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Banking

WireTap 0900 20/03/12

A round-up of the key stories across the specialist financial media, including how forecasts for the UK economy will be revised a touch higher in the Budget on Wednesday


OBR raises forecast for economic growth

Forecasts for the UK economy will be revised a touch higher in the Budget on Wednesday, as the Office for Budget Responsibility is expected to follow recent, more optimistic moves by private sector economists.

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Yen play is blast from the past 

One of the most popular currency trades is back in fashion, thanks to Japan's efforts to keep pushing down the yen's value.

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Japan's scandal-hit Olympus to launch new medical devices 

Japan's Olympus Corp will unveil new endoscopes on Wednesday, its first major product launch since an accounting fraud erupted last year and threatened the 92-year-old firm's survival. 

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D Börse to sue Brussels over NYSE block 

Deutsche Börse said it would take the European Commission to court to try to overturn its decision last month to block its tie-up with NYSE Euronext, in what would have been the world's largest exchange deal. 

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CVC said to tap Goldman Sachs to study IPO of Formula One

CVC Capital Partners hired Goldman Sachs Group to explore a possible sale of a stake in Formula One in an initial public offering, said a person with knowledge of the matter.

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European stocks decline as BMW, Daimler retreat on China

European stocks retreated for a second day as an official at China’s association of carmakers said auto sales will miss its forecast in 2012 and as investors awaited a report on housebuilding in America. US index futures and Asian shares also dropped.

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