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WireTap 1400 25/01/12

A round-up of the key stories across the specialist financial media, including news on how the ECB is said to oppose haircut on its own Greek debt

UK economy contracts in fourth quarter

Britain’s economy contracted slightly in the last quarter of 2011, official data on Wednesday showed, raising fears of a double dip recession.

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ECB said to oppose haircut on its own Greek debt 

The European Central Bank remains firmly opposed to any restructuring of its Greek bond holdings as the debt was acquired for monetary policy purposes, according to two people familiar with the Governing Council’s stance.

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Ghizzoni gambling on $9.8 billion rights offer wins reprieve for UniCredit 

UniCredit SpA (UCG) Chief Executive Officer Federico Ghizzoni is buying time to rescue Italy’s biggest bank as the country teeters on the brink of recession. 

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Apple returns to form, blows Wall Street targets away  

Apple Inc's quarterly results blew past Wall Street's expectations after U.S. consumers snapped up near-unprecedented numbers of iPhones and iPads, sending its shares up 8 percent into record territory.

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USDJPY spike sparks talk of regime shift in the yen

The yen dropped sharply as figures showed by Japan registered its first trade deficit since 1980, with some looking for further weakness in the currency as concerns over the country’s debt problems heightened.

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India corporate bond yields steady in thin volumes 

Indian corporate bond yields held steady on Wednesday as investors preferred to stay on the sidelines in a holiday- shortened week as cash supply remained tight.

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