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WireTap 1400 06/02/12

A round-up of the key stories across the specialist financial media, including news that the IMF has urged China to stimulate its economy if the situation in Europe deteriorates.

IMF urges Beijing to ready bold moves

The IMF has told China that it should be prepared to sharply stimulate its economy if Europe's growth falls more than anticipated.

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Citigroup to issue China credit cards

Citigroup is to become the first western bank to issue credit cards in mainland China under its own brand.

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Shaky profits threaten U.S. stock rally

As U.S. stocks reach multiyear highs, some investors are questioning whether the recent strength can persist amid global economic uncertainty.

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BNP buys European stocks amid ECB’s support

BNP Paribas Asset Management has begun buying European equities as the ECB moves to support the region’s lenders.

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South Korean groups ramp up foreign deals

South Korean companies are buying European assets as the protracted debt crisis in Europe presents them with increasing opportunities to snap up distressed assets.

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