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Updated: 23 min 59 sec ago
Federal Reserve Chair Janet Yellen's Senate testimony was overshadowed by a Fed report warning of stretched valuations in sectors like small cap social media and biotech. Bobbi Rebell reports.
Summary: Stocks were most lower after a Federal Reserve warning on small cap social media and biotech stocks; Intel tops raised expectations; Yahoo results hurt by falling ad rates; Oil below $100. Conway G. Gittens reports.
Reynolds Holding and Antony Currie explain how good results in underwriting and other businesses in the two banks' second-quarter earnings are not enough to take returns beyond the mediocre.
Britain's financial regulators plan to cap the sky-high interest rates charged by so-called payday lenders for short-term loans. Critics have argued the industry's practices exploit those struggling to make ends meet. Hayley Platt listens to both sides of the argument.
The UK government's unveiled ambitious plans to build a spaceport in Britain by 2018, although it hasn't yet been decided where. Several sites are being looked at, including some in Scotland, which is due to hold a referendum on independence in September. Joanna Partridge reports
Federal Reserve Chair Janet Yellen says U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for foreseeable future. Rough Cut (no reporter narration).
Jean-Claude Juncker outlines a 300 billion euro programme of incentives for member states to make ambitious economic reforms, ahead of a vote confirming his appointment. As markets once again fret over the progress of the EU recovery, Juncker has major challenges in store as the next president of the European Commission. Ciara Sutton reports.
Lackluster fixed income trading bit into the profits of JPMorgan Chase and Goldman Sachs but not by as much as feared. Fred Katayama reports.
The World Cup circus moves on ... Even as Germany celebrates its triumph, the focus swings to preparations for 2018 in Russia - and whether President Putin can succeed in showcasing his country against a backdrop of concerns over cronyism, cost overruns and human rights. David Pollard reports.
July 15 - Japan and India are proving the toughest markets to crack for booming budget airline AirAsia. We talk to CEO Tony Fernandes at the Farnborough Air Show.
Roughly 1,000 employees pink slipped at Atlantic City's Trump Plaza Casino in anticipation of September closure. Linda So reports.
July 15 - BES stock has fallen sharply again. Banco Espirito Santo probably still has a sliver of equity which suggests opportunity for a private-sector saviour, says Breakingviews.
Airbus COO John Leahy’s personal goal is to sell 100 A330neos this week at the Farnborough International Air Show and has a total sales goal of over 1,000 of the revamped aircraft with a chunk of the demand still coming from developing markets such as Asia and Latin America.
July 15 - State-owned shipping giant COSCO aims to build a gateway to Chinese investment in Europe through Greece's biggest port. Jane Lanhee Lee finds out why it's prepared to boost its stake in the project.
July 15 - Brazil might just be better at building airliners than playing football. We talk to President and CEO of Embraer Commercial Aviation Paulo Cesar Silva.
July 15 - Will slumping iron ore prices cut into Rio Tinto’s production plans? Maybe not. But for the miner and many others, much still depends on China’s growth, which likely held steady in the second quarter.
July 15 - Qatar Airways chief Akbar Al Baker is one of the biggest customers for Airbus and Boeing - and one of their most outspoken critics. Julian Satterthwaite talks to him at the Farnborough Air Show.
Pledges from India's finance minister on boosting the corporate bond market and inflation-targeting policy may sound awfully familiar, but Breakingviews’ Andy Mukherjee sees grounds for optimism.
A wave of mergers and deals, along with better-than-expected Citigroup results, help to lift stocks. Bobbi Rebell reports.