Business Today: Futures down after Portugal cut, China rate hike

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	07/6/2011
Good Morning Aron LATEST NEWS Futures down after Portugal cut, China rate hike NEW YORK (Reuters) - Stock index futures fell on Wednesday after Moody's downgrade of Portugal's credit rating to "junk" and China's interest rate rise triggered unease about global growth prospects. | Full Article China raises rates, shrugs off slowing growth July 06, 2011 07:26 AM ET BEIJING (Reuters) - China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as its vast economy gently eases. | Full Article Portuguese downgrade darkens euro zone rescue hopes July 06, 2011 08:22 AM ET LONDON/PARIS (Reuters) - The downgrading of freshly bailed-out Portugal's credit rating to "junk" shocked financial markets Wednesday and cast new doubt on European efforts to rescue distressed euro zone states without debt restructuring. | Full Article Exclusive: AirAsia plans to boost Airbus deal July 06, 2011 07:41 AM ET KUALA LUMPUR (Reuters) - AirAsia has drawn up plans to buy an extra 100 Airbus A320neo jets, potentially taking its record-breaking order to 300, a source with direct knowledge of ongoing discussions said. | Full Article UK's Cameron calls for probe into phone hacking July 06, 2011 08:38 AM ET LONDON (Reuters) - British lawmakers will hold an emergency debate on Wednesday over a phone-hacking scandal at a top-selling newspaper that has prompted calls for the resignation of a well-connected Rupert Murdoch executive and provoked a public outcry that could damage the paper's sales. | Full Article US TOP NEWS Strauss-Kahn lawyers to meet prosecution: report July 06, 2011 07:16 AM ET WASHINGTON (Reuters) - New York prosecutors are scheduled to meet with the lawyers for former IMF chief Dominique Strauss-Kahn on Wednesday to discuss whether the sexual assault case against him can be resolved through a dismissal or a plea agreement, The New York Times reported. | Full Article China pledges to clean up local government debt July 06, 2011 08:36 AM ET BEIJING (Reuters) - China pledged on Wednesday to take steps to clean up hundreds of billions of dollars in local government debt, seeking to defuse concerns that a wave of defaults could derail the world's No.2 economy and hobble its state-run banks. | Full Article Obama to meet Congress leaders Thursday on debt July 05, 2011 07:27 PM ET WASHINGTON (Reuters) - President Barack Obama rejected proposals on Tuesday for a short-term deal to raise the U.S. debt limit and pressured congressional leaders to reach a broad agreement within two weeks to avoid a government default by August 2. | Full Article White House: Geithner has not told Obama he wants to go July 06, 2011 06:03 AM ET WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner has not told President Barack Obama he would like to leave after a debt ceiling deal is reached, White House spokesman Jay Carney said on Tuesday. | Full Article Roger Clemens perjury trial begins July 06, 2011 06:28 AM ET WASHINGTON (Reuters) - The perjury trial of Roger Clemens begins on Wednesday with the selection of 12 jurors charged with deciding if the former baseball star lied when he said he never took drugs to boost his pitching as he aged. | Full Article HEALTH NEWS Review raises questions over benefits of cutting salt Does Botox help neck pain? FDA seeks to ease confusion on supplements EU bans Egyptian seeds over deadly E.coli outbreak Many U.S. heart stents inappropriate: study RELATED VIDEO Nuclear renaissance not derailed by Fukushima disaster Tackling young people's savings crisis Japan's "divorce ceremonies" up A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Guards bag prisoner in Mexico suitcase jailbreak Full Article School found using bomb as bell Austrian youths find, turn in more than 10,000 euros Investigators turn to final vault at treasure temple Sleepy in Siberia cured by "charming" Chechnya Motorcyclist crashes in helmet law protest, dies - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend