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Non-banks notch a win in long-running derivatives battle

Non-banks notch a win in long-running derivatives battleBy Lauren Tara LaCapra NEW YORK (Reuters) - A group of small brokerages and large commodities companies convinced lawmakers to tweak a rule that they say would have made derivatives trading more expensive for them and sent more business to Wall Street banks that already dominate the market. Companies including INTL FCStone Inc, Nomura Holdings Inc, Cargill Inc and Royal Dutch Shell Plc lobbied a congressional committee to change a rule proposed

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Kazakhstan nervous of tougher Russia/Ukraine oil sanctions

By Raushan Nurshayeva and Alla Afanasyeva ASTANA/MOSCOW (Reuters) - Kazakhstan, which has backed close ally Russia's actions in Ukraine, is seeking alternative routes for its oil exports which may fall if the West decides to toughen sanctions against Russia, a major transit route of Kazakh crude to world markets. A vast steppe nation of 17... Read more...

Gov't: GM missed deadline for faulty switch data

DETROIT (AP) — A government safety agency is fining General Motors $7,000 a day, saying the company failed to fully respond to its requests for information about a faulty ignition switch by an April 3 deadline.... Read more...

Google's lightweight image format makes YouTube pages load 10 percent faster

Google's lightweight image format makes YouTube pages load 10 percent fasterWe all want the internet to be faster, right? Well, Google is hoping to make that happen one YouTube thumbnail at a time. Its leaner WebP image format has been used on the Play store for some time now, and Mountain View's latest venue for the faster-loading files its video service.

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Galveston Bay oil spill threatens bird migration

Galveston Bay oil spill threatens bird migrationMcALLEN, Texas (AP) — Crews armed with infrared cameras planned to work through the night after a barge carrying nearly a million gallons of especially thick, sticky oil collided with a ship in Galveston Bay, leaking an unknown amount of the fuel into the popular bird habitat as the peak of the migratory shorebird season was approaching.

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UK budget may hit funding for infrastructure revamp

UK budget may hit funding for infrastructure revampBy Chris Vellacott and William James LONDON (Reuters) - Britain's government may have damaged its own ambitions to revamp the country's infrastructure using private sector money after new economic policies hobbled a key industry's incentive to invest. Insurers are keen investors in infrastructure projects like bridges and housing

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