Business Today: Futures edge up; durable goods, housing data on tap

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Good Morning Aron, FRI 24 Sep 2010    Futures edge up; durable goods, housing data on tap Durable goods orders fall as business spending rises Petrobras raises $70 billion in largest offering ever Japan suspected of yen intervention, doubts arise Obama asks Wen for more action on yuan HSBC power struggle forces top team shake-up BHP clears first Potash hurdle but other barriers remain Banks sell $2 billion worth of China Mobile stake: report Deals return in Q3, but outlook still cautious Special report: BRIC breaking: Brazil's China syndrome Petrobras sale hits record $70 bln Car wars Obama prods Wen on currency Futures edge up; durable goods, housing data on tap September 24, 2010 08:30 AM ET NEW YORK (Reuters) - U.S. stock index futures rose on Friday in a rebound following the S&P 500 index's drop below a key technical level at 1,130, as investors awaited a batch of economic data for more clues on the state of the U.S. economy. Full Article Durable goods orders fall as business spending rises September 24, 2010 08:33 AM ET WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods fell more than expected in August to post their largest decline in a year as bookings for aircraft and motor vehicles tumbled, but business spending rebounded strongly, a government report showed on Friday. Full Article Petrobras raises $70 billion in largest offering ever September 24, 2010 04:15 AM ET SAO PAULO (Reuters) - Brazilian state oil company Petrobras raised $70 billion on Thursday in the world's biggest share offering, giving the company the financial muscle it needs to tap vast offshore oil reserves. Full Article Japan suspected of yen intervention, doubts arise September 24, 2010 07:51 AM ET TOKYO (Reuters) - A sudden slide in the yen against the dollar on Friday stirred suspicions Japanese authorities intervened for a second time this month to try to prevent the currency's strength from worsening a faltering recovery. Full Article Obama asks Wen for more action on yuan September 24, 2010 07:53 AM ET NEW YORK (Reuters) - President Barack Obama urged Chinese Premier Wen Jiabao on Thursday to take rapid steps to address a dispute over the value of China's currency and made clear the United States would protect its economic interests. Full Article HSBC power struggle forces top team shake-up September 24, 2010 07:34 AM ET HONG KONG/LONDON (Reuters) - A dramatic upheaval among HSBC's top management after a boardroom row has left the bank scrambling to limit damage to its reputation but unlikely to alter its increasing focus on Asia. Full Article BHP clears first Potash hurdle but other barriers remain September 24, 2010 01:17 AM ET SYDNEY/TORONTO (Reuters) - BHP Billiton cleared the first regulatory hurdle in its bid for Canada's Potash Corp but the miner still has a long way to go to pass the deal with Canadian authorities and the target's shareholders. Full Article Banks sell $2 billion worth of China Mobile stake: report September 24, 2010 07:16 AM ET SINGAPORE (Reuters) - Joint bookrunners Goldman Sachs , Morgan Stanley and UBS have sold about $2 billion worth of their remaining positions in China Mobile Ltd after a $6.5 billion block sale failed to clear the market at the first attempt, IFR reported on Friday. Full Article Deals return in Q3, but outlook still cautious September 24, 2010 07:47 AM ET PHILADELPHIA (Reuters) - Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, with stable activity in the United States and growth in emerging markets offsetting a drop in European dealmaking. Full Article Special report: BRIC breaking: Brazil's China syndrome September 24, 2010 08:08 AM ET SORRISO/NOVO HAMBURGO, Brazil (Reuters) - Even among emerging market powerhouses, Brazil and China stand out. Full Article

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