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New bank standards to be phased in from 2013: bankers
Stricter international banking standards should be ready by 2013, sooner than expected, but should not affect the wider economy, German central bank leaders said Wednesday.
Yahoo! UK - business - 5:30 p.m. Wednesday 8th September 2010 BST
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Vodafone loses tax appeal in India
British mobile phone giant Vodafone lost a legal appeal Wednesday against an Indian tax bill estimated to be 2.0 billion dollars relating to the group's 2007 purchase of local group ...
Yahoo! UK - business - 5:03 p.m. Wednesday 8th September 2010 BST
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Global stocks rise on Europe relief, yen eyed
U.S. share prices rebounded on Wednesday, aided by gains in European markets, while the stronger yen tested the Bank of Japan's resolve to cut the currency down from its 15-year ...
Yahoo! UK - business - 4:54 p.m. Wednesday 8th September 2010 BST
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Demand in emerging markets powers European recovery
The German economy is striding into recovery, pulled by its formidable export machine and diverging from France which is struggling with a trade deficit, latest data shows while small Europe ...
Yahoo! UK - business - 4:46 p.m. Wednesday 8th September 2010 BST
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EU positive on Irish decision on Anglo-Irish
European Union competition chief Joaquin Almunia backed on Wednesday Ireland's decision to split the nationalised Anglo-Irish bank into two institutions in the process of winding down the ailing lender.
Yahoo! UK - business - 4:24 p.m. Wednesday 8th September 2010 BST
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BP takes share of blame for Gulf oil spill
Failures by BP and other companies led to the Gulf of Mexico oil disaster, the British energy group concluded on Wednesday as it sought to defend itself against possible multi-billion-dollar ...
Yahoo! UK - business - 4:11 p.m. Wednesday 8th September 2010 BST
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UK manufacturing healthy in July but slowdown seen
British factory output maintained a healthy pace of growth in July, official data showed on Wednesday, but a slowdown in both manufacturing and the broader economy looks inevitable to economists.
Yahoo! UK - business - 4:10 p.m. Wednesday 8th September 2010 BST
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Ireland to wind-down Anglo; cost known in October
Ireland's government outlined a compromise solution for winding down troubled Anglo Irish Bank on Wednesday but failed to put either a price or a timeline on its plan.
Yahoo! UK - business - 4:09 p.m. Wednesday 8th September 2010 BST
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EU suspends WTO dumping sanction bid against US
The European Union said Wednesday it had suspended a request at the World Trade Organization for the right to impose sanctions on Washington over a controversial US anti-dumping calculation.
Yahoo! UK - business - 3:59 p.m. Wednesday 8th September 2010 BST
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Jumpstart for Nordic economic recovery
Sweden and Finland, posting soaring economic growth on Wednesday, appear to be making a spectacular recovery from the deep recession their export-reliant economies experienced during the global financial crisis.
Yahoo! UK - business - 3:33 p.m. Wednesday 8th September 2010 BST
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