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UK payday loan takers said to quadruple

The number of people taking out expensive payday loans has quadrupled over the last four years, a consumer watchdog said. Consumer Focus warned banks needed to offer affordable short-term loans as alternatives, as well as recommending…

BP to proceed with Gulf relief well test

BP Plc will proceed with a relief well to kill its blown-out Gulf of Mexico well, the top U.S. spill official said on Friday. "Everybody is in agreement that we need to proceed with the relief well," retired Coast Guard Admiral Thad Allen…

Gold prices on 4-week high

Gold touched a four-week high on Friday, extending gains from the previous day as investors bought the precious metal and shied away from riskier assets on concern about the health of the global economy. Fresh U.S. data that would give…

Oil prices rebound above $76 per barrel

Oil rebounded above $76 a barrel on Friday on bargain hunting, recovering from the steepest three-day decline since mid-May after support at $75 held. Asia stocks also edged higher while the dollar slipped, as markets across the board…