Business Today: Futures pare losses, Fed minutes eyed

		Click to View in Browser 07/10/2013 Futures pare losses, Fed minutes eyed NEW YORK (Reuters) - Stock index futures pared losses on Wednesday, pointing to a flat open on Wall Street, even as data showed an unexpected drop in Chinese exports that sounded a warning about the strength of the global economy. U.S. mortgage applications drop with rates at 2-year high: MBA NEW YORK (Reuters) - An unrelenting surge in interest rates for U.S. home mortgages pushed borrowing costs to their highest level in two years last week, stymieing demand from potential homeowners, data from an industry group showed on Wednesday. UnitedHealthcare sees doubling of accountable care business (Reuters) - UnitedHealth Group Inc on Wednesday said it expects its accountable care contracts to double to $50 billion by 2017, shaking up the way medical care is paid for and delivered. Stock 'fear gauge' flawed, Citi equity trading chief says LONDON (Reuters) - Investors seeking to predict the magnitude of share price moves at times of market flux may get a faulty steer from a closely watched "fear gauge", one of investment banking's top equity traders has warned. French report on HSBC tax case points to $5 billion in undeclared funds PARIS (Reuters) - France needs to beef up its methods for fighting tax evasion, according to a parliamentary report on a tax probe into HSBC that revealed $5 billion of undeclared assets across thousands of accounts. Britain to float Royal Mail this financial year LONDON (Reuters) - Britain unveiled plans on Wednesday to float a majority stake in postal operator Royal Mail later this financial year, promising free shares for workers still fiercely opposed to the country's biggest privatization in decades. Peugeot, GM study U.S. van program: report PARIS (Reuters) - General Motors may sell PSA Peugeot Citroen commercial vans in the United States under plans being discussed to expand the carmakers' operational alliance, La Tribune reported on Wednesday. Singapore property stabilizing, cooling measures stay for now: finance minister SINGAPORE (Reuters) - Singapore's hot property market has shown signs of stabilizing but the government would like to see some softening of prices and is not ready to relax its cooling measures just yet, Finance Minister Tharman Shanmugaratnam said on Wednesday. Bumi says Bakries offer stake to major shareholder Samin Tan LONDON (Reuters) - The Indonesian Bakrie family, the major shareholder in Bumi Plc , is in talks to sell its stake in the coal mining group to its chairman Samin Tan, Bumi Plc said on Wednesday. Europe tempers power of agency to shut troubled banks BRUSSELS (Reuters) - The European Commission proposed on Wednesday creating an agency to salvage or shut failed banks, but the absence of an immediate backstop fund to pay for a clean-up means it may struggle to do its job. Related Video Daily Digit: Burberry sales jump U.S. Morning Call: Family Dollar beats on earnings Economic News Analysis: Old normal for bonds rather than fragile new world Sales tax measure to go on bankrupt California city's ballot 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