Financial stories from the newspapers
A round-up of stories from the financial pages of today's newspapers...
Sovereign wealth funds make substantial investments in bank shares with Singapore leading the way - FT
London's share of foreign exchange trading volumes climbs while New York's declines - FT
Market research body CACI believes Tesco will increase its dominance over local retail markets in the coming years - FT
Massive fall in US house prices sparks fears of recession - Independent
Salvesen shares jump 26% as suitors prospects of takeover bidding war grow - Independent
Handbag maker Radley plans rapid expansion including 10 more stores in the UK within the next three years - Independent
Advertising agency M&C Saatchi is planning to expand into Central and Eastern Europe - Times
Virgin Mobile USA hopes to raise $375m from its Wall Street flotation - Times
Banks look likely to shun today's auction of loans from the Bank of England - Times
Law firms prepare to advise investors who lost money and companies going bust as results of credit crunch - Daily Telegraph
RBS's increased stake in ABN Amro puts it at odds with Federal Reserve takeover rules which prevent bidders from taking more than a 5% share in a target business - Daily Telegraph
Saatchi boss David Kershaw claims advertising sector was not harmed by the recent financial turmoil - Daily Telegraph
Trades in global currency markets soar and are now worth more than $3.2 trillion a day - Guard J Sainsbury launches new campaign in bid to be viewed as Britain's greenest and most socially responsible retailer - Guardian
Shipowners reap rewards of booming maritime markets as Chinese and Indian demand for coal and iron rockets - Guardian
And today's news from This is Money, the Daily Mail and the Evening Standard...
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