Business Today: Euro shares rise, debt tensions ease before ECB meeting

		Click to View in Browser 07/4/2013 Euro shares rise, debt tensions ease before ECB meeting LONDON (Reuters) - European bond and stock markets rose on Thursday as investors put concerns about political turmoil in Portugal to one side ahead of central bank meetings in Frankfurt and London, and Friday's U.S. jobs report. ECB holds rates as euro crisis threatens to return FRANKFURT (Reuters) - The European Central Bank left interest rates unchanged on Thursday and will try to reassure investors rattled by new turmoil in Europe and the U.S. Federal Reserve's plans to begin winding up its stimulus. Draghi says rates will remain low for extended period FRANKFURT (Reuters) - European Central Bank policy will keep interest rates at current or lower levels for an extended period of time, ECB President Mario Draghi said on Thursday, giving financial markets the clearest guidance to date about future rates. China probes British drugmaker GSK: report SHANGHAI (Reuters) - China's top economic planning agency has opened an investigation into pharmaceutical giant GlaxoSmithKline Plc's operations in China, an official newspaper reported on Thursday, as foreign firms come under pressure from Beijing for possible price-fixing. Emerging markets mania was a costly mistake: Goldman executive LONDON (Reuters) - Investors who wrongly called time on U.S. economic supremacy during the financial crisis are set to pay a hefty price for betting too much on the developing world, according to a top Goldman Sachs strategist. Exclusive: BlueCrest's BlueTrend hedge fund slumps 16.9 percent LONDON (Reuters) - BlueCrest Capital Management's BlueTrend fund, one of the world's biggest computer-driven hedge funds, has suffered one of its worst ever peak-to-trough losses over the past six weeks. Ex-trader Kerviel rebuffed by Paris employment tribunal PARIS (Reuters) - A Paris employment tribunal on Thursday rejected former Societe Generale trader Jerome Kerviel's plea for a new expert inquiry to help overturn his dismissal in France's biggest-ever trading scandal in 2008. Portugal markets recover as political crisis talks resume LISBON (Reuters) - Portugal's bond yields dropped on Thursday and its stock market rose, reversing some of the previous day's sharp losses, as the prime minister and his junior coalition partner sought to defuse a political crisis. Egypt pound strengthens at Thursday forex auction CAIRO (Reuters) - The Egyptian pound edged stronger at a central bank foreign exchange auction on Thursday, a day after the military ousted the country's president, a banker said. Austrian jobs on line as retailer Dayli fails VIENNA (Reuters) - Austrian drug store chain Dayli filed for court-supervised restructuring on Thursday, acknowledging it had failed to deliver on its concept for neighborhood stores and saying nearly 3,500 jobs were at risk. Related Video Egypt: A Lesson for Political Islam Market Pulse: BoE curveball triggers Carney-age in cable Economic News Jobs data upbeat, but trade and services dim outlook Small business hiring falls again in June: NFIB 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