A round-up of the key stories across the specialist financial media including news that, even though decline in the Eurozone is slowing, a recession still looks certain.
Euro zone decline eases, recession still looks certain: PMI
The decline in the euro zone's private sector eased a little this month, but a recession still looks inevitable with the region's periphery struggling badly, a key business survey showed on Thursday.
Credit Suisse to merge private, investment bank operations
Credit Suisse Group AG (CSGN), the second- biggest Swiss bank, plans to combine the operational functions of its private banking and investment-banking units from next year to lower costs.
HK margin rules on uncleared swaps should include exemptions, say market participants
Hong Kong regulators should include an exemption for corporates and non-bank financial institutions in any margin requirements for uncleared over-the-counter swaps, say some market participants.
Stock index futures were higher on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.
