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US to target excessive financial risk-taking
US President Barack Obama will propose stricter limits on financial risk-taking on Thursday in a move that may recall Depression-era curbs on banks.
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Focus shifts to jobs as US stress tests reveal no surprises
Investors breathed a sigh of relief on Friday after the results of stress tests on United States banks revealed no nasty surprises.
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X Prize dangles $10-million for fuel-efficient car
More than 60 teams from nine countries have lined up to chase a -million prize for making a green supercar that smashes records for fuel efficiency, organisers of the competition said on Thursday. ”We’re not talking about concept cars,” said Peter Diamandis, chief executive of the X Prize Foundation.
