The Canary

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The Independent Online
If the suit doesn't fit: Police have connected a run on suits at provincial Oxfam shops with the mysterious anti-capitalist J18 network, which is planning to bring the City to a standstill on 18 June. Protesters are understood to be intending to disguise themselves as bankers to infiltrate and disrupt the humble servants of mammon. Two things suggest J18's plan is flawed. The first is that no banker we know would be seen dead in an Oxfam suit, except our manager at Coutts. Second, 18 June falls on a Friday when everyone in the City will be dressing down in Ermenegildo Zegna chinos. Security men are simply instructed to wrestle to the ground anyone in a moth-eaten suit.

Web of intrigue: The latest money-making enthusiasm at Euromoney, the vanity financial publishing house part-owned by the Daily Mail group, is the World Wide Web. An enterprising salesman has apparently persuaded Belarussian banks to hand over pounds 70,000 for a website. Euromoney's price is based on links from its own pages ( going straight to the Belarussian site, the theory being that fund managers browsing the Euromoney site will click that Belarus is the place to invest next. More enterprising yet is the scheme to target the odd Serbian bank account. Euromoney is apparently planning a "Reconstructing Serbia" supplement. Next, possibly a guide to the real estate potential of Chinese embassy sites?

Junk is good: Europe's first dedicated high-yield investment firm, New Flag Asset Management, is hiring. Joining as chairman is Robin Monro- Davies,former head of Fitch IBCA, the credit rating agency. Anton Simon, chief investment officer, comes from Alfa Bank, one of the few Russian financial institutions to survive the August crash. Financiers in Moscow say that Russian corporate bonds will be all the rage this summer. Could they be the ultimate junk bond?