Business Today: Futures drop after Empire State data

Click to View in Browser 06/15/2012 Futures drop after Empire State data NEW YORK (Reuters) - Stock futures edged lower after a gauge of manufacturing in New York state fell to its lowest level since November and was well below expectations. NY Fed manufacturing growth slowed in June NEW YORK (Reuters) - A gauge of manufacturing in New York state fell sharply in June but still showed growth, the New York Federal Reserve said in a report on Friday. Central banks reach for their guns over Greek vote FRANKFURT/LONDON (Reuters) - Central banks from Tokyo to London checked their ammunition on Friday in preparation for any turmoil from Greece's election, with the European Central Bank hinting at an interest rate cut and Britain set to open its coffers. Hard for Spain to share pain with bank bondholders MADRID (Reuters) - The high level of ordinary Spaniards owning bonds in the country's banks will make it politically difficult to impose losses on debt-holders after a bailout of the banks, meaning the government and its rescuers could have to foot more of the bill. EU to rule on Siemens, Areva probe next week BRUSSELS (Reuters) - EU regulators will decide next week whether to accept concessions offered by Germany's Siemens and France's Areva to end an investigation into their former nuclear power joint venture, the EU's antitrust chief said. Former Marfin boss says Cyprus to blame for crisis LONDON/NICOSIA (Reuters) - The former chairman of a bank blamed for driving Cyprus towards a possible European Union bailout has accused his critics, including Cypriot officials, of causing the island's financial crisis. China January-May FDI down, but May a bright spot BEIJING (Reuters) - China's foreign direct investment inflows fell 1.9 percent in the first five months of 2012 from a year earlier amid jitters about Europe's debt crisis and a slowdown in the world's second-largest economy, but a slight upturn in May offered signs of stability. Britain's recession woes deepen as exports slump LONDON (Reuters) - Britain's goods trade deficit unexpectedly widened in April as exports plunged, raising the threat of a third quarter of economic contraction and adding urgency to new measures to foster growth as trading partners in the euro zone weaken. Norway finalizes first F-35 fighter order OSLO (Reuters) - Norway placed its first firm order for Lockheed Martin's F-35 Joint Strike Fighter on Friday in a big victory for a program troubled by cost overruns, production delays and order cuts. Insight: Russian bid for UK refinery brings controversy MOSCOW/LONDON (Reuters) - A former Russian energy minister has emerged as sole bidder for a bankrupt British oil refinery, and controversy over his past deals with distressed assets may be overlooked in last-ditch efforts to rescue the plant and up to 900 jobs. Related Video It's not just euro zone debt: Oxfam's G20 wakeup call U.S. Morning Call: Wall Street set to open higher Economic News Data points to soft U.S. economy, possible Fed action Most say Bush to blame for weak U.S. economy, poll finds A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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 - 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