Chinese manufacturing activity slows Chinese manufacturing activity has slowed for the first time in nearly three years. Click here for the full storyUBS brings back old risk boss after trading scandal UBS has appointed Phillip Lofts back to his former role as chief risk officer, leaving his position as chief executive of UBS Americas. Click here for the full storySpain, France bond sales take on EU crisis Spain and France are auctioning €8.25 billion of bonds today, despite surging borrowing costs. Click here for the full storySociete Generale said to sell $600 million of property loans France’s second-largest bank has agreed to sell $600 million of property loans to the Australian Macquarie Group as the bank continues to cut down on assets. Click here for the full storyBlackstone, Bain plan Yahoo bid: source Blackstone Group and Bain Capital, along with Asian partners, are preparing a bid for Yahoo Inc that could value the company at around $25 billion. Click here for the full story
