A round-up of the key stories across the specialist financial media, including news that global stocks have hit a six-month high as hopes for a worldwide economic recovery outweigh the negative impact of the eurozone fiscal crisis
Global stocks have hit a six-month high as hopes for a worldwide economic recovery outweigh the sentiment-sapping impact of the lingering eurozone fiscal crisis.
Gold held steady on Wednesday, fairly close to recent 11-week highs and taking a cue from the euro’s run to a two-month peak, as investors bet that Greece would finally secure a second bailout needed to avoid default.
Stephen Hester has admitted he briefly considered resigning due to the political row over his £1 million bonus, but decided against it because it would have been “indulgent” to do so.
China may ‘move shortly’ on aid for Europe, academic says
China may “move shortly” to help Europe resolve its debt crisis by providing an investment of as much as €100 billion ($132 billion), says Yuan Gangming, an economist at the Chinese Academy of Social Sciences.
