Monday, March 5, 2012

Tearful Putin Claims Russian Election Victory, Greek Bond Swap Deal Rests on Knife-Edge

From Russian with love, updated from Russian election, Tearful Putin claims election victory, Former spy given 65% of vote, meaning there is no need for a second round of voting in Russia presidential elections, wow this is Putin last stand

From Greek update, Greek bond swap deal rests on knife-edge, Tender offer gets off to slow start, with advisers trying to round up non-institutional holders. Greek investors reluctant to sign up the deal scheme

Meanwhile, China's defence spending to rise 11.2%, China plans to boost its official defence budget by 11.2% this year as Beijing balances modernisation with the need to hit growth targets

All Banks drag heels on living wills
Independent research showed only one bank out of 29 globally considered itself to have finished a draft recovery and resolution plan on Eurozone members

EU to push quota for women directors
The EU justice commissioner is to announce the first step towards European-level legislation to improve gender balance on corporate boards

JPMorgan start to launch own hedge fund, Mike Stewart, head of proprietary trading, is to leave the bank to set up Whard Stewart ahead of regulatory changes arising from the Volcker rule

From manufacture news, Pipeline groups reap crude trade benefits, Energy market's toll-road operators emerge as some of the most successful crude traders in North America as booming supply upends prices

What a great... Apple's App Store tops 25bn downloads, Company announces milestone for applications four years after making toolkit available to developers that led to explosive growth

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