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Financial News

China's currency reserves plunge

China's efforts to prop up its currency result in a $99.5bn plunge in its foreign currency reserves in January.

North Sea could lose 150 platforms

Nearly 150 oil platforms in the UK North Sea are expected to be scrapped over the next 10 years, according to industry analysts.

Warning about 'inflated' broadband costs

British manufacturers are paying 'inflated' sums to secure fast enough internet access, according to EEF - the manufacturers' organisation.

News Corp reaches for the Sky with takeover offer

News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.

China primes house tax to halt runaway prices

China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.

Business big shot: Steve Wiener

It is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?