Tuesday, February 7, 2012
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WireTap 1400 07/02/12
A round-up of the key stories across the specialist financial media, including reports that finance watchdogs are set to crack down on shadow banking.
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Watchdogs to drag shadow banks into the light
Watchdogs are responding to concerns over the growing number of shadow banks emerging as a result of retreat from conventional banks.
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UBS issues gloomy outlook for 2012
UBS has issued a gloomy outlook for 2012, stating that the tough conditions experienced in 2011 were likely to continue.
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BP set for first post-spill dividend increase
BP has raised its dividend for the first time since it resumed payouts in the wake of the Deepwater Horizon incident.
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China central bank to aid home buyers to balance crackdown on speculators
The People’s Bank of China has pledged support for first-home buyers as a crackdown on real-estate speculation threatens to trigger a property slump.
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Japan confirms stealth intervention to limit yen
The Japanese government has confirmed that it intervened unannounced in foreign exchange markets to weaken the yen last year, the first time it had done so in seven years.
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