Business Today: Stock futures point to strong open after China yuan move

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Good Morning Robert, MON 21 Jun 2010 
 
Stock futures point to strong open after China yuan move
China unshackles yuan ahead of G20
BP oil spill costs hit $2 billion
Barclays bosses to take stand in Lehman row
UK to dodge Greek fate with tough budget: Osborne
JPMorgan eyes Brazilian hedge fund: report
Liberty Media to split off Capital and Starz units
Landry's CEO gets key shareholder vote for buyout: report
Corn Products buys AkzoNobel unit for $1.3 billion
BHP, Rio get iron ore JV nod from Western Australia


Stock futures point to strong open after China yuan move
June 21, 2010 08:36 AM ET
NEW YORK (Reuters) - Stocks were poised to rally at the open on Monday as China's vow to allow a flexible yuan invigorated optimism in the global recovery and raised the outlook for sales in the long term at U.S. multinationals.

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China unshackles yuan ahead of G20
June 21, 2010 08:30 AM ET
SHANGHAI (Reuters) - China's yuan surged on Monday by the most of any day since its landmark revaluation in 2005, sending a clear signal ahead of this weekend's G20 summit that Beijing is keeping to its word and allowing greater currency flexibility.

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BP oil spill costs hit $2 billion
June 21, 2010 07:54 AM ET
LONDON (Reuters) - Oil giant BP said on Monday the cost of its response to the Gulf of Mexico oil spill had hit $2 billion and that it had paid out $105 million in damages to those affected by the disaster.

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Barclays bosses to take stand in Lehman row
June 21, 2010 05:38 AM ET
LONDON/NEW YORK (Reuters) - Barclays Plc's top two executives will this week tell a New York court the British bank did not get an unfair windfall from a deal for parts of Lehman Brothers in a case that shows the need for banks to draw up "living wills."

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UK to dodge Greek fate with tough budget: Osborne
June 21, 2010 06:27 AM ET
LONDON (Reuters) - The biggest threat to Britain's economy is its huge budget deficit, and an emergency budget on Tuesday will save the country from the fate of debt-stricken Greece, British finance minister George Osborne said on Sunday.

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JPMorgan eyes Brazilian hedge fund: report
June 21, 2010 03:24 AM ET
LONDON (Reuters) - JPMorgan Chase is in talks to buy a large Brazilian asset management company, the Financial Times reported in its Monday edition.

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Liberty Media to split off Capital and Starz units
June 21, 2010 03:25 AM ET
NEW YORK (Reuters) - Liberty Media Corp, the media conglomerate controlled by mogul John Malone, said on Sunday it plans to spin-off two of its units -- investment arm Liberty Capital and pay TV and Hollywood studio unit Liberty Starz .

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Landry's CEO gets key shareholder vote for buyout: report
June 21, 2010 02:07 AM ET
(Reuters) - Landry's Restaurants Inc Chief Executive Tilman Fertitta's $1.4 billion bid for the seafood restaurant operator received the support of a crucial shareholder on Sunday, the Wall Street Journal said, citing a person familiar with the matter.

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Corn Products buys AkzoNobel unit for $1.3 billion
June 21, 2010 04:15 AM ET
AMSTERDAM (Reuters) - U.S.-based Corn Products International will buy the National Starch business of Dutch paints firm AkzoNobel for $1.3 billion in cash, completing the Dutch firm's delayed sale of non-core businesses.

Full Article
BHP, Rio get iron ore JV nod from Western Australia
June 21, 2010 08:33 AM ET
SYDNEY (Reuters) - Rio Tinto and BHP Billiton moved closer to a $116 billion iron ore joint venture after the Western Australia government approved the plan in return for payment of higher mining royalties, a deal that undermines Prime Minister Kevin Rudd's planned mining super tax.

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