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Darling ‘blocked’ Lehman takeover
Hank Paulson, former US Treasury secretary, has claimed in his new memoir ‘On the Brink’ that UK chancellor Alistair Darling blocked a rescue takeover of Lehman Brothers by Barclays Bank by refusing to support special treatment by UK regulators.
US GDP growth fastest in six years
The US economy grew at its fastest rate since 2003 in the fourth quarter, according to figures on Friday, rising at an annualised rate of 5.7% on growing business investment and consumer spending.
Vivendi guilty of misleading investors
Vivendi could face billions of euros in potential damages after a New York court found the French entertainment group guilty on all 57 counts of misleading shareholders about its health over two-year, $77bn acquisitions spree.
Greece’s deficit sends Euro to six-month low
The euro ended last week at a six-month low against the dollar as concerns over the health of Greece’s finances escalated.