Brazil Unveils Measures to Boost Growth

Brazil unveils measures to boost industry. Moves will cost the treasury R$5.8bn in foregone taxes. (Financial Times 16/04/12)

China made one of its strongest moves yet to show that it believes the yuan is ready to become a global currency by loosening daily trading limits. (The Wall Street Journal 16/04/12)

Carlyle takes cautious approach in IPO price. Carlyle Group plans to sell 30.5 million shares priced between $23 and $25 in its initial public offering, valuing the firm toward the lower end of what had been expected. (The Wall Street Journal 16/04/12)

Landlords warn on UK stamp duty. New 15% rate for £2m homes to hurt industry. (Financial Times 16/04/12)

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Referendum by Irish Government on New Treaty

The Irish government said a referendum on the European Union’s new fiscal treaty will be held on May 31, formally starting a campaign to persuade voters to back the compact or risk exclusion from access to future bailout funds. (The Wall Street Journal 28/03/12)

The export-import banks of the BRICS group of five emerging economies are in advanced stages of concluding pacts on extending credit in local currencies, India’s minister for commerce and industry said. (The Wall Street Journal 28/03/12)

Investors in Brazil feel tied on land issue. Billions on hold amid legal hiatus on investment. (Financial Times 28/03/12)

U.K. Royal Mail lifts stamp prices to record high. Increases come as service heads for privatisation. (Financial Times 28/03/12)

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Germany not likely to support big increase in Europe Rescue Fund

Fed doubts big US jobless falls will last. Bernanke warns labour market strength in the US may be temporary. (Financial Times 27/03/12)

Abu Dhabi fund to buy into Brazil’s EBX. Mubadala to invest $2bn in return for 5.63% stake. (Financial Times 27/03/12)

Merkel dashed hopes that Germany would support a major increase in Europe’s rescue funds, proposing instead a temporary boost that critics worry will do little to prevent another flare-up of the region’s debt crisis.(The Wall Street Journal 26/03/12)

HSBC said it is in talks over a possible sale of its retail banking and wealth management business in Mauritius, in its latest move to slim down its global operations to maximize profitability.(The Wall Street Journal 26/03/12)

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International Financial System Requires “Drastic” Reform

The international financial system requires “drastic” reform if future crises are to be avoided, including more regional initiatives to tackle misaligned exchange rates and the wider use of capital controls, the head of a U.N. agency said. (The Wall Street Journal 26/03/12)

Merkel set to allow firewall to rise. Berlin poised to climb down over eurozone funds. (Financial Times 26/03/12)

BRiC countries to discuss common development bank. The group is looking to build shared institutions. (Financial Times 26/03/12)

Some of the world’s largest insurance companies are gearing up to compete for ING Groep’s Asian life-insurance arm, potentially creating a bidding war that could reach $6 billion. (The Wall Street Journal 26/03/12)

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Greece Passes Key Debt – Marbella Lawyer Post

Greece passes key debt test. Just over 80% of Greece’s private-sector creditors had agreed to turn in their bonds for new ones with less than half the face value, touching off a massive debt swap. (The Wall Street Journal 9/3/2012)
MF Global still set to pay bonuses. Three top executives of MF Global when it collapsed could get bonuses of as much as several hundred thousand dollars each under a plan by a trustee overseeing the securities firm’s bankruptcy case. (The Wall Street Journal 9/3/2012)

European Central Bank President Mario Draghi signaled that, despite signs that the euro-zone economy may contract this year, further interest-rate cuts and other stimulus measures are unlikely as the bank confronts stubbornly high inflation. (The Wall Street Journal 9/3/2012)

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Athens Issues Threat to Bond Holders

Athens issues threat to bond holdouts. Default warning to any debt holders not joining restructuring. (Financial Times 06/07/12)

French President Nicolas Sarkozy offered plans to create a minimum tax on profit of large companies if re-elected for a second term in elections this spring. (The Wall Street Journal 06/07/12)

New jobs in the UK boost hopes of labour market revival. Nissan and Tesco to employ further 22.000 in next two years. (Financial Times 06/07/12)

A hedge fund is accusing a Clear Channel unit of improperly shifting $656 million to its parent, which is owned by private-equity firms Bain Capital and Thomas H. Lee. (The Wall Street Journal 06/07/12)

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US Economy Picks Up – Marbella Lawyer Post

US economy picks up. Risks remain. After more than two years of frustrating fits and starts, the U.S. economy is showing signs of moving onto firmer ground. A host of reports underscored that point, as well as the perils that persist. (The Wall Street Journal 02/03/12)

Oil leaps to highest level since mid-2008. (Financial Times 02/03/12)

Brazil declares new “currency war”. Government extends tax on foreign borrowings. (Financial Times 02/03/12)

Loans to banks cool debt crisis. Buyers lined up for auctions of government debt, strong evidence that the wave of cash injected into lenders by the ECB is finding its way to stressed governments. (The Wall Street Journal 02/03/12)

Argentina’s government has asked companies to stop importing products from the U.K., in the latest escalation of tensions between the countries over the Falkland Islands. (The Wall Street Journal 02/03/12)

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G20 Discuss Increasing Eurozone Rescue Fund

Finance ministers and central bankers from the Group of 20 advanced and developing economies, after a two-day meeting in Mexico, indicated they anticipate an agreement to expand Europe’s rescue fund, of two billion dollars, next month. (The Wall Street Journal 27/02/12)

Chancellor Angela Merkel’s effort to rally Germans behind her strategy for saving Greece and the euro suffered a blow after a senior member of her government said Athens should be encouraged to leave the currency bloc. (The Wall Street Journal 27/02/12)

World Bank President Robert Zoellick said that China’s economic growth model is “unsustainable” and urged deep reforms to avoid a sharp downturn on growth over the coming two decades. (The Wall Street Journal 27/02/12)

Wells Fargo set for further expansion. US bank plans to increase size of wealth and insurance units. (Financial Times 27/02/12)

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Spain Presses EU to Ease deficit targets – Marbella Lawyer Post

Madrid presses EU to ease deficit targets. Spanish economy forecast to contract 1%. (Financial Times 24/02/12)

ECB chief Draghi warned European countries that there is no escape from tough austerity measures and that the Continent’s traditional social contract is obsolete.(The Wall Street Journal 24/02/12)

Europe and US to clash over online data protection. Proposal for a series of agreements between consumer groups and online advertisers to be pioneered by US. (Financial Times 24/02/12)

Lloyds Banking Group posted a full-year net loss of £2.8 billion, hit by impairment charges and restructuring costs, and said the medium-term outlook remains challenging. (The Wall Street Journal 24/02/12)

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G20 Asks Europe to Beef up Funds

G-20 asks Europe to beef up funds. Members of the Group of 20 advanced and developing economies plan to renew pressure on Europeans in coming days to expand their Continent-wide bailout funds, despite the latest rescue deal for Greece. (The Wall Street Journal 23/02/12)

Germany fights eurozone firewall moves. Berlin confident in €500bn European stability mechanism. (Financial Times 23/02/12)

SEC Chairman Schapiro said she is worried about the role of high-frequency traders in the stock market and hinted at new policies aimed at curbing frenetic market activity. (The Wall Street Journal 23/02/12)

RBS said that it slumped to a 2011 full-year net loss of nearly $3.13 billion as the euro-zone crisis continued to weigh on its investment banking division and Greek debt write-downs hurt the U.K. bank’s bottom line. (The Wall Street Journal 23/02/12)

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