A round-up of the key stories across the specialist financial media, including news that Glencore and Xstrata are even closer to $88 billion deal
Glencore and Xstrata close to $88 billion deal
Glencore and Xstrata have launched merger talks to create an $88 billion commodities trading and mining giant with the financial muscle to sweep up some of its biggest rivals.
Greece seeks second rescue, fights to stay in euro
The rescue plan for Greece, which may be wrapped up in coming days, includes a loss of more than 70% for bondholders in a voluntary exchange and loans likely to exceed the €130 billion ($171 billion) now on the table.
Markets are mixed, with some equity gauges easing from multi-month highs, as investors prepare to trade the always eagerly anticipated US jobs report later in the session.
China is considering deeper involvement in the eurozone's bailout funds, Chinese Premier Wen Jiabao said on Thursday – the strongest public indication yet that China may marshal its massive foreign-exchange reserves to help alleviate the Continent's sovereign-debt crisis.
Indonesia mutual funds might grow 20% this year, group says
Indonesian mutual-fund assets will probably expand at a faster pace this year as overseas investors increase stock purchases, after the country regained its investment grade, an industry group said.
