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Banking

WireTap 1400 12/04/12

A round-up of the key stories across the specialist financial media, including news that Greece has moved closer to concluding the biggest debt restructuring in history.


Greece exchanges €20.3 billion of foreign-law bonds

Greece moved closer to concluding the biggest-ever debt restructuring by exchanging €20.3 billion of bonds issued under foreign law for new securities. 

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Energy costs stir worries about US economic expansion

US economic activity kept growing moderately in the late winter months but rising energy prices were beginning to worry manufacturers and retailers, the Federal Reserve said on Wednesday.  

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Tokyo ends seven-session run of losses

Tokyo stocks broke a seven-session losing streak on Thursday, posting modest gains on hopes for policy easing in China following first-quarter growth to be reported in Beijing on Friday.   

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Employment data energize Aussie dollar

The Australian dollar surged on Thursday morning as positive jobs data reduced expectations of an interest rate cut by the Reserve Bank of Australia in May and boosted a currency that has struggled in the face of slowing Chinese demand.

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Shell stock drops on Gulf of Mexico oil-slick report

Shares in Royal Dutch Shell tumbled 3.3% on Thursday after an oil slick was reportedly spotted near its platforms in the Gulf of Mexico. 

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