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May made decision to delay Hinkley nuclear project - source

LONDON British Prime Minister Theresa May personally intervened to delay the French and Chinese-backed Hinkley Point nuclear project so she could further consider the deal, a government source said, explaining Friday's shock move.

No clean bill of health for EU banks in stress test

LONDON Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.

Bank of England prepares to tackle Brexit hit

LONDON The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem.

China says EU anti-dumping duties are 'unjustifiable protection'

SHANGHAI The European Commission's imposition of heavy anti-dumping duties on Chinese steel bars is "unjustifiable protection for the EU steel industry," the official Xinhua news agency reported, citing a statement from the Ministry of Commerce (MOFCOM).

UK and China regulators discuss framework for financial projects

HONG KONG British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union.

U.S. authorities subpoena Goldman in 1MDB probe - WSJ

U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday.

Portugal's BCP says stress test results positive, posts loss

LISBON Portugal's largest listed bank, Millennium bcp, said on Friday it obtained "clearly positive" results in the latest stress test by the European Central Bank, even as it posted a first-half loss after impairments for bad loans to clean up its books.

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