News by: Himanshu Singh
And a year after the crisis was declared over, Greece is still spiralling down.
And UK construction sector slips into recession for first time in four years.
All three major US indexes closed at record highs for the first time since 1999, boosted by a rally in oil prices and strong earnings from Macy's and Kohl's.
And economists believe the UK will be in a mild recession by Christmas.
And Bank of England buys £1.2 billion gilts after yields go negative.
Shares of Walt Disney rose 1.23% after the company late on Tuesday reported results that beat estimates.
And William Hill dismisses £3 billion joint takeover bid from rivals Rank Group and 888 Holdings.
However, weak oil prices offset gains in healthcare and technology stocks.
And savers suffer as First Direct goes beyond Bank’s rate cut in slashing the interest.
Bristol-Myers fell for the second straight day, shedding 4.71% after it said on Friday its lung-cancer drug failed a key late-stage study.
Asian energy plays broadly advanced, with Oil Search adding 1.93% and Woodside Petroleum rising 2.05%.
And equal pensions for women case poses £13 billion threat to UK companies.
And treasury is looking at quitting the single market as City rejected Norway option after Brexit.
And Royal Bank of Scotland has cancelled Williams & Glyn project after losing another £2 billion.
And Brexit has put brakes on auto industry as new car sales slowed down.
Insurance companies lagged behind after a string of disappointing earnings.
And sharp Brexit slowdown in services sector signals recession according to economists.
Better-than-anticipated data on the labour market helped financial stocks.
And UK will avoid recession in 2016 but ex-Bank deputy warns that there would be no 'big bazooka' to prevent slowdown.
Shares of Ford and General Motors dropped more than 4% each after they reported July vehicle sales slightly below expectations.