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Citywire Investment News
- Glencore and Xstrata strike $90 billion deal
Tue, 07 Feb 2012 07:34:26 Z
Glencore and Xstrata have agreed an all-share merger worth $90 billion, narking the industry's biggest ever deal.
- RLAM new business slumps 67%
Tue, 07 Feb 2012 07:25:12 Z
Net new business, excluding cash mandates, at Royal London Asset Management (RLAM) fell 67% over the 12 months ended in December.
- Sants: firms must drop 'narrow' attitude to regulation
Tue, 07 Feb 2012 07:08:59 Z
Financial Services Authority chief executive Hector Sants has called on banks, insurers and brokers not to 'think about what they can get away with' under the new 'twin peaks' framework.
- HNW satisfaction slides
Tue, 07 Feb 2012 06:50:00 Z
High new worth individuals (HNWIs) with their main contacts at UK wealth managers has fallen this year, with a sharp decline in those saying they are 'very satisfied' with the service received.
BBC Business News
- India miners face licence repeal
Tue, 07 Feb 2012 07:35:19 GMT
A panel appointed by India's Supreme Court recommends that the licences of as many as 49 iron ore miners should be cancelled.
- Glencore-Xstrata in $90bn merger
Tue, 07 Feb 2012 07:32:29 GMT
Anglo-Swiss mining group Xstrata announces a $90bn merger with Glencore, the world's largest commodity trader.
- Oil giant BP sees higher profits
Tue, 07 Feb 2012 07:29:22 GMT
Profits at BP rise as the firm prepares for legal action over its involvement in the 2010 Deepwater Horizon blast.
- UBS profits down on weak business
Tue, 07 Feb 2012 07:00:38 GMT
Profits at Swiss bank UBS slump by three-quarters and the outlook remains tough as the eurozone crisis saps business.
BBC News
- Syria army renews assault on Homs
Tue, 07 Feb 2012 07:40:14 GMT
The Syrian army resumes heavy shelling in the restive city of Homs as Russian Foreign Minister Sergei Lavrov is due in Damascus for talks.
- 'BBC journalists' held in Iran
Tue, 07 Feb 2012 07:32:42 GMT
Reports from Iran say several people have been detained for alleged links to the BBC's Persian Service, which is banned in the country.
- Glencore-Xstrata in $90bn merger
Tue, 07 Feb 2012 07:32:29 GMT
Anglo-Swiss mining group Xstrata announces a $90bn merger with Glencore, the world's largest commodity trader.
- Oil giant BP sees higher profits
Tue, 07 Feb 2012 07:29:22 GMT
Profits at BP rise as the firm prepares for legal action over its involvement in the 2010 Deepwater Horizon blast.
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