Business Today: Stock futures rise after two-day selloff

		Click to View in Browser 06/21/2013 Stock futures rise after two-day selloff NEW YORK (Reuters) - Stock futures rose on Friday as traders swooped up bargains following a two-day selloff that took S&P 500 futures to their lowest in seven weeks. China central bank holds line on shadow banking as rates spike SHANGHAI/BEIJING (Reuters) - China's central bank faced down the country's cash-hungry banks on Friday, letting interest rates again spike to extraordinary levels as it increases the pressure on the banks to rein in rampant informal lending and speculative trading. Bernanke bond announcement was poorly timed: Fed's Bullard WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President James Bullard worried that the Fed's decision earlier this week to announce a plan to reduce bond buying was poorly timed, the regional Fed bank said in a statement on Friday explaining his dissent. Rosneft to boost oil flows to China in $270 billion deal ST PETERSBURG (Reuters) - Russia's Rosneft agreed to double oil supplies to China, in a deal it valued at $270 billion on Friday, as the Kremlin energy champion shifts its focus to Asia from saturated and crisis-hit European markets. Lockheed aims to conquer markets outside U.S. PARIS (Reuters) - Lockheed Martin Corp , already the biggest U.S. weapons maker and largest provider of IT services to the U.S. government, wants to become a powerhouse in foreign markets such as the Middle East and India, a top executive said. BP wants inquiry into alleged payments to oil spill lawyer LONDON (Reuters) - Oil company BP called on Friday for an inquiry into an allegation a lawyer working for the administrator of compensation payments for the Gulf of Mexico oil spill referred claims to a New Orleans law firm in exchange for a share of subsequent settlement payments. Analysis: As boomers age, Harley hunts for younger riders CHICAGO (Reuters) - Harley-Davidson Inc doesn't do much quietly. Its motorcycles are notoriously noisy. Its slogans - "Screw It. Let's Ride." - are loud too. EU to decide who pays when banks fail LUXEMBOURG (Reuters) - The European Union sought on Friday to forge rules to force losses on large savers when banks fail, a divisive reform that will shape how the euro zone deals with its sickly lenders. Analysis: China cash squeeze exposes risks from short-term funding SHANGHAI (Reuters) - The mirror that China's central bank is holding up in front of the country's banks is providing uncomfortable viewing. Too many banks are reliant on short-term funding markets to survive, and a shake up in the sector is needed. Exclusive: FINRA beefs up policing of arbitrators (Reuters) - Wall Street's industry-funded watchdog said it is beefing up oversight of its 6,500 securities arbitrators, after one of them was criminally indicted and suspended from the practice of law but failed to properly disclose those legal run-ins. Related Video Dangerous haze hangs over Singapore Champagne anyone? Nigeria's middle classes show off wealth Economic News Bernanke bond announcement was poorly timed: Fed's Bullard Housing, regional factory data show economy's stamina 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