European Union won't seek law to separate banking activities: Report

LONDON: The European Union is set to drop financial reforms that would force big banks to ringfence their retail departments from riskier investment operations, the newspaper reported on Monday.

China must speed up financial reform to sustain GDP growth: Moody's

BEIJING (Reuters) - China must accelerate the pace of financial reform in coming months to sustain economic growth, ratings agency Moody's Investor Services said, forecasting the world's No. 2 economy will grow 7.5 percent each year from 2012 to 2014.