Business Today: Stock futures rise on renewed hope for Fed action

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Good Morning Aron, MON 11 Oct 2010    Stock futures rise on renewed hope for Fed action CNOOC tests U.S. with $1.1 billion Chesapeake bid Microsoft readies new phone launch with AT&T South Korea's Lee warns of big trouble if FX accord fails Two teams try lining up Potash Corp bids: reports BlackRock sees capital controls on hot money Newsweek and the Daily Beast in merger talks: report Fast yuan revaluation no panacea: China's Zhou Fed's Rosengren: Tougher dividend rules needed China must cap yuan rise this year: PBoC researcher Teachers, Sinochem plot to foil BHP China leads gains; inflows continue The day ahead: Oct. 9, 2010 Stock futures rise on renewed hope for Fed action October 11, 2010 08:03 AM ET NEW YORK (Reuters) - Stock index futures rose on Monday as expectations intensified the U.S. Federal Reserve would take further action to bolster the economic recovery. Full Article CNOOC tests U.S. with $1.1 billion Chesapeake bid October 11, 2010 08:30 AM ET HONG KONG/NEW YORK (Reuters) - China's top offshore oil producer CNOOC Ltd agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the market for the first time since its 2005 failed bid for Unocal. Full Article Microsoft readies new phone launch with AT&T October 11, 2010 08:25 AM ET NEW YORK (Reuters) - Microsoft Corp is set to unveil a new line of phones running its Windows software on Monday, as it attempts to pull back market share from Apple Inc's iPhone and Google Inc's Android system in the fast-growing market for multi-featured 'smartphones'. Full Article South Korea's Lee warns of big trouble if FX accord fails October 11, 2010 02:47 AM ET SEOUL (Reuters) - South Korean President Lee Myung-bak warned that a failure by G20 economies to find a solution soon to disputes about foreign exchange policy could cause significant problems for the world economy. Full Article Two teams try lining up Potash Corp bids: reports October 11, 2010 07:58 AM ET MUMBAI/LONDON (Reuters) - Reported fresh attempts to outdo BHP Billiton's $39 billion bid for Canadian group Potash Corp look unwieldy, analysts said, suggesting the world's biggest miner still has the field to itself. Full Article BlackRock sees capital controls on hot money October 11, 2010 05:52 AM ET TAIPEI (Reuters) - BlackRock Inc , the world's biggest asset manager, expects many countries to impose capital controls on "hot money" and sees the foreign fund flows to Asia that have pushed up regional currencies continuing for the next six months. Full Article Newsweek and the Daily Beast in merger talks: report October 11, 2010 01:48 AM ET (Reuters) - U.S. weekly magazine Newsweek and the Daily Beast news website are exploring possibilities to combine their operations and the likelihood of a deal is increasing, the Wall Street Journal said, citing people familiar with the discussions. Full Article Fast yuan revaluation no panacea: China's Zhou October 10, 2010 06:59 PM ET WASHINGTON (Reuters) - Demands that China rapidly revalue its yuan currency are akin to seeking a magic cure to a problem that requires a slow-working, herbal remedy, the country's central bank governor, Zhou Xiaochuan, said on Sunday. Full Article Fed's Rosengren: Tougher dividend rules needed October 10, 2010 06:33 PM ET WASHINGTON (Reuters) - A more proactive supervisory policy forcing banks to cut dividend payouts in times of stress may help shield the economy from future credit shocks, Boston Federal Reserve Bank President Eric Rosengren said on Sunday. Full Article China must cap yuan rise this year: PBoC researcher October 10, 2010 10:41 PM ET BEIJING (Reuters) - China must set a ceiling of 3 percent for yuan appreciation this year to protect exporters, a researcher with the central bank said in remarks published on Monday. Full Article

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