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Morgan Stanley's commodities head swaps swagger for small and smart

NEW YORK, Dec 5 Nancy King, global head of commodities trading at Morgan Stanley, has spent the last few years remodeling what used to be one of the most profitable units on Wall Street, by downsizing and focusing on smaller, smart trades for customers instead of the big, risky bets it used to make on its own account.

Budget airline Norwegian to add more flights between UK and U.S.

LONDON, Dec 5 Norwegian Air Shuttle said it will add 50 percent more flights between Britain and the United States next year summer, ramping up competition on transatlantic routes, days after the U.S. granted extra flying rights to the budget airline.

Former Israeli business tycoon sentenced to two years in jail

TEL AVIV, Dec 5 Nochi Dankner, once one of Israel's most powerful businessmen who lost his business empire in the global financial crisis, was sentenced on Monday to two years in jail after being found guilty in July of manipulating share prices.

RPT-May's Brexit plans face British Supreme Court test

LONDON, Dec 5 Prime Minister Theresa May's government launches a challenge on Monday against a court ruling that it requires parliamentary approval to start the process of leaving the European Union, a decision that could upset Britain's Brexit plans.

Deutsche Boerse chief seeks to reassure Frankfurt on merger plan

FRANKFURT, Dec 4 Deutsche Boerse's chief executive has sought to reassure Frankfurt over its merger with London Stock Exchange Group, saying the German regulator will retain power over the exchange when it becomes part of a larger London-based group.

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China says Trump clear about Taiwan, in touch with his team

BEIJING/WASHINGTON U.S. President-elect Trump is clear about China's position on the Taiwan issue and China has maintained contacts with his team, the foreign ministry said on Monday, as Trump took to Twitter to complain about Chinese economic and military policy. | Video