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BC-Business News Digest

ARGENTINA-SEIZED SHIP

MAR DEL PLATA, Argentina â¿¿ An Argentine naval ship detained for more than two months in Ghana because of a billion-dollar international debt dispute returned home to a triumphant welcome. By Damian Pachter.

AP Photo.

â¿¿ GERMANY-ECONOMY â¿¿ Industrial production in Germany, Europe's biggest economy, rose 0.2 percent in November, less than expected and not enough to offset a substantial fall in October.

â¿¿ IRAN-INFLATION â¿¿ Iran's central bank says the annual inflation rate hit 27.4 percent at the end of 2012, one of the highest rates ever quoted by Iranian authorities.

â¿¿ SPAIN-FINANCIAL CRISIS â¿¿ Spanish banks are meeting with labor unions to discuss massive layoffs, hours ahead of protests by bank workers in seven cities.

â¿¿ IRELAND-BANK OF IRELAND â¿¿ The Irish government is selling at least half of its bonds in Bank of Ireland, the only Irish bank to avoid nationalization after the country's property boom went bust. It's another important step away from Ireland's 2010 bailout and a return to normal borrowing.

â¿¿ BRITAIN-EU â¿¿ Business leaders warn U.K.'s David Cameron that pulling out of the EU would be bad for economy.

â¿¿ MYANMAR-CORRUPTION â¿¿ Reformist Myanmar president establishes high-level team to fight corruption, the latest reform for the country's newly unshackled economy.

â¿¿ SWEDEN-GARLIC SMUGGLERS â¿¿ Swedish prosecutors have issued international arrest warrants for two Britons suspected of masterminding a smuggling ring involving Chinese garlic.

______

A sampling of Money & Markets modules is below. The full digest for AP's Money & Markets service can be found at markets.ap.org. For questions about Money & Markets content, please contact Trevor Delaney (800-845-8450, ext. 1807). For technical support: Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help.

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