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Banking

WireTap 1400 18/01/12

A round-up of the key stories across the specialist financial media, including news that the IMF is seeking to boost its lending capacity by $500 billion.


IMF seeks $500B boost to lending resources

The IMF is proposing to raise its lending capacity to $500 billion to protect the global economy against a worsening of the European debt crisis.

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Oil demand falls for first time since 2009

Oil demand is falling for the first time since the financial crisis due to a mild winter, high crude oil prices and the European economic crisis.

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Germany cuts growth forecast

The German government has cut its forecast for the country’s economic growth to 0.7% in 2012 from 1%.

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Goldman Sachs profit drops 58%, beats estimates

Goldman Sachs has announced profits dropped 58% in the fourth quarter of 2011, beating estimates from analysts.

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Indonesia makes investment grade at Moody’s

Moody’s has lifted Indonesia’s credit rating from Ba1 to Baa3, making it the second ratings agency to deem Indonesia investment grade.

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