Glencore gets Panorama-ed: Kate draws attention to John Sweeney's report in the Guardian, ahead of the BBC's Panorama programme on Monday which is set to broadcast a report on alleged links between Glencore's operations in the Democratic Republic of Congo, and mining for copper ore that's carried out there by children. Art attack! Or call it abstract corporate finance, says Paul. A six times market-cap offer from AimCo for V22, a collective art collection, has been rejected. Possibly because its collection is currently being revalued. Gobbling, gobbling, gobbling: The latest data from Tabb shows that as much as 19 per cent of all equity trade is being internalised by broker dealing banks. As Izzy notes, that means the volume never hits the public market at all. Could it be having a bigger effect on how markets function than people expect? Bringing Italian and Spanish debt home: Joseph says, hold the phone...something very interesting is happening in the Spanish banks/Spanish sovereign nexus. That's to say, it could be in better shape than the Italian version of the nexus. Is China at it again? Izzy wonders if commodity collateralised borrowing could be accounting for the hot money inflows into China which no other statistics can account for. Wall Street banks are resisting the Fed's plan to limit their exposure to individual companies and governments, warning it will cut a combined $1.2tn from credit commitments at Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America and Citigroup. European banks brace for downgrades, after Moody's Investors Service said Friday that it is delaying until early May its highly anticipated decision on whether to downgrade the credit ratings of 114 banks in 16 European countries. The private-equity firm is seeking to raise as much as $762.5m in the offering, with about 30.5m shares being offered at $23 to $25 each. A prospectus is expected on Monday. Markets: Growth-focused assets were mixed as traders remained nervous about Europe's fiscal condition. The FTSE All World equity index was down 0.2 per cent to sit less than a percentage point above its 2012 low. Copper, the industrial and development bellwether, was off 0.8 per cent at $3.59 a pound, to a three-month trough. Such global sentiment barometers have been under pressure over the past few weeks with investors becoming concerned that surging Spanish bond yields may reignite eurozone sovereign debt contagion fears. Adding to those worries were signs that the US economy may not be as strong as many had hoped - following some disappointing jobs data - and after first-quarter growth in China was shown to be at its weakest in almost three years. This entry was posted by Izabella Kaminska on Monday, April 16th, 2012 at 10:35 and is filed under Uncategorised.