November 26, 2010 / 4:01 AM / 9 years ago

PRESS DIGEST - Financial Times - Nov 26

The Financial Times

CITI EYES EUROPE RETAIL REVIVAL

Citigroup is planning to open a small network of flagship bank branches in key Western European cities next year to re-focus its retail offer on affluent "global citizens." here tml#axzz16LrFN3vL

BANK DIVISIONS ARE LAID BARE

Divisions within the Bank of England over governor Mervyn King’s “excessively political” support for the coalition government’s fiscal austerity programme were laid bare during parliamentary questioning.

here tml#axzz16LrFN3vL

EUROZONE FEARS GROW AS COST OF BORROWING HITS RECORD

The cost of borrowing for the eurozone's peripheral economies rose to record highs on Thursday amid signs the debt crisis that forced Ireland into a multibillion-pound bail-out is spreading. here tml#axzz16LtONz9j

THOMAS COOK DEAL BRINGS RUSSIAN TOUR OPERATOR IN FROM THE COLD

After secret talks in a room designed to prevent bugging, British tour operator Thomas Cook has bought a majority stake in Intourist, the Russian travel agency founded under Joseph Stalin. here tml#axzz16LuN6UZK

TIME OUT PLANS DIGITAL EXPANSION AFTER SELLING 50 PCT STAKE

London-listed private equity group Oakley Capital has bought a 50 percent stake in time Out, the publisher of listings entertainment and events for cities ranging from Beijing to Tel Aviv. here tml#axzz16LuVmdst (Summary compiled by Reuters) (Created by Sugita Katyal)

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