Business Today: Futures rise on hopes for new euro zone fund

		Click to View in Browser 07/10/2012 Futures rise on hopes for new euro zone fund NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday, erasing earlier declines, as Spanish bond yields eased on optimism Germany's top court will approve the euro zone's new bailout fund, enabling a more flexible use of the latest rescue plan. Spanish deal lifts shares, euro steady LONDON (Reuters) - World shares inched up on Tuesday after euro zone finance ministers made limited progress on measures to help embattled Spain, but evidence of a sharp slowdown in China sent oil and industrial commodities lower. Europe weighs but Fed policy appropriate: Bullard LONDON (Reuters) - The European debt crisis and disappointing growth in the United States and China are worrisome but U.S. monetary policy is correct as it stands, a top U.S. Federal Reserve policymaker said on Tuesday. Barclays' Diamond loses $30 million pay-off LONDON (Reuters) - Bob Diamond, the former chief executive of Barclays, has given up bonuses worth up to 20 million pounds ($30 million) following his resignation over an interest rate-rigging scandal, the bank's chairman told a parliamentary inquiry on Tuesday. Insight: Fed knew of Libor issue in 2007-08, proposed reforms (Reuters) - The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group Barclays Plc in the spring of 2008, it shared proposals for reform of the system with British authorities. China trade surplus jumps as import growth falters BEIJING (Reuters) - China's June trade data on Tuesday stoked anxiety about the strength of domestic demand in the world's second biggest economy as imports rose at only half the pace expected, signaling a need for Beijing to do more to bolster growth. Small business optimism falls sharply in June WASHINGTON (Reuters) - Small businesses' confidence in the economy's future declined sharply in June, increasing the threat that an economic slowdown could stretch into the second half of the year. Airbus fights back under dark skies FARNBOROUGH, England (Reuters) - Airbus has won a potential $4.2 billion order for its A350 passenger jet, its first major deal at a subdued Farnborough Airshow, where a faltering global economy is casting clouds as dark as the skies over southern Britain. Merkel says Germany's growth to be weaker in 2012 JAKARTA (Reuters) - German Chancellor Angela Merkel said on Tuesday the country's economy would be weaker in 2012 due to lower exports to euro zone countries but it would still witness slight growth. EU talks up Spanish banks package, markets skeptical BRUSSELS (Reuters) - Euro zone ministers struggled to reassure financial markets on Tuesday that an aid package for Spain they outlined overnight will help stabilize the currency bloc - a task made all the harder by a German legal challenge to its crisis-fighting tools. Related Video EU gives Spain more time on deficit Airbus set for blockbuster announcements - COO Economic News Top Fed officials set table for more easing Small business optimism falls sharply in June 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