire TNK-BP
MOSCOW (Reuters) - Rosneft said on Thursday it had closed the acquisition of TNK-BP , making it the world's largest listed crude producer with BP as a major shareholder.
Exclusive: Euro zone call notes reveal extent of alarm over Cyprus
BRUSSELS (Reuters) - Euro zone finance officials acknowledged being "in a mess" over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse of the Cypriot economy.
Pay strike grounds 40 percent of Lufthansa flights
FRANKFURT (Reuters) - Lufthansa canceled close to 40 percent of its flights on Thursday as staff went on strike on the eve of wage talks with the German airline, which is trying to cut costs to compete with Middle East and low-cost carriers.
Regulator finds flaws in Deutsche Bank's Libor supervision
FRANKFURT (Reuters) - German markets watchdog Bafin is set to tell Deutsche Bank of "organizational flaws" in how it supervised its contribution to the setting of inter-bank lending rates at the heart of the international rate-rigging scandal, sources familiar with the watchdog's investigation said.
Standard Chartered says it made false comments on sanction breaches
LONDON (Reuters) - Standard Chartered Chairman John Peace apologized on Thursday for inaccurate comments he made earlier this month about his bank breaching U.S. sanctions over Iran.
Analysis: Brazil bond investors expect inflation to stay high
SAO PAULO (Reuters) - No matter how tough Brazil's central bank talks about inflation, bond investors are not buying it.
EADS CEO predicts more defense industry consolidation
BRUSSELS (Reuters) - The chief executive of European aerospace firm EADS , Tom Enders, predicted more defense industry consolidation on Thursday as he painted a gloomy picture of the outlook for the European defense industry.
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