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Banking

WireTap 1400 03/05/12

A round-up of the key stories across the specialist financial media, including news that China's Bright Food has acquired control of UK breakfast cereal maker Weetabix


China’s Bright Food takes control of Weetabix

Bright Food has acquired control of UK breakfast cereal maker Weetabix as part of an overseas buying spree that has seen the state-owned Chinese group bidding for some of the world’s most famous food brands.

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Treasury doesn''t sound a new note

The Treasury Department surprised bond investors by delaying a decision on whether to introduce floating-rate notes to its mix of debt securities.

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BG agrees $1.8 billion sale in Brazil

BG Group has agreed to sell a majority stake in Comgás, Brazil’s largest gas distribution company, for about $1.8 billion to Cosan, Royal Dutch Shell’s Brazilian partner.

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Euro remains lower on prospects Draghi to signal stimulus

The euro fell for a fourth day against the dollar on speculation European Central Bank president Mario Draghi will hint at further stimulus measures to counter the debt crisis at a press conference on Thursday.


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