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WireTap 0900 03/01/12

A round-up of the top stories from the specialist financial media, including news that the world's largest economies face $7.6 trillion worth of debt.

World’s biggest economies face $7.6 Trillion Debt

Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.

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Sarkozy, Merkel set bilateral Euro talks

The leaders of Germany and France on Monday set out plans for a bilateral summit next week, pursuing an elusive solution to the euro-zone debt crisis amid further signs of weakening in the European economy.

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Companies count cost of FSA crackdown

Large financial groups were ordered to shell out more than £160m in compensation to customers in 2011 as the UK Financial Services Authority cracked down on mistreatment of retail investors by some of the UK’s best-known firms.

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Dollar demise refuted with 13% gain since 2008

Moves by the Federal Reserve to flood the world with dollars are doing little to dent the currency’s value, bolstering the appeal of U.S. assets at a time when the government needs the support of foreign investors the most.

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Lloyds sued by US investors for HBOS compensation

US shareholders in Lloyds at the time of its takeover of HBOS have launched lawsuits against the bank, its former chairman, Sir Victor Blank, and ex-chief executive Eric Daniels.

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Demand for US leveraged loans set to take off

Private equity groups and financiers are expecting a strong start for the US leveraged loan market in 2012 as a light pipeline for new issues creates an opportunity to refinance portfolio companies and pay dividends to sponsors.

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