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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

Rights issues path to raise fresh capital

No-nonsense Hester tipped for bank’s hot seat

Finance chiefs sharpen axes

Lloyds rescue of HBOS stays on track

Green deal to wrest Baugur control from Jóhannesson

Nomura sees its future looking back to era of conservative bankers

Premier Foods talks to private equity over cash injection

Handful of the old guard stay on to aid integration

Housebuilding woes continue

Advanced Power seeks sale

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