Yahoo – It is looking likely that Yahoo’s Alibaba stake may be realised while outside investors are lining up to take a chunk in the US internet company itself. The first rumour is significant. The second is irrelevant.
European banks – Which banks are gaining from eurozone banks’ woes?
Audit reform – Forget the details, the key thing the European reforms need to encourage is the creation of another auditor to compete with the Big Four.
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