Business Today: Futures up on Spain, but concerns remain

Click to View in Browser 06/11/2012 Futures up on Spain, but concerns remain NEW YORK (Reuters) - Futures rose on Monday after euro zone finance ministers agreed on an aid package to help Spain, but futures were off their highs as concerns persisted about the global growth outlook. Insight: Demand soaring for pension transfers to insurers BOSTON/NEW YORK (Reuters) - Last week's deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the American insurance market that had been bouncing along the bottom in recent years. OECD indicator sees weakness spreading to Asia PARIS (Reuters) - There are signs that the economies of two of the world's leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes, the latest report from the OECD showed on Monday. China loans rise could show government steps gain traction BEIJING (Reuters) - China's bank lending in May rose more than expected, suggesting fast-tracked infrastructure projects were creating loan demand and that measures to counter a sharpening economic slowdown may be taking affect. India could be 1st BRIC to lose investment grade: S&P MUMBAI (Reuters) - Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country. Tesco's UK sales fall as recovery plan struggles LONDON (Reuters) - Tesco , the world's third-biggest retailer, reported a drop in underlying first-quarter British sales on Monday, as a recovery plan following its shock profit warning in January struggles to gain traction. Merkel strongly backs financial market tax: spokesman BERLIN (Reuters) - German Chancellor Angela Merkel is convinced of the need for a European financial transaction tax and will raise the issue at a meeting later in June with the leaders of Spain, France and Italy, a government spokesman said on Monday. Samsung denies interest in Nokia HELSINKI (Reuters) - Samsung Electronics denied it was interested in acquiring Nokia , sending shares in the Finnish mobile phone company down 2 percent. BP in flux over spill payment, Russia exit plan LONDON (Reuters) - BP shareholders face months of uncertainty over the value of their holdings as two multibillion-dollar issues hang over the future of the British oil company. Insight: Google goes softly-softly on European antitrust BRUSSELS (Reuters) - Google is searching for the answer to a four-billion-dollar question: can a new, gentler approach from a U.S. tech giant persuade the European Union to be more lenient in competition cases? Related Video Market Pulse: €100bln doesn't buy you much these days Breakingviews: Greeks caught between rock and hard place Economic News Trade deficit narrows as global demand slows Wholesale inventories rise 0.6 percent in April 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