Business Today: Stock futures advance as concerns ease over Cyprus

		Click to View in Browser 03/22/2013 Stock futures advance as concerns ease over Cyprus NEW YORK (Reuters) - Stock futures gained on Friday as a banking deal between Greece and Cyprus eased some concerns about the island nation as it tries to avoid a financial meltdown and an exit from the euro that could roil the euro zone. Russia rebuffs Cyprus, EU awaits bailout "Plan B" NICOSIA/MOSCOW (Reuters) - Russia rebuffed Cypriot entreaties for aid on Friday, leaving the island's increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week or face the collapse of its financial system. China growing strongly, risks manageable : OECD report BEIJING (Reuters) - China's economy should expand by 8.5 percent in 2013 and more in 2014, with inflation and export demand the biggest near term risks to growth that should average 8 percent in this decade at current rates of investment and reform, the OECD said on Friday. BP to return $8 billion to shareholders from TNK-BP sale LONDON (Reuters) - British oil company BP announced on Friday an $8 billion share buy-back program, acting swiftly on its promise to reward investors after it sold its stake in its Russian unit, TNK-BP . Analysis: Big Tech tests the waters of the music stream SAN FRANCISCO (Reuters) - Technology giants Apple, Google and Amazon are furiously maneuvering for position in the online music business and looking at ways to make streaming profitable, despite the fact that pioneer Pandora has never made a profit. Credit Suisse CEO pay jump to fuel banker bonus debate ZURICH (Reuters) - Credit Suisse upped the remuneration of Chief Executive Brady Dougan by one third in 2012, likely adding to public and political dismay over the scale of banker pay in a year when the Swiss bank's stock stalled. ING says has $1.1 billion of Cyprus exposure; shares fall AMSTERDAM (Reuters) - Dutch insurance and banking group ING said on Friday it had about 900 million euros ($1.16 billion) of exposure at year-end to companies registered in Cyprus, but that its credit risk linked to the island was negligible. Analysis: Easy Fed softens fiscal policy punch on economy WASHINGTON (Reuters) - The Federal Reserve's aggressive easing of monetary policy is proving surprisingly effective at blunting the blow to the economy from tighter fiscal policy, according to economists who have been scrambling to raise their growth forecasts. Japan agency: preparations for Dreamliner test flight not yet complete TOKYO (Reuters) - Japan's Civil Aviation Bureau said on Friday that preparations are not yet complete for any test flight of Boeing Co's grounded 787 Dreamliner this week. Analysis: Thrifty truckers wary of pricey natural gas vehicles LOS ANGELES (Reuters) - Truckers considering natural gas as an alternative to high-priced diesel say the cost of vehicles that run on the cheap and cleaner-burning fuel is still too high for them to see a timely payback on their investment. Related Video Market Pulse: Cyprus crisis puts the shine back into gold Lipper Fund Awards: Rising energy tide doesn't lift all boats Economic News Analysis: Easy Fed softens fiscal policy punch on economy Data points to growing economic momentum 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