Standard Life has reached agreement to buy Aberdeen Asset Management in an 11 billion-pound ($13.5 billion) merger that should save 200 million pounds a year in costs, pushing rivals to follow suit as fund managers' margins sag.
Leaving the European Union will sap Scotland's economy by between 1.7 billion and 11.2 billion pounds ($14.76 billion) by 2030, depending on which new trade relationship Britain chooses, the Scottish government said on Tuesday.
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