Business Today: Stock futures edge up after G20

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Good Morning Robert, MON 28 Jun 2010 
 
Stock futures edge up after G20
Do-little G20 summit leaves markets unperturbed
Central banks warn of new crisis if exit left too late
Consumer spending and incomes rise in May
BP oil spill costs hit $100 million/day
Global banking system not yet on solid footing
G20 push for IMF voting power deal by November
G20 delays new bank rules to safeguard recovery
Air China to buy 20 Boeing planes for $1.4 billion
Actions more important than deficit goals: IMF chief


Stock futures edge up after G20
June 28, 2010 08:29 AM ET
NEW YORK (Reuters) -Stock index futures edged higher on Monday after global leaders pledged to tackle government deficits and investors looked ahead to earnings and economic data for a rebound after Wall Street's steep decline last week.

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Do-little G20 summit leaves markets unperturbed
June 28, 2010 08:26 AM ET
PARIS (Reuters) - Stock markets perked up on Monday after world leaders failed to agree on a global bank levy and softened the timetable for new capital requirements at a do-little G20 summit in Canada which posed questions about the forum's effectiveness.

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Central banks warn of new crisis if exit left too late
June 28, 2010 08:24 AM ET
BASEL, Switzerland (Reuters) - Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession may create the next crisis, the Bank for International Settlements said.

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Consumer spending and incomes rise in May
June 28, 2010 08:34 AM ET
WASHINGTON (Reuters) - Consumer spending rose slightly more than expected in May even as savings touched their highest level in eight months, a government report showed on Monday.

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BP oil spill costs hit $100 million/day
June 28, 2010 08:36 AM ET
LONDON (Reuters) - BP said it had spent $300 million on its Gulf of Mexico oil spill response effort in the past three days, hitting the $100 million/day spend rate for the first time and bringing its total bill to $2.65 billion so far.

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Global banking system not yet on solid footing
June 28, 2010 06:19 AM ET
BASEL, Switzerland (Reuters) - The world's banks are still not out of the woods despite recent multi-billion profits as writedowns on loans loom and funding pressures remain high, the Bank for International Settlements said.

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G20 push for IMF voting power deal by November
June 27, 2010 09:40 PM ET
TORONTO (Reuters) - Group of 20 leaders pledged on Sunday to push for agreement on greater voting power for emerging economic powers in the International Monetary Fund by the next summit in Seoul, South Korea, in early November.

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G20 delays new bank rules to safeguard recovery
June 28, 2010 12:43 AM ET
TORONTO (Reuters) - The G20 has agreed to give banks more time to adopt tougher global rules in a concession that the body tasked with coordinating reforms said would both safeguard the recovery and ultimately lead to stronger banks.

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Air China to buy 20 Boeing planes for $1.4 billion
June 27, 2010 09:19 PM ET
HONG KONG (Reuters) - Air China said late on Friday that it would buy 20 Boeing 777-800 airplanes for $1.4 billion.

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Actions more important than deficit goals: IMF chief
June 27, 2010 08:46 PM ET
TORONTO (Reuters) - The head of the International Monetary Fund, Dominique Strauss-Kahn, said on Sunday the G20 nations' target to halve their deficits by 2013 was not as important as the measures they implement to reduce debt.

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