Business Today: Stock futures pare gains after GDP data

		Click to View in Browser 06/26/2013 Stock futures pare gains after GDP data NEW YORK (Reuters) - Stock futures slightly pared gains on Wednesday after the final read on first-quarter gross domestic product came in weaker than expected. U.S. first-quarter growth cut to 1.8 percent WASHINGTON (Reuters) - U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports. Share, bonds rebound after soothing central bank talk, gold slumps LONDON (Reuters) - World stocks and bonds had a second day of big gains on Wednesday, lifted by healthy U.S. data, moves by China to calm banking sector fears and supportive signals from Europe's central banks. China's central bank calms markets, but tighter policy looms SHANGHAI (Reuters) - China's financial markets calmed down on Wednesday after days of turmoil thanks to the central bank's pledge to prevent a credit crunch, but stocks struggled as investors braced for tougher conditions in the world's second-largest economy. Marc Rich, legendary commodities trader, dies LONDON (Reuters) - Marc Rich, father of modern oil trading and founder of the group that became Glencore Xstrata , has died at the age of 78, the head of his philanthropic foundation said on Wednesday. Britain sugars austerity pill with infrastructure boost LONDON (Reuters) - British finance minister George Osborne unveiled a new round of spending cuts on Wednesday, but promised to pump some of the savings straight back into the economy to counter charges of excessive austerity. Standard Chartered brushes off China fears after stronger quarter LONDON (Reuters) - Standard Chartered brushed off fears that a slowdown in China's economy would hit the Asia-focused lender hard and said it would meet analysts' expectations for the full-year following an improved second-quarter. U.S. tops confidence survey on foreign investment, displaces China NEW YORK (Reuters) - After a 12-year hiatus, the United States reclaimed first place among top executives in a survey on foreign direct investment sentiment, displacing China as it makes progress toward sustainable and steady economic growth, a study showed on Wednesday. BoE warns banks of risk of sharp global interest rate rise LONDON (Reuters) - The Bank of England warned banks and borrowers on Wednesday about risks from a potential abrupt rise in global interest rates, and said banks might need to further bolster their capital cushions to protect against this. Peabody, Glencore Xstrata slash Australian coal mining jobs PERTH (Reuters) - Peabody Energy Corp and Glencore Xstrata will cut around 500 mining jobs in Australia, a company official and trade publication said on Tuesday, as a global glut in coal supply pushes down prices. Related Video U.S. Morning Call: Microsoft to open new 'Windows' Daily Digit: Gold near 3 year low Economic News U.S. first-quarter growth cut to 1.8 percent U.S. tops confidence survey on foreign investment, displaces China 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