News that Matters

Temasek, the Singapore state-owned investment company, is
selling its shares in Bank of China and China Construction Bank, raising about
$3.6bn, the FT says. The sales of the group’s stakes are
thought http://ftalphaville.ft.com/thecut/2011/07/06/613841/temasek-sells-3-6bn-in-chinese-bank-shares/

The Commodity Futures Trading Commission has for the first
time revealed that almost 95 per cent of US crude oil futures volume is
generated by day trading or betting on arcane price relationships, the FT
reports http://ftalphaville.ft.com/thecut/2011/07/06/613751/cftc-reveals-day-traders-roll-in-oil-markets/

The eurozone’s big banks will meet again in Paris on
Wednesday in an attempt to end the deadlock with European authorities over the
terms of investors’ participation in the restructuring of Greek sovereign
debt http://ftalphaville.ft.com/thecut/2011/07/06/613741/banks-meet-to-sweeten-greek-terms/

Another wobble in the “peripheral” European economies has
sent risk-takers fleeing, putting an exclamation point on the end of a Greek
relief rally, the FT reports. Late on Tuesday, Moody’s, the US rating
agency,http://ftalphaville.ft.com/thecut/2011/07/05/613726/rally-hobbled-as-eurozone-fears-nag/

Rupert Murdoch’s top executives are battling to contain the
fallout from the phone-hacking scandal at the News of the World, the FT
reports, amid fresh allegations that threaten past and present senior staff of
its UK newspapers and could further embarrass David Cameron’s government. News
Corp was standing by Rebekah Brooks http://ftalphaville.ft.com/thecut/2011/07/06/613781/murdoch-tabloid-phone-hacking-fallout-spreads/

All News Check  News that Matters

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