News by: Himanshu Singh
The S&P 500 hit an intraday record boosted by better-than-expected inflation and housing reports and amid upbeat earnings reports.
And a dispute over two warships France is building for Russia is threatening to overshadow a high-stakes meeting of EU foreign ministers.
And the Serious Fraud Office has launched a criminal investigation into alleged rigging of the £3 trillion-a-day foreign exchange markets .
Concern tension in Ukraine could lead to deeper sanctions against Russia kept investors on the sidelines before major earnings reports.
And RJ Reynolds, America’s second biggest tobacco company, has been ordered to pay $23.6 billion in punitive damages to the widow of a cigarette smoker who died of lung cancer.
Technology and industrial shares led the advance amid a global rebound as investors set aside geopolitical concerns.
And the UK remains the most attractive destination in Europe for foreign business investment, winning almost 1,800 new projects in the past year.
And revenues at Google’s British operation surged 22% to $1.62 billion in the three months to June, in a positive sign for the wider UK economy.
Investors sold stocks in a move to avoid risk as the crash stoked concerns that the conflict in Ukraine might widen.
And the UK competition regulator is set to recommend a full-blown inquiry into small business lending and current accounts.
And unemployment fell last month as Britain's economy added jobs at an unprecedented pace, according to official figures.
Time Warner Inc shares surged 17.1% after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
And David Cameron will attempt to seize control of one of Europe’s top economic portfolios after his most sweeping cabinet reshuffle in four years.
And BlackBerry's US-listed shares plunged 4% after the bell following news that IBM will partner exclusively with Apple to sell iPhones and iPads.
Citigroup shares surged 3% and gave the S&P 500 one of its biggest boosts.
And Shire succumbs to £31 billion takeover offer from US rival AbbVie.
And Portugal’s central bank has ordered the immediate appointment of a new chief executive and other board members at Banco Espírito Santo.
Japan’s Topix index rose 0.3%, while Australia’s S&P/ASX 200 Index added 0.5% in morning trade.
And Sports tycoon Mike Ashley will this week announce a leap in profits at Sports Direct as he prepares to embark on a ‘blitz’ of acquisitions.
And Shire Pharmaceuticals has confirmed it has held talks with US rival AbbVie after the American firm proposed combining the two drug makers in a £30 billion deal.