Business Today: Futures edge up ahead of Fed announcement

Click to View in Browser 06/20/2012 Futures edge up ahead of Fed announcement NEW YORK (Reuters) - Stock futures edged up on Wednesday after a four-day string of gains ahead of the conclusion of the U.S. Federal Reserve's two-day policy meeting. Recovery risks may stir Fed to action WASHINGTON (Reuters) - With economic storm clouds gathering abroad and signs the U.S. recovery is flagging, the Federal Reserve may feel compelled on Wednesday to launch a new round of monetary stimulus. Japan, China to import Iran oil after EU ban TOKYO (Reuters) - At least two of Asia's four top buyers of Iranian crude will keep imports flowing, though at overall reduced rates, as they find ways around an EU ban on insuring tankers carrying the Islamic country's oil. G20 backs Europe's overhaul to fight crisis LOS CABOS, Mexico (Reuters) - Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy. P&G cuts growth targets as China slows LONDON (Reuters) - Slower growth in China and tough markets in Europe and the United States prompted Procter & Gamble , the world's largest household product maker, to cut its growth forecasts on Wednesday in the midst of a $10 billion cost-cutting program. Analysis: Greece may still become an emerging market - again LONDON (Reuters) - Greece is still at risk over the long term of becoming the first economy to be relegated from developed to emerging market status within investment indices, even if it has fended off any immediate exit from the euro zone. Rosneft says mulls foray into U.S. stock market ST PETERSBURG, Russia (Reuters) - Russia's top crude producer Rosneft is looking into a possibility of entering the U.S. stock market, the company's influential Chief Executive Officer Igor Sechin said on Wednesday. Spanish short-term debt costs reach alarm levels MADRID/ATHENS (Reuters) - Spain lurched closer to becoming the largest euro zone country yet to be shut out of credit markets when it had to pay a euro era record price to sell short-term debt on Tuesday. Bank of England on verge of new money boost LONDON (Reuters) - The Bank of England is close to launching a new round of monetary stimulus because of the worsening euro zone crisis, according minutes of its last policy meeting, which showed officials split 5-4 on the move, with Governor Mervyn King in favor. Dimon says JPMorgan was honest with shareholders WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon insisted his bank was upfront with investors about its recent multibillion-dollar trading loss, as regulators examine whether JPMorgan hid a dramatic rise in risk-taking. Related Video 3XSQ: Fed in a twist over U.S. recovery Market Pulse: Don't go long euro betting on Fed - analyst Economic News Recovery risks may stir Fed to action June home builder sentiment highest in five years: NAHB 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