Business Today: Stock futures down after Dow record, eyes turn toward Fed

		Click to View in Browser 11/12/2013 Stock futures down after Dow record, eyes turn toward Fed NEW YORK (Reuters) - Stock index futures fell on Tuesday, a day after the Dow ended at a record high as investors shifted focus to how soon the Federal Reserve may begin reducing stimulus. BP clinches $6 billion fuel supply deal with Rosneft MOSCOW (Reuters) - Top Russian oil firm Rosneft said it would sell about $6 billion worth of refined products to BP, establishing the British major among its biggest buyers after years without any such deal. Vodafone to ramp up investment as trading suffers LONDON (Reuters) - Britain's Vodafone will spend 7 billion pounds - more than expected, earlier than expected - to increase the speed and capacity of its networks and reverse a record fall in revenues resulting from its struggling European business. China vows 'decisive' role for markets, results by 2020 BEIJING (Reuters) - China's ruling party pledged to let markets play a "decisive" role in allocating resources as it unveiled a reform agenda for the next decade on Tuesday, looking to overhaul the world's second-largest economy to drive future growth. D.R. Horton orders fall two percent as housing demand slows (Reuters) - D.R. Horton Inc , the largest U.S. homebuilder, reported a 2 percent fall in quarterly orders due to rising mortgage rates and policy uncertainty in Washington. Analysis: London, Dubai, Kuala Lumpur in three-way fight for Islamic finance crown DUBAI (Reuters) - When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating tussle among cities for Islamic financial business. RBS must tackle capital issues before share sale: UKFI LONDON (Reuters) - Part-nationalized Royal Bank of Scotland must address issues over its capital and future strategy before the government can start selling its shares, the new head of the agency managing Britain's bank stakes told lawmakers. Government shutdown erodes U.S. small business confidence WASHINGTON (Reuters) - U.S. small business sentiment fell to a seven-month low in October as business owners worried a partial shutdown of the government would weigh on sales and cause merchandise to pile up in warehouses. EU leaders meet on youth jobs but solutions elusive PARIS (Reuters) - Soaring youth unemployment will top the agenda when France hosts a European jobs summit on Tuesday, but leaders will eschew radical proposals to tackle a problem that risks fuelling social unrest and political extremism. Global shares slip, dollar firm as Fed outlook dominates LONDON (Reuters) - China's plan to broaden economic reforms failed to give a lift to world shares on Tuesday as higher U.S. government bond yields and growing talk the Federal Reserve will soon scale back its stimulus weighed on sentiment. Related Video Daily Digit: EU budget's jobs focus Breakingviews: Vodafone's $11 bln spree only goes so far Economic News Global Economy: Surprise tactics sweep central banking Yellen to prevail over Fed critics at Senate hearing 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