WireTap 1400 07/03/12
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WireTap 1400 07/03/12

A round-up of the key stories across the specialist financial media, including news that thirty major bondholders have agreed to take part in the Greek bond swap.


Thirty major bondholders to take part in Greek bond swap

Thirty major holders of Greek government bonds said on Wednesday they will take part in the country's debt swap, increasing chances of the deal going through.

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Indonesia to limit foreign ownership in mines

Indonesia is to take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment.

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German manufacturing stumbles

Disappointing manufacturing orders data from Germany suggest that it may be hard even for Europe's largest economy to revive eurozone economic output.

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Europe stocks edge up

European stock markets climbed from earlier levels to trade marginally higher Wednesday, as investors responded positively to news that some of Europe's leading financial institutions will participate in the Greek debt-swap deal.

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Asian hybrid bond issuance soars

Asian companies have sold a record amount of hybrid bonds this year and are planning to sell much more, taking advantage of surging risk appetite.

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