Business Today: Global shares extend rally; U.S. 10-year yield hits 3 percent

		Click to View in Browser 12/27/2013 Global shares extend rally; U.S. 10-year yield hits 3 percent PARIS (Reuters) - European stocks climbed on Friday as renewed appetite for risk fuelled a year-end equity rally and pushed U.S. benchmark Treasuries yields above 3 percent for the first time since September. Stock futures point to flat open, but strong weekly gains NEW YORK (Reuters) - Stock futures were flat on Friday, with investors reluctant to make big bets after a rally that took major indexes repeatedly to all-time highs. Swiss private bank Lombard Odier signs up to U.S. tax deal ZURICH (Reuters) - Lombard Odier & Cie on Friday became the latest Swiss bank to say it would work with U.S. officials in a crackdown on Swiss lenders suspected of helping wealthy Americans evade taxes through hidden offshore accounts. GM recalls 1.5 million cars in China over fuel pump bracket SHANGHAI (Reuters) - General Motors Co's China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market. Rosneft to focus on Morgan Stanley deal completion, not more buys MOSCOW (Reuters) - Rosneft said on Friday it will focus on integrating Morgan Stanley's oil trading unit it agreed to buy last week rather than making new acquisitions. Monte Paschi reconvenes vote on cash call on Saturday SIENA, Italy (Reuters) - Troubled Italian lender Banca Monte dei Paschi di Siena was forced to push back to Saturday a shareholder meeting set to decide on a vital capital increase because not enough investors showed up on Friday. Discounts, promotions spur sales in U.S. holiday season (Reuters) - Sales during the 2013 U.S. holiday season grew from a year earlier as deep discounting and increased promotions encouraged consumers to buy more. UPS glitches could boost U.S. delivery competition NEW YORK (Reuters) - UPS scrambled on Thursday to deliver packages that had failed to arrive in time for Christmas as the No. 1 U.S. ground delivery service sought to limit the fallout from the delays. Audi boosts investments through 2018 FRANKFURT (Reuters) - Germany's Audi said it would invest about 22 billion euros (£18.25 billion) in new models, plants and technology in the five years through 2018. Small jet makers see big chance as China prepares to open skies BEIJING (Reuters) - Ferraris and Rolls-Royces have become common sights in China's cities as a new class of super-rich indulge a growing appetite for luxury, but tight regulation has meant the private jet, the ultimate status symbol of the global elite, remains rare. Related Video Breakingviews: Europe will court shutdown in 2014 Reuters Today: Now, for the post-taper tantrum! Economic News U.S. jobless claims fall, holiday retail sales rise Discounts, promotions spur sales in U.S. holiday season 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