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Banking

WireTap 0900 13/04/12

A round-up of the key stories across the specialist financial media, including how the Chinese economy grew 8.1% in the first quarter from a year earlier, the slowest pace in three years.


Chinese economy grows 8.1% in first quarter

China’s economy grew 8.1% in the first quarter from a year earlier, its slowest pace in almost three years. 

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Italians rally against Monti’s pension overhaul

Italy’s main labour unions will take to the streets of Rome today to protest against prime minister Mario Monti’s pension-system overhaul, saying it traps thousands of workers in a legal limbo without retirement pay.  

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Google soars 61% on strong sales

On Thursday Google reported a 61% jump in first-quarter profit on slightly higher than expected sales. It announced a surprise special dividend that would act as a stock split for company shareholders.   

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Best Buy probes CEO relationship

Best Buy’s investigation into the personal conduct of former chief executive Brian Dunn is exploring whether he misused company assets in the course of an alleged relationship with a female subordinate.

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Goldman to pay $22 million to settle "huddles" case

Goldman Sachs agreed to pay $22 million to settle civil charges arising from company procedures that created the risk that select clients would receive market-sensitive information, such as changes to Goldman's recommendation lists and its ratings of stocks. 

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