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In the wake of the credit crisis, the world’s biggest banks are calling for dramatic revisions to the securitisation and derivatives industries, in a series of reforms outlined by a study headed by ex-New York Fed chief Gerald Corrigan
Xstrata continued to build up a stake in Lonmin after making a surprise $10bn hostile takeover bid for the platinum producer, which was rejected
The International Monetary Fund cuts its growth forecasts for the UK economy over the coming two years
Broadcaster ITV says half-year profits fell 28% and predicts this autumn’s advertising revenue will be much lower than last year.
In the wake of the credit crisis, the world’s biggest banks are calling for dramatic revisions to the securitisation and derivatives industries, in a series of reforms outlined by a study headed by ex-NY Fed chief Gerald Corrigan
Insurer Old Mutual has posted a bigger than expected hit from troubles at its U.S. arm after markets deteriorated beyond its forecasts and warned that sales there could dip as a result in 2008, sending its shares lower.