Banks To Overhaul Gold-Fix Amid Rigging Fears

By Mark Kleinman, City Editor The banks which set the global price of gold are to open the process to independent scrutiny amid evidence that it has been subject to the same manipulation as other crucial financial benchmarks. Sky News can exclusively...

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China GDP Growth Accelerates To 7.5% In Q2

The Chinese economy is showing signs of accelerating again after its slowdown from the double-digit GDP growth of the past decade. Targeted stimulus measures were being credited by analysts for 2% growth in the second quarter - giving the country a...

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Royal Mail 'Faces French Competition Fine'

Royal Mail has confirmed its French parcels business is under investigation by competition authorities and admitted it may face a hefty fine. The company said it had been served a notice by the Autorite de la Concurrence in France that it was facing...

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Banks Summoned Over 'Doomsday' Stress Tests

By Mark Kleinman, City Editor Britain's biggest lenders have been summoned to the Bank of England (BoE) as the industry prepares to undergo a searching test of its ability to withstand a sterling and housing market crash. Sky News has learnt that...

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Watchdog Warning On Price Comparison Sites

Some price comparison websites are failing to meet regulatory standards, according to the Financial Conduct Authority (FCA). The City regulator found operators in the general insurance sector, which includes property and vehicle cover, were not meeting...

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Ashley U-Turn On 'Big' Sports Direct Bonus

Mike Ashley, the founder of Sports Direct, has announced he will not be eligible for a big bonus after all, despite winning a two-year battle for it with investors. The billionaire - who owns Newcastle United - confirmed on Wednesday he was withdrawing...

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One-Time Bitter Rivals Apple And IBM Team Up

One-time bitter rivals Apple and IBM have teamed up to target iPhones and iPads at business users. Apple's famous 1984 advert depicted itself as an insurgent, targeting the then-dominant IBM. The fortunes of the two companies changed over the next...

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Time Warner Rejects $80bn Murdoch Merger

Rupert Murdoch's 21st Century Fox has confirmed rival Time Warner has rejected an $80bn (£47bn) offer to combine the two global entertainment giants. Details of the bid emerged on Wednesday, a month after the offer was turned down. 21st Century Fox,...

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Economy: Weakest Pay Growth For Five Years

The Biggest Five-Year Drop In Wages Since 1864 Updated: 4:28pm UK, Wednesday 16 July 2014 By Ed Conway, Economics Editor Let's begin at the beginning. Britain is poorer ... much poorer ... than it was five or six years ago. If you don't believe...

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Investors Revolt Against Gulf Keystone Boss

By Mark Kleinman, City Editor Investors in Gulf Keystone Petroleum, the London-listed oil explorer, are plotting a revolt at this week's annual meeting which will rank among the biggest City rebellions so far this year. Sky News has learnt that...

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