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  Tuesday, July 3, 2012
  Today
Q2 global investment banking fees tank by 25%
The fees totaled nearly $14 billion in the Q2, down from more than $18 billion in Q1 of 2012. Year to date, fees have totaled $32 billion, down 25% from the same period in 2011, reaching its lowest level since early 2009 as Eurozone crisis weighs down on securities underwriting and merger activity...
Derivatives sinking JPMorgan
The original estimates of $2 billion in losses for JPMorgan Chase & Co's Q2 earnings will likely increase to between $4 billion and $6 billion, far exceeding investors' initial worries...
Beer under new ownership
The largest brewer in the world, Anheuser-Busch InBev, just got bigger as it completes its acquisition of the remaining half of Mexican brewer Grupo Modelo for $20.1 billion...
Portugal faced with weak GDP outlook
The country’s construction sector, which is its largest employer, faces numerous unemployment and bankruptcies, risking repayment of 38 billion euros in debt to banks, the head of Construction and Real Estate Confederation said on Thursday...
  Featured Article
System evolution
An Ernst & Young study reports the MPF system in very good shape and on track among peer pension systems. Josef Pilger, Executive Director of Financial Services at E&Y Sydney highlights the rollout of employee choices will further help the system increase efficiency...
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  Events
  Most Read in the past 7 days
IMF and EU lend Cyprus bailout lifeline
The Mediterranean island won support from its Eurozone partners and the IMF this Wednesday for bailout funds, making it the fifth country forced to seek protection from contagion...
Mining merger on ice as forces collide
The landmark merger between mining giants Glencore and Xstrata could be on the brink of collapse as shareholders, most notably Xstrata's second largest shareholder Qatar Holding, call for improved terms...
New Zealand surprise all with trade surplus
Statistics New Zealand reported a seasonally adjusted merchandise trade surplus of NZ$301 million in May, representing 6.8% of exports...
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