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.
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.
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.
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.