A round-up of the key stories across the specialist financial media, including how Greece’s creditors are considering an appeal to the French and German leaders for negotiations on the losses taken by banks and bondholders as part of a €100 billion deal considered crucial to bringing the country’s debt under control
Greece’s international creditors are considering an appeal to the French and German leaders to break a deadlock in negotiations over the size of the losses to be taken by banks and other bondholders as part of a €100 billion deal seen as crucial to bringing the country’s debt under control.
Germany optimistic on Greek debt swap: foreign minister
Germany is optimistic about the outcome of a bond-swap deal aimed at slashing Greece’s towering debt pile, Germany’s foreign minister said in a ‘message of solidarity’ during a visit to Athens on Sunday.
George Osborne will sign a deal on Monday with Hong Kong aimed at helping turn the City into an offshore trading centre for the renminbi, in what the chancellor sees as a vote of confidence in London.
Asian shares fell on Monday on fears that mass sovereign debt rating cuts by Standard & Poor’s would further aggravate eurozone funding difficulties, threatening to derail progress in resolving the debt crisis.
Rupee to gain fastest in 2012 on inflow, top forecaster says
Asian currencies will rebound this year, led by India’s rupee – the worst performer in 2011, says Oversea-Chinese Banking Corp, the most-accurate forecaster for the region in the past six quarters.
