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WireTap 1400 18/11/11

A round-up of the key stories across the specialist financial media

U.S. Economy growing at fastest pace of the year 

Analysts have increased their forecast for US economic growth in the fourth quarter, expecting the fastest growth in 18 months. 

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ABN Amro takes €500m Greek hit

State-owned Dutch bank reports a blow as third quarter profits are wiped out by a €500m impairment on its holding of Greek government bonds

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Papademos wins cabinet approval for Greek budget calling for 5.4% deficit

Greece’s new government unveiled a budget for 2012 with a deficit shortfall dropping by almost half, thanks to pension and wage cuts and a Greek debt swap that will slash interest costs

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Futures advance as S&P faces key test

Stock index futures rose on Friday after Europe's debt crisis drove heavy market losses this week, with the S&P 500 falling through important technical levels and possibly facing another key test of the strength

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Draghi turns tables on Eurozone leaders 

Mario Draghi has demanded that Eurozone leaders implement measures to combat the debt crisis, warning of fallout if the ECB’s reputation is threatened .