| CAPITAL MARKETS |
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| Record global sales of junk bonds Junk bond issuance totalled a record $19.6bn last week, including a sizeable chunk of debt that Euro |
| New York Fed weighs fresh securities auction Decision due in days on whether to sell bundled mortgage securities acquired during the AIG bail-out |
| ECB tonic buys time for eurozone The ECB’s longer-term financing operations have bought time for the region, but investors and strate |
| Institutions warm to leveraged and inverse funds Interest among institutional investors is growing for leveraged and inverse ETFs |
| COMPANIES NEWS |
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| Glencore pays a price for Xstrata deal Investors in Xstrata would receive 2.8 Glencore shares for every share in the mining group they hold |
| Europe’s banks face challenge on capital According to one person close to the process, as much as half of the measures outlined in those plan |
| UK looks to bridge regulatory divide with US Enforcement actions have reinforced the view that the UK is lighter on markets policing but that cou |
| Facebook to tap mobile ads for revenue Launch of ‘sponsored stories’ ads likely in March after investors warned filing for IPO showed a lac |