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US Congress passes bank reform bill

In the end, it's only a beginning. The far-reaching new banking and consumer protection bill awaiting President Barack Obama's signature now shifts from the politicians to the technocrats. The legislation gives regulators latitude and…

Study links time of birth to death risks

Babies born outside normal working hours could be more likely to die, researchers have warned. A study of more than 500 infant deaths found babies born outside the hours of 9am to 5pm, Monday to Friday, were more at risk - an extra one or…

BP caps gushing well for second day

The hemorrhaging well that has spilled millions of gallons of oil  into the Gulf of Mexico remained capped for a second day Friday, providing some hope of a long-term solution to the environmental disaster. Live video from the seabed…

New car sales in Europe drop

New car sales in Europe fell for the third month in a row in June owing to the end of government "cash-for-clunkers" schemes, industry figures showed on Thursday. Registrations for new cars fell by 6.9 percent on a 12-month comparison to…

US bank bill ready for passing

The broadest overhaul of U.S. financial rules since the Great Depression is likely to clear a crucial hurdle in Congress on Thursday morning, paving the way for President Barack Obama to sign the measure into law. Democrats are expected to…

China’s economy cools off

China's economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis. Annual gross…