WireTap 1400 17/02/12
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WireTap 1400 17/02/12

A round-up of the key stories across the specialist financial media, including news that Anglo American performance is strong despite concerns of a takeover.


Anglo American plays down takeover talk

Anglo American profits are up 14% to $11.1bn and it has committed itself to expanding production in spite of fears of a softening of growth in global demand for its commodities.

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ECB bond exchange spurs likelihood of Greek default swap payout

Credit-default swaps insuring Greek government debt may pay out because of a proposed bond exchange by the European Central Bank.

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Foreclosure abuse rampant across U.S., experts say

A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, according to experts.

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Japanese exporters lead Asia stocks higher

Asian shares are higher on the back of strong economic data and corporate earnings while a weakened yen is boosting Japanese exporters.

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Yelp to raise as much as $100 million in IPO

Yelp, the review website, is planning to raise as much as $100 million in what may be the first initial public offering from a major Internet company of the year.

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