Central banks should not only be
independent from political pressures but also from short-term
pressures such as financial markets' perceptions of inflation,
ECB policymaker Francois Villeroy de Galhau said on Tuesday.
The Competition and Markets
Authority (CMA) said on Tuesday it was looking into whether the
proposed acquisition of Britain's largest satellite company
Inmarsat by a private equity-led consortium would affect
the competitive landscape.
China shares ended down on
Tuesday after three sessions of gains as investors fretted over
slower growth in the world's second-largest economy and the
impact of the Sino-U.S. trade war, even as fresh data
highlighted Beijing's efforts to boost spending.
European shares opened little changed on
Tuesday as investors looked to a deluge of second quarter
earnings releases and a batch of macroeconomic indicators for
more signs on a slowing global and euro zone economy.
Climate activists from
Extinction Rebellion on Tuesday disrupted London Concrete, the
British capital's biggest supplier of ready-mixed concrete which
supplies a major road tunnel project under the River Thames.
* Danish energy trading company Danske Commodities has
15-year power purchase agreement (PPA) with British offshore
wind farm Dudgeon, making this the company's fourth long-term
PPA in the country's market
Westpac Banking Corp
and Australia and New Zealand Banking Group are
starting to lower the interest rate they use to stress test
customers' loan applications, a move expected to help stabilise