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Britain will permit banks to accept more volatility in order to remain viable
To maintain the City of London's position as a preeminent global financial centre, Britain will reform its banking regulations to permit banks to take...
A wider Africa crude phaseout will force Exxon out of Equatorial Guinea
After its licence expires in 2026, Exxon Mobil Corp (XOM.N) will cease production of oil in Equatorial Guinea and depart the nation, according to...
Black Friday for U.S. retailing shares was numbed as Christmas shopping begins
In a day when rising interest rates and inflation are having a significant impact on Main Street, investors monitored holiday spending to get a...
Weekly U.S. unemployment filings at a 3-month peak; key capital expenditures rise
Despite mounting layoffs in the tech sector, the number of Americans submitting new claims for jobless benefits rose to a three-month peak last week....
Massive Foxconn iPhone factory in China shaken by new labour unrest
At the Foxconn (2317.TW) flagship iPhone factory in China, hundreds of workers participated in protests, with some individuals breaking windows and security cameras, according...