WireTap 1400 24/01/12
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WireTap 1400 24/01/12

A round-up of the key stories across the specialist financial media, including news on how UK government debt broke through the £1 trillion barrier.


UK debt tops £1tn despite fall in spending

UK government debt broke through the £1 trillion barrier for the first time in December, despite a bigger-than-expected fall in borrowing, official figures revealed on Tuesday.

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Romney’s tax return set to inflame debate over investment rate

The release of former Massachusetts Governor Mitt Romney’s 2010 tax return today may only inflame the controversy over the tax code’s treatment of some of the nation’s richest individuals.

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US stock futures fall on Europe losses 

US stock futures pointed to a lower opening for Wall Street on Tuesday, weighed by losses for Europe as wrangling continued over a Greek bond-swap deal. Johnson & Johnson and McDonald's Corp. were heading up a busy day for corporate results.

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NYSE-Deutsche boerse may lack EU support 

NYSE Euronext (NRX) and Deutsche Boerse (DB1) AG are unlikely to garner enough support from European Union commissioners to overturn a looming veto over their plan to create the world’s largest exchange, according to four people familiar with the situation.

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Eurozone private sector returns to growth 

Eurozone private-sector activity has returned to growth for the first time in five months, boosting hopes that the region may yet escape recession.

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Greek debt talks setback hits European shares

European shares fell on Tuesday morning, as worries about a messy Greek default increased after debt talks stumbled again, while weak results from Siemens and KPN also weighed.

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