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Banking

WireTap 1400 08/02/12

A round-up of the key stories across the specialist financial media, including news that global stocks have hit a six-month high as hopes for a worldwide economic recovery outweigh the negative impact of the eurozone fiscal crisis


Stocks hit fresh six-month high 

Global stocks have hit a six-month high as hopes for a worldwide economic recovery outweigh the sentiment-sapping impact of the lingering eurozone fiscal crisis.

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Gold on solid ground as Greece lifts euro 

Gold held steady on Wednesday, fairly close to recent 11-week highs and taking a cue from the euro's run to a two-month peak, as investors bet that Greece would finally secure a second bailout needed to avoid default.

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Hester ‘considered resigning’ over bonus

Stephen Hester has admitted he briefly considered resigning due to the political row over his £1 million bonus, but decided against it because it would have been “indulgent” to do so.

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China may ‘move shortly’ on aid for Europe, academic says 

China may “move shortly” to help Europe resolve its debt crisis by providing an investment of as much as €100 billion ($132 billion), says Yuan Gangming, an economist at the Chinese Academy of Social Sciences.

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Ghana hatches start-ups with high hurdles 

West African entrepreneurs seek to chart the future of the internet.

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