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Banking

WireTap 1400 09/03/12

A round-up of the key stories across the specialist financial media, including news that indicators suggest a soft landing is likely for China's economy.


China growth gliding lower, hard landing risks ease

China's economy is on course for a soft landing, a clutch of indicators showed on Friday, easing investor fears of a sharp slowdown and revealing ample room for Beijing to loosen policy further to support growth.

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Barclays’ Diamond awarded £15m for 2011

Bob Diamond, chief executive of Barclays, was awarded £6.3m in 2011, including an all-share annual bonus of £2.7m, down from at total package of £9m a year earlier.

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S&P 500 caps biggest two-day advance of the Year

U.S. stocks rallied, giving the Standard & Poor’s 500 Index its biggest two-day advance of the year, as Greece moved closer to completing its debt swap.

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MF Global still set to pay bonuses

Three top executives of MF Global Holdings Ltd. when it collapsed could get bonuses of as much as several hundred thousand dollars each under a plan by a trustee overseeing the securities firm's bankruptcy case, people familiar with the matter said.

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Payrolls in U.S. climb 227,000; jobless rate holds at 8.3%

Employers in the U.S. boosted payrolls more than forecast in February, indicating companies are growing more optimistic about the expansion. The jobless rate held at 8.3 percent.

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