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Eurozone industrial production speeds ahead
Industrial production in the eurozone grows at its fastest level for over 20 years in January, amid signs of a far more sustained recovery than had been seen previously
Categories: News from the World
Wall Street’s fresh high paints positive backdrop
Global Markets Overview: Many analysts had suggested that once the S&P breached 1,150, as it did on Friday, that would reinvigorate traders and help push stocks higher
Categories: News from the World
Yara refuses to raise $4.1bn Terra bid
Norwegian fertiliser producer says it will not increase its all-cash $4.1bn offer for US Terra, paving the way for US CF Industries‘ rival $4.7bn cash-and-shares offer to acquire the company
Categories: News from the World
Hatoyama says yen is too strong
Yukio Hatoyama, the Japanese prime minister, told the Japanese parliament that the yen was too strong given the state of the country’s economic recovery
Categories: News from the World
France and UK seek hedge fund deal
Gordon Brown and Nicolas Sarkozy are to try to hammer out a compromise deal over European Union reforms that the US and UK believe could damage the hedge fund and private equity industries
Categories: News from the World
Lehman report blames top executives
A one-year probe into the collapse of Lehman Brothers found ‘credible evidence’ that top executives, including the former chief Dick Fuld, approved misleading financial statements and used an ‘accounting gimmick’ to flatter results
Categories: News from the World
New York ties with London for finance crown
London has lost its crown as the pre-eminent home of banking and finance, as it tied for the first time with New York in the latest ranking of financial centres
Categories: News from the World
Publicity-shy Trafigura pushes for bond issue
The capital market issue would mark a significant departure for one of the world’s largest and most profitable commodities traders, which has traditionally relied on bank credit lines
Categories: News from the World
Markets mixed on China monetary jitters
Global Markets Overview: China reawakens fears over monetary tightening, US data boost stocks
Categories: News from the World
Sir Brian Pitman, ex-Lloyds chairman, dies aged 78
Sir Brian Pitman, the former chairman and chief executive of Lloyds TSB and one of the most respected bankers of his generation, has died suddenly at the age of 78
Categories: News from the World
US takeover defences come tumbling down
Pressure from US corporate governance activists is forcing companies to dismantle poison pill measures designed to protect them from unwanted takeover attention
Categories: News from the World
Devon deal is key to BP growth targets
For Tony Hayward, BP’s chief executive, the $7bn deal for a set of assets from Devon Energy of the US, including licences in the oil-rich waters off the coast of Brazil is a satisfying move. It also looks like a vindication of BP’s much criticised business model
Categories: News from the World
Violence mars protest by Greek unions
Riot police fired teargas at stone-throwing demonstrators in central Athens as a peaceful march by workers staging a 24-hour strike ended in disarray
Categories: News from the World
Google faces potential AdMob antitrust test
Google’s $750m acquisition of mobile advertising company AdMob faces a potential challenge by regulators concerned about the search company’s expanding reach
Categories: News from the World
Data theft hits 24,000 HSBC clients
An ex-employee of HSBC stole the details of 24,000 clients from a branch in Switzerland, in a hugely embarrassing theft of data for which the bank apologised unreservedly
Categories: News from the World
India’s ONGC and Russia in energy pact talks
India’s Oil and Natural Gas Corp is in talks with Gazprom and Rosneft over taking equity stakes in oil and gas projects to help cement an energy partnership
Categories: News from the World
Sarkozy hedges bets on UK election outcome
French president Nicolas Sarkozy and other senior figures in France’s governing UMP party are stepping up their contacts with Conservative leader David Cameron and his team
Categories: News from the World
Yanukovich tightens grip on Ukraine
Ukraine’s president Viktor Yanukovich strengthens his grip on power as a new governing coalition is agreed in parliament and one of his loyalists, Mykola Azarov, is appointed prime minister
Categories: News from the World
VW eyes convertibles to help pay for Porsche
Europe’s largest carmaker announces plans to launch a convertible bond issue alongside its multibillion-euro capital increase, in a move to woo investors wary of equity issues
Categories: News from the World
China data spur talk of further tightening
Pressure on Beijing to begin raising interest rates and to allow the renminbi to appreciate against the US dollar is set to rise as inflation jumped 2.7 per cent last month from a year before
Categories: News from the World
