WireTap 0900 20/02/12
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WireTap 0900 20/02/12

A round-up of the key stories across the specialist financial media, including news that Iran is looking to be unable to find a buyer for a quarter of its oil production.


Iran struggles to find new oil customers

Iran is struggling to find a buyer for nearly a quarter of its annual oil exports as sanctions start to affect the world’s third-biggest crude exporter.

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IMF draft sees Greek debt reaching 129% of GDP in 2020

The IMF expects Greece's debt to reach 129% of the country's gross domestic product in 2020.

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Lloyds to claw back bonuses in wake of PPI scandal

Lloyds Banking Group is expected to claw back a significant chunk of the bonuses previously awarded to senior executives as it takes action against the mis-selling of loan insurance.

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Japan, China to help Europe solve crisis via IMF

Japanese Finance Minister Jun Azumi has said that Japan and China are committed to help resolve the European debt crisis once euro region members take further steps themselves.

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Japan trade deficit widens as exports slump

Japan has posted a record trade deficit in January as a strong yen and weak global demand erode manufacturers’ profits.

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