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Banking

WireTap 1400 15/05/12

A round-up of the key stories across the specialist financial media, including news that Greece is set to repay fully a €450m bond that matures on Tuesday


Greece to repay €450m bond in full

Greece is set to repay fully a €450m bond that matures on Tuesday after failing to reach a deal with holdout investors including private banks and a US-based hedge fund.

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German growth helps shares, euro stage recovery 

European shares edged higher and the euro held above a four-month low on Tuesday after Europe''s biggest economy reported strong growth, but fears about the impact of the region''s crisis on the global outlook kept demand for safe-haven assets strong.

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US futures rise ahead of data 

US stock futures gained ground, as some encouraging European economic data helped lift sentiment ahead of U.S. retail sales and inflation data. 

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F&C loses more ''strategic partner'' assets 

F&C Asset Management has revealed that two of its long-term partners have pulled another £7bn in assets under management from the company, as the fund manager concluded the second part of the strategic review it hopes will revive its fortunes.

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Coty withdraws Avon bid 

Coty Inc. withdrew its $10.7 billion offer for Avon Products on Monday night, concluding its high-profile effort to take over a struggling larger rival. 

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