The Bank of England has warned that British banks could face a further �40bn in fines and compensation bills for their historic crimes and misdemeanours.
Mark Zuckerberg and Priscilla Chan are part of a cycle that perpetuates inequality even if they try to fight it. Photograph: Scott Olson/Getty Images.
... * Dollar nurses losses after slump in U.S. ISM manufacturing. * Euro above $1.06 but investors wary ahead of ECB meeting. * Aussie refreshes 7-week highs after shining GDP data.
SINGAPORE Oil prices fell on Wednesday as an unexpected rise in inventories pulled down U.S. crude contracts, while Brent was weighed down by China's bleak economic outlook and a widespread expectation that OPEC will maintain high production.
BANGKOK—The U.S. Federal Aviation Administration has downgraded the safety rating of Thailand's aviation industry, which could disrupt Thai airlines' international operations and hurt segments of the country's vast tourism industry.