WireTap 0900 11/01/2012
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WireTap 0900 11/01/2012

A round-up of the top stories from around the specialist financial media, including news that European competition officials have recommended blocking the tie-up between Deutsche Börse and NYSE Euronext




RBS said to plan job cuts for $64M savings

Royal Bank of Scotland Group Plc’s Irish unit is preparing its second round of job cuts in four years as part of an effort to save about 50 million euros ($63.9 million), according to two people with knowledge of the plan.

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Greek cost to rise

Negotiators for banks and governments are working to complete a promised debt restructuring for Greece that will slice in half what the nation owes its private bondholders

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Europe set to block DB-NYSE tie-up

European competition officials have recommended blocking the tie-up between Deutsche Börse and NYSE Euronext, the German and US exchange operators, setting in motion what could be weeks of frantic lobbying to salvage the deal.

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The threat from Hungary

Hungary by itself doesn't matter very much to markets, writes London-based columnist Matthew Lynn, but it could be a foretaste of things to come.

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Hedge funds lock horns with IMF on Greek debt

Hedge funds are taking on the IMF over its plan to slash Greece's towering debt burden, as time runs out on the talks that could sway the future of the euro.

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