WireTap 0900 16/05/12
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WireTap 0900 16/05/12

A round-up of the key stories across the specialist financial media, including news that Angela Merkel and François Hollande say they would consider measures to spur economic growth in Greece


Merkel-Hollande meeting yields Greece growth signal

German chancellor Angela Merkel and French president François Hollande say they would consider measures to spur economic growth in Greece as long as voters there committed to the austerity demanded to stay in the euro.

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Australia’s weak sentiment, wage growth spur rate bets: economy

Australian consumer confidence hovered near the weakest level this year and wage growth slowed, underpinning bets the central bank will cut interest rates next month to the lowest level in more than two years.

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FBI probes JPMorgan, shareholders back Dimon

The FBI has opened an inquiry into the multi-billion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key US agencies said they were looking into high-risk trades that first drew regulators'' attention last month.

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EU to push for binding investor pay votes

Shareholders in Europe’s listed companies will be given a binding vote on pay while those who invest in banks will gain powers to set a cap on bonus levels, under plans being drawn up by senior EU officials.

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European stocks slide

European stocks opened lower on Wednesday as investors grapple with the possibility of a Greek exit from the eurozone and the implications this would have for other "peripheral" members.

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