A round-up of the key stories across the specialist financial media, including reports that former Swiss central bank governor Hildebrand may have discussed the purchase of dollars, contrary to prior claims.
Hildebrand mail shows clash of accounts over purchase with Sarasin adviser
Documents indicate that former Swiss central bank head Philipp Hildebrand had discussed the purchase of dollars with Bank Sarasin; an email from Hildebrand disputes this.
Germany and France have pressed Greece and its bondholders to agree on a reduction of the country’s debt burden, warning that bailout loans are on hold until such a deal is reached.
In the latest sign of concern over how Europe’s sovereign-debt issues could impact on US institutions, securities regulators are demanding more rigorous disclosure of debt exposure.
Olympus shares have surged on optimism that the firm will survive a delisting threat following legal action being taken against executives over accounting fraud.
China’s overall trade surplus last year fell to $155 billion, its lowest level since 2005, evidencing how slowing global growth and rising domestic demand are reshaping China’s economy
