Economic News
FX round-up: Underwhelmed sterling limps higher as PM May inks DUP deal
Sterling limped a little higher against the dollar and euro as PM Theresa May's Tories finally inked some kind of government-forming deal with Northern Ireland's DUP.
BIS warns of mounting US dollar liabilities at Japanese banks
The so-called central bank to central banks warned over the weekend of the sharp build-up in US dollar assets and liabilities at Japanese and Canadian banks since the Great Financial Crisis.
London close: FTSE higher as PM fashions DUP deal from election flotsam
London shares closed higher after PM Theresa May crafted a confidence and supply deal with Northern Ireland's DUP from the flotsam and jetsam of her general election humiliation.
Lloyd's of London to cut UK staff by 10%, report says
Lloyd's of London will shrink its number of staff in the UK by a tenth in a bid to streamline operations in the face of heightened competition.
Arconic shares hit by report it produced Grenfell cladding material
Arconic shares dropped 6% in early trade after the New York Times reported the company produced the material used for the cladding of the Grenfell Tower.
US Supreme Court partially lifts Trump travel ban
President Donald Trump has had his travel ban partially reinstated by the US Supreme Court, which will take a final decision on the controversial policy in October.
Commodities: Crude casts off early gains to be firmly down this afternoon
Crude oil cast away its morning gains to be firmly south as bears again made their presence known in a market deeply uneasy about its chronic global supply overhang.
UK's May agrees £2.5bn NIreland support package in return for 10 DUP votes
Embattled UK Prime Minister Theresa May on Monday agreed a £1. 5bn financial package for Northern Ireland in return for the 10 parliamentary votes of the region's hard right Democratic Unionist Party to help prop up her minority government.
US durable goods orders miss forecasts in May
Total durable goods orders in the States shrank by more-than-expected last month, amid sharp falls in those for civilian and defence aircraft and weakness in core orders, with analysts linking the latter to the retreat in oil prices.
UK mortgage approvals in line with expectations in May
High Street banks approved 40,347 mortgages in May, which was pretty much in line with expectations for 40,300 mortgages to be approved.
US central bank needs to continue raising rates, Fed's Williams says
The US central bank needs to continue tightening policy gradually in order to prolong the economic expansion for as long as possible, a top rate-setter said.
EU-US trade deal negotiations to resume after German elections, report says
Talks to conclude a trade deal between the United States and European Union will resume after the German elections in September, America’s chief trade negotiator has said.
Co-operative Bank no longer up for sale
The Co-operative Bank is no longer up for sale as it continues talks with investors to boost its capital reserves.
German business confidence hits record high in June - Ifo
German business confidence unexpectedly improved in June, hitting a new record high, according to a widely-followed survey.
Turkish troops head to Qatar as diplomatic row deepens
Qatar is reportedly set to welcome up to 1,000 Turkish troops as the diplomatic row engulfing the state worsens.