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ABI slams revised FSCS rules

The Association of British Insurers has condemned plans by the Financial Services Authority to update its rules for the Financial Services Compensation Scheme, saying that insurers will be paying for the failure of other financial institutions.

FSA confirms PPI deadline talks

The Financial Services Authority has confirmed that it is in talks with the British Bankers' Association about a possible time limit for payment protection insurance complaints.

China's economy grew 7.9% in Q4 2012

Year-on-year Q4 Chinese economic growth of 7.9% beats expectations of 7.8%, but growth slowed to 7.8% overall in 2012 compared with 9.3% in 2011.

'Crane light was on,' says St George's Wharf developer

A spokesman for Berkeley Group, the parent company behind the St George's Wharf developer, has claimed that the warning light on top of the Comedil crane, which was damaged by a helicopter in a collision yesterday, was on and fully functional.

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