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Commodities: Crude slips after housing data
Crude oil settled lower Tuesday as a grim reading on the US housing market sparked fresh concern that the economic slowdown will dampen demand for oil.
FX round-up: Dollar up on jitters about economy
The dollar rose against the pound, euro and yen Tuesday as sour US housing data sent traders into the relative safety of the greenback. Increased risk aversion also gave the yen a boost against the euro.
Resolution confirms placing to raise up to £1bn
Life insurance sector consolidator Resolution has confirmed its intention to float next month and to focus on opportunities in the life assurance and asset management sectors.
Imperial Energy reserves rise by 40%
Russia-focused oil group Imperial Energy reports its reserves increased by 40% in the period since July.
Asia: Nikkei at 1-week closing low
The Nikkei declined Wednesday with financials, carmakers and commodities weighing heaviest while the stronger yen pressured exporters.