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Bank of England should take its time on tightening

The Bank of England to decide whether to raise interest rates. The choice isn’t clear-cut, and the central bank’s policy makers appear to be divided—but with the economy showing signs of slowing and inflation under control, they’d be wise to wait a while longer before tightening. The Bank of England responded to the Brexit referendum by cutting its benchmark rate ...

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Two half-finished nuclear reactors up for sale in US

Looking to buy two half-finished nuclear reactors? It may be your lucky day. US utility owner Scana Corp. dropped a plan to build two reactors at the V.C. Summer power plant in South Carolina after the projected total costs exceeded $20 billion. The cancelation of the project is another blow to the much-hyped (and thus far non-existent) nuclear renaissance in ...

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OPEC is confronting a game-theory dilemma

Over the last few years, producers belonging to the Organization of Petroleum Exporting Countries have had mixed success at winning the price-setting “game” for oil. To stand a better chance of regaining durable control, they must do a much better job of working together, and, importantly, they need to do so in a much broader and more institutionalized manner. Otherwise, ...

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