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Monday, August 4, 2014

Business Today: Futures rise after selloff with earnings in focus

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08/4/2014
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Futures rise after selloff with earnings in focus
NEW YORK (Reuters) - U.S. stock index futures bounced back on Monday following the largest weekly decline on the S&P 500 since 2012, as a scant U.S. economic calendar kept the focus on earnings and Portugal was poised to bail out its largest publicly traded bank.
European bank relief lifts stocks, lowers bond yields
LONDON (Reuters) - European stocks rose on Monday and bond yields fell on a banking sector rebound after Portugal prevented the collapse of one of its biggest lenders and shares in the continent's largest bank jumped in the wake of its latest earnings report.
GE's Immelt says Ex-Im bank closure would hurt US-Africa trade: FT
(Reuters) - Trade ties between the United States and Africa will be hit if the U.S. Congress decides to close the Export-Import bank, the Financial Times reported General Electric Co Chief Executive Jeff Immelt as saying.
HSBC says reform pressures unprecedented as profits drop
LONDON (Reuters) - Europe's largest bank HSBC warned on Monday that a growing body of international regulations was putting its staff under unprecedented pressure and discouraging them from taking risks.
McDonald's to resume full menu in Beijing, Guangzhou this week
HONG KONG/SHANGHAI (Reuters) - McDonald's Corp , which has over 2,000 restaurants in China, will restore its full menu in some Chinese cities this week, a fortnight after a food safety scandal forced the company to halt the sale of staples such as Big Macs and Spicy McWings.
China regulator says Microsoft should not obstruct anti-trust probe
BEIJING (Reuters) - Microsoft Corp should not obstruct an anti-trust investigation by Chinese regulators, the State Administration for Industry and Commerce (SAIC) said on Monday, the latest shot fired by China's government at the U.S. software giant.
China repeats promise to increase investment, speed up reforms
BEIJING (Reuters) - China will increase investment in areas including the property sector, while authorities will advance wide-ranging economic reforms such as changing the fiscal and pricing systems, the country's powerful economic planning agency said on Monday.
Will Europe's banking "big bang" loosen lending?
PARIS (Reuters) - In the biggest advance in European integration since the launch of the euro in 1999, the European Central Bank will take charge of supervising banks from Helsinki to Lisbon in November after subjecting their books to unprecedented scrutiny.
Exclusive: Goldman group set to buy message system as alternative to Bloomberg - sources
NEW YORK (Reuters) - Wall Street firms led by Goldman Sachs Group Inc are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar with Goldman's plans said.
Iliad may face tough battle cutting costs at T-Mobile
WASHINGTON (Reuters) - French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts said.
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