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US finance minister Henry Paulson says the booming hedge fund industry does not require tighter regulation.
Oil prices rise to around $56 a barrel, one day after recording their sharpest drop in two years.
US regulators calls for greater oversight of hedge funds, and more transparency over the way they work.
Hedge Funds are increasingly making their presence known in the City, as Radio 4's In Business programme reports.
Amaranth Advisors, the US hedge fund that lost about $6bn betting on gas prices, seeks help as it liquidates its remaining assets.
US hedge-fund Amaranth sees losses reach about $6bn after misplacing a bet on the direction of natural gas prices.
US-based hedge fund Amaranth Advisors says volatile energy prices may cost it billions of dollars.
The UN food body says biotechnology could boost yields for some of the world's poorest farmers.
Our science correspondent Pallab Ghosh reports from Delhi on the project to produce a GM potato with higher levels of protein.
A potato enhanced with nutrients lacking in the diets of many of the poor is expected to be grown soon in India.
A protein-rich genetically modified potato could help combat malnutrition in India, scientists say.
Tuesday's racing news from Fontwell and Wolverhampton - plus the Five Live tip of the day.
Children's behaviour improves as a Cornish school discourages consumption of brightly-coloured sweets and drinks with additives.
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