The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

WireTap 0900 03/02/12

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.

Click here for the full story


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.

Click here for the full story


Stocks soften ahead of US jobs data

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.

Click here for the full story


Europe dips as jobs await  

European stock markets traded slightly lower on Friday, as investors looked ahead to key US non-farm payroll data due later.

Click here for the full story


Beijing considers Europe support 

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.

Click here for the full story


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.

Click here for the full story

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree