Business Today: Stock futures add to gains after payroll report

		Click to View in Browser 07/5/2013 Stock futures add to gains after payroll report NEW YORK (Reuters) - Stock index futures added to their gains on Friday after the June payroll report showed more jobs added in the month than had been expected. Steady U.S. job gains to keep Fed's focus on tapering WASHINGTON (Reuters) - U.S. job growth probably slowed in June, but not enough to shift the Federal Reserve away from expectations that it will start scaling back its massive monetary stimulus later this year. Exclusive: Spain banks do not need new EU aid at present - EC document BERLIN (Reuters) - Spain's banks do not at present need further European aid, according to a document prepared by the European Commission and the European Central Bank and seen by Reuters on Friday. China signals will cut off credit to rebalance economy BEIJING (Reuters) - China said on Friday it would cut off credit to force consolidation in industries plagued by overcapacity as it seeks to end the economy's dependence on extravagant investment funded by cheap debt. S&P cuts Nokia rating further on Siemens venture buyout LONDON, July 5 (IFR) - Standard & Poor's downgraded Nokia further into junk territory on Friday, warning that the Finnish telecom firm's plan to take over Siemens AG's stake in their joint network equipment venture would strain its finances. Brent rises near $107 on Egypt high alert LONDON (Reuters) - Brent crude oil rose towards $107 a barrel on Friday after Egypt's army said it was on high alert after an attack in Sinai, pushing the price to its biggest weekly gain since last June. Basel plans to toughens up 'shadow bank' capital rule LONDON (Reuters) - Global regulators proposed on Friday that banks set aside more capital to cover investments in "shadow banks" such as private equity or hedge funds to improve cover for underlying risks. Portugal president warns of failure to return to markets LISBON (Reuters) - Portugal's president warned on Friday that a negative scenario for the country would be if it failed to return to markets as planned in 2014 due to external events or internal politics. Lululemon chairman eyes $220 million share sale TORONTO (Reuters) - Lululemon Athletica Inc Chairman Dennis "Chip" Wilson is looking to sell up to 3.4 million shares of the yogawear retailer, reducing the stake he controls in the company to 25 percent from 28 percent, according to an SEC filing. Cyprus launches criminal probe to dig deeper into financial collapse NICOSIA (Reuters) - Criminal investigators will help judges in Cyprus dig deeper into what caused a financial crisis that forced the island to ask for a bailout by international lenders, authorities said on Friday. Related Video U.S. Morning Call: Fireworks on Wall Street ahead of jobs Market Pulse: Oil's Payrolls Report Dilemma Economic News Brightening jobs picture may draw Fed closer to tapering Steady U.S. job gains to keep Fed's focus on tapering 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