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Central banks

Trichet predicts tighter regulations on banks

The president of the European Central Bank, Jean-Claude Trichet, has blamed the summer's crisis on opaque financing models and mistakes by rating agencies, and has called for an overhaul of financial regulation.

Counting the costs

The cost of much needed oil exploration and production projects has spiralled recently. Roderick Bruce looks at what is driving the cost rises and what their effect may be

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