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    Last update: December 22, 2009

    +Mervyn King defends Bank's role in Rock crisis
      The governor of the Bank of England, has rejected criticism from Northern Rock's chief executive over his handling of the crisis that caused Britain's first bank run in over a century. By Graeme Wearden.

    +M&S looks east for growth
      Marks and Spencer has announced a new push into India and China on the back of better-than-expected results for the last six months. By Graeme Wearden.

    +Oil and gold break records
      The world price of oil set yet another record high today as low stocks of fuel and a tumbling dollar pushed investors into oil futures. By Ashley Seager

    +Congressmen corner Yahoo! over jailed Chinese dissident
      The head of the American internet company delivered a personal apology today to the tearful mother of a Chinese journalist who was jailed using email information provided by the firm to secret police in Beijing. By Andrew Clark.

    +Felicity Lawrence and Ian Griffiths, Revealed: how multinational companies avoid the taxman
      Global banana companies supplying the UK are using tax havens to avoid paying tax on their profits.

    +'Sterling stamp duty'could help world's poor
      A cross party group of MPs has urged the government to introduce a small tax on foreign exchange dealings as a way of raising money to combat poverty worldwide. By Ashley Seager.

    +Poor showing for services, manufacturing and retail
      Growing signs that the British economy is starting to slow in response to higher interest rates and the global credit crunch emerged yesterday.

    +Commerz strikes positive note for banking sector
      Germany's second-largest bank today reassured anxious investors by reporting a 7% rise in third-quarter operating profit to €361m and writing off just €291m from its €1.2bn exposure to the US sub-prime mortgage market. By David Gow in Brussels.

    +Markets wary as credit crisis affects housebuilders
      Closing market report: Housebuilders were in focus today after analyst comments and a trading statement from Bovis Homes. By Nick Fletcher.

    +Mattel forced into fifth toy recall
      Mattel forced to issue a mass recall of toys for the fifth time in less than four months over products that could pose a choking hazard to young children.

    +BMW shares drop despite record sales
      The world's leading premium carmaker today saw its shares slump despite posting record sales in the third quarter and reaffirming its pre-tax profits would reach an all-time high for the full year. By David Gow in Brussels.

    +More bankers will walk the plank
      Viewpoint: The truth about Chuck Prince's reign at Citigroup is now horribly clear: the world's biggest bank, desperate to show Wall Street that pure size could accelerate growth in profits, strayed into areas it simply didn't understand. By Nils Pratley.

    +Work pensions set for overhaul
      The Queen's Speech: Every employer in Great Britain will be obliged to contribute to a good quality pension scheme on behalf of its employees, under legislation confirmed in today's Queen's speech.

    +SMG share price plummets after news of £95m issue
      Scottish media group SMG's share price tumbled this morning after it announced it would launch a share issue worth £95m. By Leigh Holmwood.

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