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Fair value rules come under scrutiny
Accounting rulemakers are considering easing controversial fair value rules to try to head off EU action in spite of warnings from auditors that Brussels’ proposals could leave them struggling to validate accounts
Rush to put private commodities contracts on exchanges
Commodities traders are rushing their private bilateral contracts into exchanges and clearing houses as they race to reduce their counterparty risk amid a deepening financial crisis
Baugur offers a lot of retail bang for the buck
Tanned and relaxed, Sir Philip Green sat in a dark meeting room in downtown Reykjavik on Friday ahead of a whirlwind tour of Icelandic government officials and bankers
Nomura sees its future looking back to era of conservative bankers
As the world braces itself for another week of mayhem on the financial markets, there will be a small celebration of eastern culture in Canary Wharf
Britannia holds talks with Co-op arm on merger
Britannia, the UK’s second-largest building society, is in early discussions with the financial services arm of the Co-operative Group about combining the two businesses
Confidence on rocks in shipping sector
One topic dominated the thinking of worried-looking shipping executives in Athens last week for the Financial Times’ World Shipping Congress. On the fringes, all were examining the implications of a sudden breakdown of key networks of trust and mutual confidence
Shipping sector hit by credit crisis
The credit crisis sweeping around the globe is drastically curtailing shipping activity as shippers cancel contracts with shipowners because of difficulty obtaining trade finance
Fidelity cuts jobs as funds contract
Up to 200 UK jobs are to go at Fidelity International as the fund manager renews efforts to reduce costs and contain the damage to profits
Advanced Power seeks sale
A power station developer backed by 3i, the private equity house, has put itself up for sale, hoping to cash in on the looming energy gap in Europe and the US
Housebuilding woes continue
Housebuilders are bracing themselves for another torrid week as industry data look set to add another dose of gloom to the ailing sector






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