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Banking

WireTap 1400 15/02/12

A round-up of the key stories across the specialist financial media, including news that Antonis Samaras – the Greek politician widely expected to win April’s elections – has committed his party to honouring spending cuts designed to secure a €130 billion bailout for Greece

Key Greek leader vows to honour bailout 

Antonis Samaras, the Greek politician widely expected to win April’s elections, has committed his party to honouring spending cuts designed to secure a €130 billion bailout for Greece, a key demand from European governments whose tough negotiations with Athens have raised fears of a damaging default.

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Bank of England increases inflation forecast 

The Bank of England slightly increased its forecast for inflation in two years’ time, but markets continued to bet that the Bank was poised to pump more money into the economy.

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State Bank of India's NPL travails a proxy for India as a whole

Bad assets in India’s largest bank are indicative of a deeper malaise afflicting corporate India. It represents a bellwether for the performance of Asia’s second largest economy.

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Oil rises to one-month high as Iran cuts exports 

Oil rose to its highest in a month as Iran said it had cut oil exports to six European countries and after China pledged to help resolve Europe’s debt crisis.

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Stock futures buoyed by China comments, eurozone data

Stock index futures rose on Wednesday, buoyed by comments from China's central bank chief that the country would keep investing in eurozone debt and better-than-expected data from Germany and France.  

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BNP Paribas profit falls less than estimated as bank sees better quarter

BNP Paribas, France’s largest bank, reported fourth-quarter profit that beat analysts’ estimates and said its corporate and investment banking unit had a “good start” to the year.    

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