A round-up of the key stories across the specialist financial media, including reports that Facebook is gearing up for 2012 IPO issuance
Osborne admits economy off course
Mr Osborne is under political and economic pressure to inject growth and confidence into the economy, but he is constrained by the fact the government is already falling behind on its austerity plan.
Stocks Gain as Italy sells debt, Ministers meet; U.S. Futures, Euro rally
European stocks and U.S. equity index futures gained, the euro strengthened against the dollar and commodities advanced as demand for Italy’s debt increased and before European finance ministers meet on the credit crisis
Facebook, the world's largest Internet social network, is preparing for a initial public stock offering next year, according to a source familiar with the matter.
The chief executive of the Association for Financial Markets in Europe last night called on some of Europe's most senior bankers to help restore trust in the industry by returning to the "old spirit of partnership and responsibility" evident in SG Warburg.
New China Life said to seek $1.6 billion in Hong Kong part of initial sale
New China Life Insurance Co, the state-backed insurer part owned by Zurich Financial Services AG, may raise up to $2.3 billion in an initial public offering in Hong Kong and Shanghai, according to terms for the transaction.
