Business Today: Futures point to bounce after Thursday selloff

		Click to View in Browser 06/22/2012 Futures point to bounce after Thursday selloff NEW YORK (Reuters) - Stock futures rose on Friday, indicating the benchmark S&P 500 index may rebound from its second-worst decline of the year. Moody's tilts playing field towards safe haven banks LONDON (Reuters) - Downgrades by ratings agency Moody's will make funding more expensive for banks that rely the most on capital markets, while reinforcing the competitive advantage of "safe haven" banks that can fund themselves from stable customer deposits. "Pretty high hurdle" to QE3: Fed's Bullard NEW YORK (Reuters) - Federal Reserve policymakers still see a "pretty high hurdle" before they would unleash a third round of quantitative easing, or QE3, a top Fed official said on Friday. Analysis: ECB reluctant to follow suit after Fed twists again FRANKFURT (Reuters) - Investors are clamoring for a "shock and awe" crisis response from the European Central Bank akin to the massive money printing in the United States and Britain, but the ECB seems far from following suit despite the euro zone's spreading turmoil. Shell may replace Total in Shtokman: report LONDON (Reuters) - Russia will change the composition of a consortium to develop the giant Shtokman gas field, bringing in oil major Royal Dutch Shell in place of France's Total and keeping Norway's Statoil , a report said on Friday. Whole EU backs bank oversight role for ECB: Welt BERLIN (Reuters) - All 27 countries in the European Union will support giving the European Central Bank a bigger supervisory role for the bloc's banking system at next week's summit, German newspaper Die Welt reported on Friday, citing EU diplomats. Euro's big four seek way out of crisis in Rome ROME (Reuters) - The leaders of Germany, France, Italy and Spain will try to find common ground in Rome on Friday to restore confidence in the euro zone ahead of a full EU summit next week, which Italy's prime minister called a defining moment. Glencore protests at Bolivia mine nationalization LONDON (Reuters) - Angered by the nationalization of a tin and zinc mine in Bolivia, global commodities firm Glencore said on Friday it may seek compensation domestically or abroad. VW, Porsche deepen production links despite stalled merger BERLIN (Reuters) - Facing a drawn out battle to complete their long-planned integration, Volkswagen and Porsche will forge ahead with tighter manufacturing links that could deliver hundreds of millions of euros in annual savings. Bain to pay $1.3 billion for half Japan TV shopping channel: source TOKYO (Reuters) - Private equity firm Bain Capital will buy a 50 percent stake in Jupiter Shop Channel, a television shopping company, for about 100 billion yen ($1.3 billion) in Japan's largest private equity transaction this year, according to a person with direct knowledge of the firm. Related Video Breakingviews: Spanish banking bailout lacks urgency Bank downgrade: Blame Europe and capital markets malaise Economic News "Pretty high hurdle" to QE3: Fed's Bullard Factory, jobs data highlight struggling recovery 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