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Aug 16, 2010

BBC NEWS: Business,- :Barclays settles criminal charge, August 16th.2010

Barclays settles criminal chargeBarclays Bank logo

Barclays Bank is to pay $298m (£190m) to settle criminal charges that it violated US sanctions in dealings with Cuba, Iran, Libya, Sudan and Burma.

Cars queue at a toll on the A7 motorway in Vienne, eastern FranceEuro inflation hits 20-month high

Annual inflation in the eurozone rose to a 20-month high of 1.7% in July, official European Union data shows.

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The Economist ; Editors Update : Vedanta, a London-based mining firm, agreed to pay up to $9.6 billion.... August 16th., 2010

Editor's update

Vedanta, a London-based mining firm, agreed to pay up to $9.6 billion for a stake of up to 60% in Cairn India, an energy firm with a big presence in India’s largest onshore oilfield.

Aviva rejected a £5 billion ($7.8 billion) bid for its general-insurance business from RSA, a rival British insurer; but this failed to damp down the takeover speculation surrounding Aviva.

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