Business Today: Stock futures trim declines after data

		Click to View in Browser 06/14/2013 Stock futures trim declines after data NEW YORK (Reuters) - Stock futures trimmed losses after data showed producer prices rose more than expected in May as gasoline prices rebounded, though underlying inflation pressures remained muted. Producer prices rise as gasoline rebounds WASHINGTON (Reuters) - Producer prices rose more than expected in May as gasoline prices rebounded, but underlying inflation pressures remained muted, which could argue against an early scaling back of monetary stimulus by the Federal Reserve. Smithfield profit plunges on drop in exports (Reuters) - Hog producer Smithfield Foods Inc , the subject of a $4.7 billion bid from China's Shuanghui International Holdings, reported a 63 percent fall in net profit as exports to China and Russia fell due to certification issues. Current account widens in first quarter WASHINGTON (Reuters) - The current account deficit widened in the first quarter to $106.1 billion, a government report showed on Friday. EU seeks to ease French fears over Hollywood in U.S. trade talks LUXEMBOURG (Reuters) - EU states sought to reassure France on Friday that its culture would be shielded from the might of Hollywood and Silicon Valley, urging Paris not to block a free-trade deal with the United States that could boost transatlantic business. Airbus's newest aircraft, A350, takes off on maiden flight TOULOUSE, France (Reuters) - Europe's newest jetliner, the Airbus A350, successfully began its maiden flight on Friday, stepping up a battle with arch-rival Boeing for sales of a new generation of sleek, lightweight passenger planes. Singapore reprimands 20 banks after benchmark rate review SINGAPORE (Reuters) - Singapore's central bank has censured 20 banks on Friday after it found traders in the city state tried to manipulate benchmark borrowing and currency rates, and has ordered them to set aside additional reserves for a year. Royalty says most Elan shareholders to reject acquisition deals DUBLIN (Reuters) - U.S. investment firm Royalty Pharma said on Friday it expects the majority of takeover target Elan's shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday. Euro zone inflation subdued as employment keeps falling BRUSSELS (Reuters) - Inflation in the euro zone rose from a three-year low in May, but remained low enough for the European Central Bank to act to boost an economy which is shedding jobs at an increasing rate. Bank of England's Tucker to leave after losing out to Carney LONDON (Reuters) - Bank of England Deputy Governor Paul Tucker, beaten to the central bank's top job by Mark Carney, will stand down later this year, giving the Canadian an early chance to start reshaping the BoE's upper echelons. Related Video U.S. Morning Call: World shares steady after huge selloff Market Pulse: Investors - "childish, irrational and naive"? Economic News Producer prices rise as gasoline rebounds Current account widens in first quarter 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