Mon, 9th Jan 2012 02:06 Financial Times
BASEL REJECTS PLEA FOR DELAY TO LIQUIDITY BUFFERS
Banks will be re
quired to hold emergency stocks of
easy-to-sell assets starting in 2015 but will be permitted to
dip into these liquidity buffers during times of stress, said
global regulators meeting in Basel, Switzerland.http://www.ft.com/cms/s/0/d11c609c-3a25-11e1-a8dc-00144feabdc0.html#axzz1itXDsiHg
UK'S CAMERON VOWS TO CRACKDOWN ON EXECUTIVE PAY
British Prime Minister David Cameron has vowed to crack down
on the 'market failure' that has led to what he called
'excessive growth' in executive pay, but appears to be backing
away from some of the more radical proposals to deal with the
issue.http://www.ft.com/cms/s/0/088b69ae-39e7-11e1-8707-00144feabdc0.html#axzz1itXDsiHg
BRISTOL BUYS INHIBITEX FOR HEPATITIS C TREATMENT
Bristol-Myers Squibb, the pharmaceuticals group, has
agreed to pay $2.5 billion for Inhibitex, the smaller
biopharmaceutical company with a promising hepatitis C
treatmenthttp://www.ft.com/cms/s/0/b99482d0-3a23-11e1-a8dc-00144feabdc0.html?ftcamp=rss#axzz1itXDsiHg
MECOM SEEKS SALE OF POLISH BUSINESS
Mecom, the pan-European newspaper publisher, is
looking to offload its Polish business in a move that highlights
management's plan to focus on its core Dutch operations.http://www.ft.com/cms/s/0/8b28f726-3a1b-11e1-a8dc-00144feabdc0.html#axzz1itXDsiHg
RBS EXECUTIVE IN LINE FOR BONUS PAYOUT
The head of Royal Bank of Scotland's embattled
investment bank, John Hourican, is in line to receive a special
bonus this year of more than 4 million pounds, an award that
will be contentious given the government's vow to crack down on
excessive executive pay.http://www.ft.com/cms/s/0/478beb8c-3a29-11e1-a8dc-00144feabdc0.html#axzz1itXDsiHg
UK LEAVES DOOR OPEN FOR CASH TO IMF
British Prime Minister David Cameron has left open the door
to Britain giving billions of pounds of new support to the
International Monetary Fund -- and indirectly to ailing members
of the eurozone -- in a move likely to infuriate eurosceptic MPs
in his own Conservative Party.http://www.ft.com/cms/s/0/d3c0fade-3a01-11e1-a8dc-00144feabdc0.html#axzz1itXDsiHg
GREEK BONDHOLDERS POISED TO ACCEPT HIGHER LOSSES
Holders of Greek bonds are set to accept higher losses as
the contentious negotiations over writing down Athens' debt
burden come to a head in the next week.http://www.ft.com/cms/s/0/acaa7900-3891-11e1-9ae1-00144feabdc0.html#axzz1itXDsiHg
AXA RAISES FUND FOR REAL ESTATE
Axa, one of Europe's largest insurers, has raised
a fund that will invest up to 2.5 billion euros towards the
development of offices and shopping centres across the
continent, in an effort to exploit the gap left by the retreat
of banks and other debt providers from property lending since
the crash.http://www.ft.com/cms/s/0/7044be4e-39f4-11e1-a8dc-00144feabdc0.html#axzz1itXDsiHg
BSKYB BUYS STAKE IN ZEEBOX START-UP
British Sky Broadcasting is looking to harness
viewers' growing use of Twitter and Facebook while watching
television with its investment in technology start-up Zeebox.http://www.ft.com/cms/s/0/5da1315e-3a1d-11e1-a8dc-00144feabdc0.html#axzz1itXDsiHg
RACE TO BECOME NOKIA'S CHAIRMAN NEARS END
Nokia, the Finnish telecoms group, has lined up
Risto Siilasmaa, founder and chairman of the Finnish software
security company F-Secure, as its next chairman. http://www.ft.com/cms/s/0/afcaf064-39f0-11e1-a8dc-00144feabdc0.html#axzz1itXDsiHg
($1 = 0.6490 British pounds)
(Reporting by Stephen Mangan)
Keywords: PRESS DIGEST FINANCIAL TIMES JAN 9
(stephen.mangan@thomsonreuters.com)(+44)(0)(207 542 7931)
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