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Risk appetite flickers in Europe, ECB speculation holds down euro

LONDON - Risk appetite flickered back into life in financial markets on Tuesday with the dollar and European and Japanese shares rising while safe-haven bonds, the yen and gold all took a step back.

Recent Business News

Eric Cantor to join investment bank Moelis as vice chairman

- Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.

1:41am EDT

Insider traders in U.S. face longer prison terms, Reuters analysis shows

NEW YORK - U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said.

Frankfurt court bans Uber taxi services across Germany

FRANKFURT - A regional German court has issued a temporary injunction against Uber, the U.S.-based online chauffeur service, saying its drivers lacked necessary commercial permits, potentially barring the company from operating in cities across Germany.

5:01am EDT

China won't force foreign auto parts makers to form local JVs: EU trade body

SHANGHAI - The European trade body in China said Beijing is not planning to force foreign auto parts suppliers operating in the country to form local joint ventures, dismissing a report last week that had stirred concern among European firms.

01 Sep 2014

Basel III deposit challenge looms over Islamic banks

- As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.

3:32am EDT

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How letting women fail can help them succeed

For women, fear of failure isn't an irrational position. Instead, it’s more likely a reaction to social pressures that tell them they will be more harshly judged than their male peers on their perceived missteps.