WireTap 0900 21/03/12
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WireTap 0900 21/03/12

A round-up of the key stories across the specialist financial media, including news on George Osborne's budget


Tax grab on London’s top homes

George Osborne will on Wednesday stage a tax grab on London’s booming top-end property market, in a Budget which will offer significant cuts in the taxes paid by business and low- and middle-income families.

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Europe stocks higher, led by banks, oil 

European stock markets rose on Wednesday, tugged higher by banks, oil and pharmaceutical stocks.

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German 10-year bunds decline; yield advances to 2.06%

German 10-year bunds fell, pushing the yield up two basis points to 2.06% as of 8.24am London time. 

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Analysis: Turning point in the currency war 

A counteroffensive of sorts may be under way this year in what has seemed like a one-sided global currency war as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging market currencies.   

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China’s stocks rise on support measure prospects; Chalco climbs 

China’s stocks rose for the third time in four days as speculation the government will introduce measure to bolster equities overshadowed concern the nation’s slowing economy will hurt profits.

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