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Tuesday Financial Market Headlines

Chinese HSBC services PMI which rose to a four-month high of 54.0 from 51.7 in December

RBA minutes which saw the bank leave rates unchanged at 3.00%

S&P credit rating agency faces lawsuit over ratings - Telegraph

Hedge Funds are taking large short positions for UK retailers, in a bet that further high street chains will collapse - CityAM

SGX in talks over taking a stake in LCH.Clearnet - Financial Times

Ford expect to spend $5bn this year shoring up its pension fund – WSJ

Investor confidence in the UK rail industry “couldn’t get much worse” in the wake of the West Cost rail franchise fiasco - The Daily Telegraph

UK The NIESR downgraded its economic assessment and now sees the economy expanding 0.7% in 2013 (vs 1.1% in Nov) and 1.5% in 2014 

UBS posts quarterly loss on Libor fine, reorganisation costs - Bloomberg

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