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Monday, June 30, 2014

Business Today: Wall Street to open flat, quarter set to end positive

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06/30/2014
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Wall Street to open flat, quarter set to end positive
NEW YORK (Reuters) - U.S. stocks were set to open little changed on Monday ahead of business activity and home sales data, with the S&P 500 and Nasdaq Composite indexes set to close a sixth straight quarter of gains - a streak not seen in more than 14 years.
U.S. government to unveil near $9 billion fine for France's BNP: sources
PARIS/NEW YORK (Reuters) - The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France's biggest bank, sources familiar with the matter said.
ECB to wait for June measures to bite as inflation stays low
BRUSSELS/ FRANKFURT (Reuters) - Euro zone inflation remained stuck at levels last seen during the 2009 recession and lending to companies and households contracted again, data showed on Monday, further highlighting the bloc's feeble economic state.
Boeing, Airbus enter bids for $1.38 billion South Korean refueling plane order: sources
SEOUL (Reuters) - Boeing and Airbus were among three bidders in South Korea's roughly 1.4 trillion won ($1.38 billion) program to buy four refueling tanker aircraft, two people briefed on the matter said on Monday.
World investors see rates staying low and put faith in stocks: Reuters poll
LONDON (Reuters) - Global investors put more money into stocks in June favoring the United States and Britain where economic recovery is gathering pace over other developed markets, a Reuters poll showed on Monday.
Euro zone loans slump, ECB waits for new measures to kick in
FRANKFURT (Reuters) - Lending to households and firms in the euro zone contracted more sharply in May than a month earlier, highlighting the economic weakness in the bloc that the ECB sought to address with a bundle of measures earlier this month.
China to maintain current account surplus in near term: SAFE
BEIJING (Reuters) - China will maintain a current account surplus in the near-term, while keeping it at low level, China's foreign exchange regulator said on Monday.
BlackRock ETFs near $1 trillion as it loses market share to Vanguard
NEW YORK (Reuters) - Even as BlackRock Inc is set to amass $1 trillion in exchange-traded fund assets in its iShares business, U.S. retail investors increasingly prefer to send their money to low-cost leader Vanguard Group, highlighting a weak spot for the world's biggest money manager.
Global M&A at seven-year high as big corporate deals return
NEW YORK (Reuters) - Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years.
Following long ban, U.S. could dominate global light oil supply
NEW YORK (Reuters) - After decades of isolation, the United States is set to become a major player in the global trade of ultra light oil as recent government export approvals attract interest across the world.
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