Source : Financial Times
The Wall Street Journal - Japan Firm Wins Race for RBS Unit .Royal Bank of Scotland Group is to sell its aviation unit to Japan`s Sumitomo Mitsui Financial Group Inc. for as much as $7.2 billion. - J.P. Morgan Sings Wall Street Blues .J.P. Morgan dampened the New Year rally for bank stocks, saying on Friday that its fourth-quarter profit fell 23% from a year ago amid a sharp slowdown on Wall Street. - EU Leaders Push Growth Focus .Italy`s Mario Monti and European Council President Herman Van Rompuy met to press Mr. Monti`s case for a focus on growth, while the EU said reliance on ratings firms should be `downgraded.` - The Risks in ECB's Crisis Moves .The European Central Bank`s swollen balance sheet has helped bring a measure of calm to volatile markets, but some believe it could itself become a problem and bring more volatility to the 17-nation currency bloc. - S&P Cuts Rating on Europe's Bailout Fund .Standard & Poor`s downgraded its long-term credit rating on Europe`s rescue fund to double-A-plus from triple-A, following its move last Friday to lower ratings on a number of euro-zone states. - Fitch Cuts Russia Outlook .Fitch cut the outlook on Russia`s triple-B rating to stable from positive, citing rising political uncertainty and the worsening global economic outlook. - Downgrades Drop Asia Stocks .Asian stock markets were beaten down, with mainland Chinese stocks falling for a fourth straight session, as Europe`s crisis regained the spotlight. The Nikkei slid 1.4%. - Euro Recovers Losses .The euro steadied Monday, trading little changed against the dollar after sliding to a 16-month low Friday, as the market tried to sort out the ramifications from Friday`s euro-zone sovereign-rating downgrades. - China Banks Name New Chairmen .Agricultural Bank of China said the banking regulator had approved the appointment of Jiang Chaoliang as its chairman. China Construction Bank appointed Wang Hongzhang as chairman and executive director. - Dr. Copper Gets a New Specialty .Copper and the U.S. stock market are telling opposite stories about the global economy. .
Source : The Wall Street Journal
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