U.S. Fed to reconsider 'stress capital buffer' plan: official

Randal Quarles, head of supervision at the Federal Reserve, said on Friday the central bank would re-propose aspects of a bank capital rule known as the "stress capital buffer" due to industry concerns.

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Indian, Australian warships arrive in China for naval parade

Warships from India, Australia and several other nations arrived in the eastern Chinese port city of Qingdao on Sunday to attend a naval parade, part of a goodwill visit as China extends the hand of friendship despite regional tensions and suspicions.

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