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Banking

WireTap 1400 20/04/12

A round-up of the key stories across the specialist financial media, including news that shareholders of Olympus, hoping for a fresh start, have approved a new board.


Olympus eyes fresh start, ex-CEO mulls legal threat 

Shareholders of Olympus Corp approved a new board on Friday, hoping for a fresh start at the camera and medical device maker that hid $1.7 billion of investment losses in Japan's biggest corporate scandal in decades.

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German business confidence climbs

German business confidence has risen for a sixth consecutive month, highlighting the robustness of Europe’s largest economy even as the eurozone debt crisis takes its toll on much of the rest of the continent.

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US stock futures advance on GE, Schlumberger earnings

US stock-index futures rose, indicating the Standard & Poor’s 500 Index will snap two days of losses, as General Electric and Schlumberger reported earnings that beat estimates.

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Europe urged to fix crisis as G-20 warns of more stress

Europe’s governments were told the onus for fixing their debt woes lies with them as the Group of 20 warned the two-year crisis still threatens global growth.

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Economic reports fan fears

Rising layoffs, falling home sales and slowing manufacturing activity are sparking fears that the economic recovery is headed for a springtime stall for the third year in a row.

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