A round-up of the key stories across the specialist financial media, including news that Caixa Bank has bought Banca Civica as the overhaul of Spain's banking sector gains pace.
CaixaBank buys Civica for $1.3 billion in Spanish bank overhaul
CaixaBank, Spain’s fourth- biggest lender, agreed to buy Banca Civica, a group of former savings banks, for 977 million euros as an overhaul of the nation’s financial industry gathers pace.
Rapid recent falls in US unemployment may prove to be a one-off unless economic growth picks up, Ben Bernanke, chairman of the US Federal Reserve, warned on Monday.
Federal Reserve Chairman Ben Bernanke said the central bank's easy-money policies are still needed to confront deep problems in the labour market, moving to reinforce his plan to keep interest rates low for years.
The UK needs to make further progress on rebalancing its economy, the Bank of England's chief economist said Tuesday, as a central bank analysis highlighted the potential pitfalls policy makers may face when such economic shifts are underway.
Sleepless in Dubai as traders rejoice eight-fold volume increase
Just four months ago, share prices and trading values in Dubai fell to the lowest levels since 2004. Now stock trading has increased eight-fold, the most among the world’s 40 biggest markets, as the emirate rebounds from its biggest financial crisis.
