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WireTap 0900 17/11/11

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

Eurogroup prepares for Juncker's departure 

Eurogroup is preparing to appoint a permanent full-time president from mid-2012 when the mandate of its current chairman Jean-Claude Juncker comes to an end. This after, Juncker was quoted in a German newspaper on Wednesday saying that Germany's debt level is worrying and even higher than Spain's.

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U.S. levels subpoenas in probe of MF Global

WSJ exclusively reveals that Federal prosecutors in New York and Chicago have issued subpoenas, a sign of an intensifying criminal investigation as authorities search for around $600m in client money

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Jefferies CEO sees turmoil easing as MF Global comparison fades

Richard Handler hits out at critics in Bloomberg’s exclusive

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Asiamoney translates leaked CSRC document

An English version of the leaked memo from the Chinese securities regulator, the CSRC, by Asiamoney PLUS clearly shows disagreement within the CSRC about the direction it should take in regulating the securities market in China

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Asian shares mixed; markets wary over Europe; financials fall

WSJ reports that Asian stock markets were mixed as a lack of concrete measures to stem Europe's sovereign-debt crisis continued to dampen sentiment, while a report from Fitch Ratings Wednesday on U.S. banks' exposure to Europe weighed on financial shares and sent the euro briefly down to five-week lows against the U.S. dollar

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Top shareholder cuts stake in Japan's disgraced Olympus 

Reuters reveals that Nippon Life Insurance cuts its stake in Olympus in response to accounting scandal

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