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Tata Steel deal saves 4,400 UK jobs

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Tata Steel has agreed the sale of its UK long products business to investment group Greybull Capital for a “nominal” fee in a deal that will revive the British Steel brand and could save 4,400 jobs.

Banks eye victory on EU derivatives

European Union

Banks and asset managers are poised to win an exemption in rules for trading derivatives from European lawmakers, who already said they would give them a one-year delay of new financial regulations.