Reuters Business Today: September 3, 2015

Click to View in Browser Thursday, September 3, 2015 Futures higher but investors remain cautious (Reuters) - U.S. stock index futures were higher on Thursday but investors remained wary of taking big positions a day before the release of the monthly jobs report, which may be a critical factor in the Federal Reserve's interest rate decision. U.S. jobless claims rise; trend shows labor market still strong WASHINGTON, Sept 3 (Reuters) - The number of Americans filing new applications for unemployment benefits rose more than expected last week, but the underlying trend remained consistent with a strengthening labor market. ECB seen cutting inflation outlook, hinting at more policy action FRANKFURT (Reuters) - The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying program if growth and inflation prospects weaken further. U.S. trade deficit smallest in five months WASHINGTON, Sept 3 (Reuters) - The U.S. trade deficit fell in July to its lowest level in five months as exports rose, signaling underlying strength in the economy amid concerns about a global growth slowdown. Exclusive: Japan Display CEO hints at strong Apple orders ahead of new iPhone launch TOKYO (Reuters) - Japan Display Inc's new chief executive said on Thursday the screen maker's "biggest client", widely understood to refer to Apple Inc , is increasing orders ahead of the expected launch of a new iPhone this month. Europe must wait at least five years for bank consolidation: CEOs FRANKFURT (Reuters) - Europe will have to wait at least five years before banks begin to consolidate across borders, as they wrestle with low interest rates, regulatory reforms and the need to overhaul technology, bank executives said. Oil rangebound as equity rally offsets inventory rise LONDON (Reuters) - Crude prices traded in a narrow range on Thursday as optimism over equity markets helped offset a surprise increase in U.S. oil inventory levels and a firm U.S. dollar. No concern yet regarding financial institutions from market turmoil: Jack Lew WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew said financial market turmoil has yet to cause enough stress in financial institutions to warrant concern, CNBC reported on Thursday. Volkswagen CFO Poetsch to become chairman FRANKFURT (Reuters) - Volkswagen's controlling parent company Porsche Automobil Holding SE confirmed on Thursday it had proposed to elect Hans Dieter Poetsch as chairman of Volkswagen's supervisory board. Ackman's Pershing Square hedge fund drops 9.2 percent in August BOSTON (Reuters) - Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Related Video Stocks bounce back from sell-off A ray of sun in Puerto Rico's debt gloom Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook