Business Today: Stock futures edge lower after two-day run; Fed, ECB eyed

		Click to View in Browser 07/30/2012 Stock futures edge lower after two-day run; Fed, ECB eyed NEW YORK (Reuters) - Stock index futures dipped on Monday, indicating the S&P 500 may give back some gains from the prior two sessions that pushed the benchmark index to its highest close since May 3. Shamed HSBC takes $2 billion hit for U.S., UK flaws LONDON (Reuters) - HSBC's boss said on Monday revelations of lax anti-money laundering controls had been "shameful and embarrassing" for Europe's biggest bank, and may force it to pay out well over $2 billion for those flaws and in compensation for UK mis-selling. Enbridge to replace leaky Wisconsin oil pipeline Monday GRAND MARSH, Wisconsin (Reuters) - Canada's Enbridge Inc prepared on Sunday to replace part of a pipeline that leaked more than 1,000 barrels of oil in a Wisconsin field, shutting down a key conduit from Canada and provoking fresh ire from Washington. GM ousts global marketing chief over soccer deal: source NEW YORK (Reuters) - General Motors Co ousted its global marketing chief Joel Ewanick a little more than two years after he joined the company to lead an overhaul of its marketing strategy. Euro zone crisis heads for September crunch BRUSSELS (Reuters) - Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a "make-or-break" month as policymakers run desperately short of options to save the common currency. Banks cooperate for lower fines in Euribor probe: sources BRUSSELS (Reuters) - Several banks under investigation for suspected rigging of euro interest rates are cooperating with EU antitrust regulators in the hope of lower fines, two people familiar with the matter said on Monday, putting them at a higher risk of lawsuits. China to launch key projects, spur private investment BEIJING (Reuters) - China's government said on Monday it would make investments in key projects in a bid to encourage private sector finance to play a greater role in developing vital industry sectors including railways, utilities, finance and healthcare. Spanish recession deepens in second quarter MADRID (Reuters) - Spain slid deeper into recession in the second quarter as a tough new round of austerity to head off the budget crisis that threatens the euro took effect both on overall demand and the price consumers have to pay for goods. UK sets out terms of urgent Libor review LONDON (Reuters) - Britain's government set out the terms for a revamp of a key interest rate rigged by a number of banks, including Barclays , saying on Monday that urgent reform is required. KPMG International ex-chairman joins Wal-Mart board (Reuters) - Wal-Mart Stores Inc on Monday said that the retired chairman of accounting and consulting firm KPMG International has joined its board of directors, effective immediately. Related Video Mythbusting the Japanese economy Reuters Today: HSBC profit set to be overshadowed Economic News Cautious consumers, foreign trade curb second quarter growth Consumer sentiment falls to 2012 low 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