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Britain's finance industry warns of threat from Brexit law changes

LONDON Britain's finance industry will warn the government next week to limit ministers' powers to change legislation when it begins the mammoth task of converting European Union laws into domestic legislation in preparation for its exit from the bloc, according to a draft report seen by Reuters.

Recent Business News

Toshiba stock listing status downgraded, deeper losses flagged

TOKYO Crisis-wracked Toshiba Corp suffered further indignities on Friday, estimating bigger losses for the past financial year and getting demoted to the second section of the Tokyo Stock Exchange.

10:11am BST

Facebook launches UK initiative to counter online extremist material

Facebook Inc is launching a UK programme to train and fund local organizations to combat extremist material online, as internet companies attempt to clamp down on hate speech and violent content on their services.

8:58am BST

Forget euro zone breakup, sterling now deemed riskier

LONDON For years the options market that companies and investors use to hedge against big swings in currencies viewed the euro as a bigger political and structural risk than Britain's pound.

FXpert 10:00am BST

Essar Oil's creditors approve $12.9 billion Rosneft takeover - sources

MUMBAI Creditor banks to India's Essar Oil approved the acquisition of the company by a group including Russia's Rosneft , two sources familiar with the matter said, removing a key hurdle to the $12.9 billion deal that has been in the works for two years.

9:34am BST

U.S. Treasury market not following Fed's lead yet - Reuters poll

BENGALURU U.S. Treasury yields are forecast to climb over the coming year, but the outlook from fixed-income strategists hasn't changed much in the past three months, in the latest sign that optimism about a global inflation pickup has at best plateaued.

10:08am BST

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