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Thursday, July 10, 2014

Business Today: U.S. jobless claims fall, point to healing in labor market

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07/10/2014
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
U.S. jobless claims fall, point to healing in labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to one of its lowest levels since before the 2007-09 recession, a sign of increasing health in the labor market.
Stock futures fall sharply on Portuguese, Italian woes
NEW YORK (Reuters) - U.S. stock index futures fell sharply on Thursday as European shares tumbled on growth concerns after weak data out of Italy and concern over the health of Portugal's top listed bank.
Boeing sees $5.2 trillion jet market, win versus Airbus on twin-aisles
NEW YORK (Reuters) - Boeing Co made its most bullish 20-year forecast for jetliner demand since 2011, saying on Thursday the world will need 36,770 new planes worth $5.2 trillion by 2033.
Adidas 2 Nike 0 in World Cup final but competition goes on
BERLIN (Reuters) - With Adidas sponsoring both teams in Sunday's World Cup final, the German sportswear brand has declared victory over U.S. rival Nike in the latest round of its battle to remain the biggest global soccer brand.
Exclusive: Commerzbank may pay $600 million-$800 million to settle U.S. probe - sources
NEW YORK (Reuters) - German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
Fed independence questioned as Republicans ramp up pressure
WASHINGTON (Reuters) - A surge of Republican pressure is bringing the Federal Reserve's long-held independence into question again, as conservative lawmakers seek to place the U.S. central bank under tougher scrutiny.
Emerging market fund managers ignore borders, chase profits
BOSTON (Reuters) - U.S. emerging market fund managers are paying less attention to where a company is located or listed than to whether it's making money, either as an advanced world company doing business in the developing world, or the other way around.
China June trade data misses forecasts, doubts over economy linger
BEIJING (Reuters) - China's trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilize the economy and meet its 2014 growth target.
Exclusive: Russia sets new banking rules for state firms amid downturn
MOSCOW (Reuters) - Russian state companies, the backbone of the economy, can only have accounts at banks with capital of no less than 10 billion rubles ($296 million) or at those with ties to the government, a senior finance ministry official said on Thursday.
Exclusive: UAE bourses merger shelved as terms not agreed - sources
ABU DHABI (Reuters) - A planned merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday.
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