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Barclays Loses Favourite For Chairman's Role

Spoof Barclays Advert Still

Michael Rake, Deputy Chairman of Barclays Plc, has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest rate-rigging scandal.




Nepal quake impact could exceed 20% GDP

The economic costs of Nepal's devastating earthquake, which has claimed the lives of at least 3,200 people so far and injured thousands more, could exceed $5 billion, equivalent to 20 percent of the impoverished nation's gross domestic product (GDP), says IHS.