A round-up of the key stories across the specialist financial media, including news that concerns over growth are sending equities and the euro lower.
Growth worries send world shares, euro lower
World stocks fell and the euro traded near two-week lows today after fresh economic data raised expectations of a recession in Europe, and China signalled it would accept a slower growth rate.
Glencore has stuck to the terms of its proposed merger with Xstrata to create a $90bn natural resources champion, saying that the “natural combination” will realise immediate value to shareholders.
Banks deposited a record €821bn over the weekend at the European Central Bank after the bank last week injected a second wave of funds into the eurozone banking system.
Credit Suisse Group Monday said it had launched an offer to buy back 4 billion Swiss francs worth of its own debt and replace it over time with instruments that qualify as capital under more stringent banking rules.
Barclays’s pension fund is planning to sell about 350 million pounds ($554 million) in private-equity assets, three people with knowledge of the matter said.
