Business Today: Stock futures up after Spanish debt sale, data eyed

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Good Morning Robert, THU 17 Jun 2010 
 
Stock futures up after Spanish debt sale, data eyed
Swiss parliament approves UBS-U.S. tax deal
Spain may use 30 billion euros for bank restructuring
China warns finger-pointing could derail G20
U.S. banks may end free checking accounts: report
iPhone 4 sets record sale pace despite gaffe
EU works on economic policy coordination in crisis
Wall Street bill likely to preserve Fed independence
Yuan is overvalued, not undervalued: report
BP cuts dividend and capex to pay for oil spill


Stock futures up after Spanish debt sale, data eyed
June 17, 2010 08:01 AM ET
NEW YORK (Reuters) - Stock index futures rose on Thursday as anxiety eased over Spain's sovereign debt and investors awaited key jobs and economic activity data expected to show the recovery is slowly on track.

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Swiss parliament approves UBS-U.S. tax deal
June 17, 2010 07:48 AM ET
ZURICH (Reuters) - Switzerland's parliament backed a Swiss-U.S. tax treaty crucial to the future of UBS AG, ending months of uncertainty over the deal and paving the way for renewed recovery at the Swiss bank.

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Spain may use 30 billion euros for bank restructuring
June 17, 2010 07:37 AM ET
MADRID (Reuters) - Spain may use as much as 30 billion euros of its Fund for Orderly Bank Restructuring (FROB) to cover the financing needs of its banks, the Economy Minister Elena Salgado said on Thursday. The FROB, created to help the banking sector, can issue up to 99 billion euros to aid credit institutions.

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China warns finger-pointing could derail G20
June 17, 2010 07:33 AM ET
BEIJING (Reuters) - Finger-pointing at the G20 will be self-defeating for an international forum that should be focused on coordination, not criticism, of economic policies, a senior Chinese government official said.

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U.S. banks may end free checking accounts: report
June 17, 2010 12:55 AM ET
(Reuters) - Bank of America Corp and other U.S. banks may introduce new fees on basic services and eliminate free checking to replace revenue lost to new banking regulations, the Wall Street Journal said.

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iPhone 4 sets record sale pace despite gaffe
June 17, 2010 12:27 AM ET
LOS ANGELES/NEW YORK (Reuters) - Sales of Apple Inc's latest iPhone blew away expectations in its first day on the market despite shortages and an embarrassing online ordering glitch that thwarted many shoppers.

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EU works on economic policy coordination in crisis
June 17, 2010 08:26 AM ET
BRUSSELS (Reuters) - European Union leaders moved toward agreement on Thursday on ways to strengthen budget discipline and economic policy coordination among the 27 member states to contain a euro zone debt crisis.

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Wall Street bill likely to preserve Fed independence
June 16, 2010 10:11 PM ET
WASHINGTON (Reuters) - After suffering sustained criticism of its role in the financial crisis, the Federal Reserve looked set on Wednesday to emerge from an overhaul of financial regulations with its jealously guarded independence intact.

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Yuan is overvalued, not undervalued: report
June 16, 2010 10:10 PM ET
BEIJING (Reuters) - China's currency is probably overvalued, not undervalued as Washington complains, a state-run Chinese newspaper said on Thursday, advancing Beijing's push against U.S. demands to loosen up the yuan.

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BP cuts dividend and capex to pay for oil spill
June 16, 2010 04:59 PM ET
LONDON (Reuters) - Oil giant BP said it would not pay three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.

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