The Other Side of Life 24/7: Business Today: Futures lower on China data, Greek debt worry

Monday, February 9, 2015

Business Today: Futures lower on China data, Greek debt worry

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02/9/2015

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Futures lower on China data, Greek debt worry

NEW YORK (Reuters) - U.S. stock index futures were lower on Monday, in the wake of disappointing economic data out of China and signs of rising tensions surrounding Greek debt negotiations.

Oil over $58 as OPEC raises demand forecast for its crude

LONDON (Reuters) - Brent crude prices rose above $58 a barrel on Monday after OPEC forecast demand for its oil would be greater than expected in 2015 and the number of U.S. oil rigs hit a three-year low.

U.S. banks say soaring dollar puts them at disadvantage: WSJ

(Reuters) - Big U.S. banks say that a proposed Federal Reserve rule on higher capital requirements would penalize them if the dollar remains strong against the euro, as it would make their dollar-denominated assets and operations look larger relative to their European peers, the Wall Street Journal reported.

EU warns Greece: don't assume euro zone will accept your demands

NAUEN, Germany/ATHENS (Reuters) - The European Union's chief executive warned Greeks on Monday not to expect the euro zone to bow to leftist Prime Minister Alexis Tsipras' demands in a growing confrontation over Athens' debt crisis.

G20 plan for investment targets faces stiff opposition

ISTANBUL (Reuters) - Group of 20 finance officials look likely to reject a proposal to set countries specific investment targets to spur a global economy which looks increasingly reliant on the United States for growth.

GM extends top lawyer's stay as search for successor still ongoing

DETROIT (Reuters) - General Motors Co said it has extended the tenure of its top lawyer, whose department was criticized over how it handled the issue of the automaker's defective ignition switch linked to more than 50 deaths, and the search for a replacement is ongoing.

HSBC admits Swiss bank failings over client taxes

LONDON/ZURICH (Reuters) - British bank HSBC Holdings Plc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.

McDonald's January worldwide sales fall more than expected

(Reuters) - McDonald's Corp's worldwide same-restaurant sales fell a steeper-than-expected 1.8 percent in January, as the company fights to win back diners around the world and shake off the after-effects of a supplier scandal in China.

Hasbro reports lower-than-expected holiday quarter sales

(Reuters) - Hasbro Inc reported lower-than-expected holiday quarter revenue, hurt by a strong dollar and a decline in sales in its games and girls toys businesses.

Exclusive: BlackRock to ramp up impact investing

(Reuters) - BlackRock Inc is planning an array of new investment products that will allow clients to invest in addressing large societal issues, such as global hunger or poverty, an executive at the New York-based firm said.