AP Moller-Maersk warns on ‘crisis’ gripping industry

Danish shipping group AP Moller-Maersk has warned that the industry is in a ‘crisis of historic dimensions’ as it unveiled a bigger-than-expected first-half loss Read the full story on the Financial Times

Buoyant banks keep European shares up

European shares turned positive on Friday, led by gains in the banking sector after surprisingly strong eurozone business activity data Read the full story on the Financial Times

London shares boosted by oil

UK stocks pushed up to a 10½-month high, as investors shrugged off a cautious session in Asia and looked towards the US where equity markets were poised to extend their winning run to four days Read the full story on the Financial Times

Euro rises after strong PMI data

The pound fell to its lowest level against the euro in almost a month after the single currency was buoyed by robust economic numbers Read the full story on the Financial Times

London shares nudge higher

UK stocks had a tough start on Friday, edging lower as investors reduced their exposure to risk as focus remained on China after its volatile performance this week Read the full story on the Financial Times

Asian equities hit by growth fears

Asian equities were largely lower on Friday as the rumour mill surrounding China’s fiscal stimulus continued to grind out concerns for international investors Read the full story on the Financial Times

CFTC and FSA eye ‘London loophole’

The commodities markets regulators added new conditions to an agreement to jointly patrol trading in global benchmark oil contracts Read the full story on the Financial Times

Fear of a glut sends gas to seven-year low

Demand has been weak, particularly from industrial users, while output from existing drilling rigs has continued to increase Read the full story on the Financial Times

Norway’s economic cheer boosts krone

The currency of Europe’s biggest oil and gas exporter rose to its highest level against the euro since March after data showed the economy grew in the second quarter Read the full story on the Financial Times

US stocks stage strong rally

US stocks rallied strongly, taking the benchmark S&P 500 close to its highs for the year, as investors focused on the positives in a mixed bag of economic data Read the full story on the Financial Times

Outlook brightens for Europe’s builders

Equity markets were supported by an overnight surge on commodity markets and hopes that global stimulus packages would drive infrastructure and construction spending Read the full story on the Financial Times

Future in A$2.4bn Telstra share sale

Australia’s sovereign wealth fund is to offload a stake in Telstra, the country’s leading telecoms group, to diversify its portfolio, according to people familiar with the matter Read the full story on the Financial Times

Adani makes lacklustre Bombay debut

Adani Power, which last month raised $630m in one of India’s biggest IPOs since January 2008, made a disappointing market debut on the Bombay Stock Exchange Read the full story on the Financial Times

FX clearance faces two-tier prospect

Banks that do not settle currency trades through a central system could be shut out of dealing at the best prices, according to one of the biggest foreign exchange banks Read the full story on the Financial Times

D Bank unit hit by CFTC crackdown

A commodity investment unit of Deutsche Bank and another fund group have been stripped of their exemption from speculative limits in key agricultural futures including corn and wheat Read the full story on the Financial Times

Nine held in carbon trading swoop

Fraud investigators arrested nine people over a suspected £38m carbon-credit trading scam in a fresh sign of criminals targeting international schemes to combat climate change Read the full story on the Financial Times

Corporate bond defaults hit record

The number of companies defaulting on their debts has risen to record levels this year, according to Standard & Poor’s Read the full story on the Financial Times

Investors more unbeat on global economy

Investors are more optimistic about a rebound in the global economy over the coming 12 months than at any time since 2003 Read the full story on the Financial Times

Gold demand drops to 5½-year low

Demand for gold sank in the second quarter after jewellery consumption dropped by more than a fifth and investment interest slowed as the threat of meltdown in the global financial system receded Read the full story on the Financial Times

China jails four for Microsoft piracy

Microsoft claims to have won a major battle against software piracy in China after four people were sentenced to jail for illegal reproduction and distribution of the Windows XP software through a website called ‘Tomato Garden’ Read the full story on the Financial Times

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