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World Market Overview 25/02/2011

Asian stock markets advanced for the first time in five days on Friday as oil prices fell below $100 a barrel on easing concern about supply disruptions.

World Market Overview Feb 25

U.S. stock markets ended mixed in a volatile session on Thursday as oil prices eased and encouraging job data helped the market to stabilize in the final hours.

Qatar expresses interest in buying stakes in RBS, Lloyds

British Prime Minister David Cameron arrives for a news conference with Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jaber al-Thani

The Persian Gulf kingdom of Qatar has expressed some interest in investing in two major partially-nationalized British banks, Royal Bank of Scotland (NYSE: RBS) and Lloyds Banking Group (NYSE: LYG).

U.S. panel approves final duties on China drill pipe

December industrial output slows to 20-month low

India's annual industrial output in December rose at its slowest pace in 20 months on a higher base last year and stretched capacities at factories, but the Reserve Bank will likely continue tightening monetary policy to tame high headline inflation.

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Analysis: Be careful what you wish for: the China Price starts

Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.

I.Coast oil firm fears sanction hit

EU sanctions aiming to squeeze Ivory Coast incumbent Laurent Gbagbo's access to funding could hurt the nation's 40,000-barrel-per-day oil sector and may shut down its 80,000 bpd refinery within months, according to the head of the state oil firm.

Australia's Tatts eyes bank market to refinance A$700 mln

Australian gaming and wagering company Tatts Group Ltd is considering refinancing its A$700 million in bank debt with its existing lenders after tapping the U.S. private market in December, its chief financial officer said on Wednesday.

A pedestrian passes the head office of the Lloyds Banking Group in London

Banks should be allowed to fail: BoE deputy governor

Banks must be allowed to fail in order for capitalism to succeed according to Paul Tucker, the deputy governor of The Bank of England (BoE).

Sahara India acquires Grosvenor House for 470 mln pounds

India's business conglomerate, Sahara India, announced on Thursday that the group acquired the iconic Grosvenor House hotel in London from The Royal Bank of Scotland Group plc for 470 million pounds.

Traders work on the floor of the New York Stock Exchange

Stocks rise on deals, China’s support for EU

The stock market rallied modestly on U.S. mergers and acquisitions (M&A) activities and China’s continued support for European Union’s (EU) sovereign debt market.

Former minister calls for break-up of RBS and Lloyds

Paul Myners, the former Financial Services Secretary during the Labour government of Prime Minister Gordon Brown, has called for the break-up of UK partly-nationalized banking giants Lloyds Banking Group (NYSE: LYG) and Royal Bank of Scotland (NYSE: RBS).

Irish banks hammered in early U.S. trading

Despite signs that the government of Ireland will receive a huge bailout package from the European Union (EU) and International Monetary Fund (IMF), Irish banks that trade in the U.S. as ADRs are getting hammered this morning in early trading.