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S&P downgrade and debt crisis: as it happened January 13, 2012

European bond yields rise after fears S&P will 'imminently' downgrade several eurozone countries and Greek debt write-off won't be voluntary. Go here to see the original: S&P downgrade and debt crisis: as it happened January 13, 2012

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France credit rating cut puts eurozone bail-out fund at risk

The €440bn eurozone bail-out fund faced fresh threats last night after France, its second-largest contributor, was stripped of its AAA credit rating for the first time. See the original post here: France credit rating cut puts eurozone bail-out fund at risk

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Betfair agrees to pay out over voided bets at Leopardstown

Betfair has agreed to make almost £100,000 of ex-gratia payments to irate punters who saw their bets voided after a technical glitch on a race at Leopardstown. Read the original here: Betfair agrees to pay out over voided bets at Leopardstown

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US economy picking up, says Federal Reserve’s Beige Book survey

The US economy improved in the final six weeks of last year, according to the latest survey from the Federal Reserve. Read the original: US economy picking up, says Federal Reserve's Beige Book survey

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Germany’s stance on financial transaction tax risks French rift

Angela Merkel has warned that German support for the financial transaction tax is not guaranteed, in a move that could open up a rift with France just days before the next European summit. Read the original post: Germany's stance on financial transaction tax risks French rift

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GlaxoSmithKline hurt by new lung drug data

GlaxoSmithKline was laid low on Monday after the results from a late-stage study of its new lung drug underwhelmed investors. See the original post: GlaxoSmithKline hurt by new lung drug data

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How private equity plundered profitable Greek telecoms company Hellas

The 'exotic securities' and debt that crippled Greek phone operator. Read the rest here: How private equity plundered profitable Greek telecoms company Hellas

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Probe into role of Morgan Stanley and Ernst & Young in Hellas collapse

An investigation has been launched into the €3.4bn collapse of Wind Hellas and former shareholders Apax, TPG and Weather Group, as well as its advisers, Morgan Stanley and Ernst & Young. Read the rest here: Probe into role of Morgan Stanley and Ernst & Young in Hellas collapse

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BP North Sea fire ‘could have been fatal’

A fire on a BP platform in the North Sea last year could have led to fatalities, regulators said, as the British oil major once again came under attack for safety breaches. See the rest here: BP North Sea fire 'could have been fatal'

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Waitrose sets the bar high for rivals

Waitrose, the John Lewis Partnership's supermarket chain, more than matched its sibling business in the department stores with Christmas trading figures on Thursday. Read more here: Waitrose sets the bar high for rivals

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