Oil at five-week high as OPEC sources, Russia, talk of cooperation
Oil settled up nearly 2 percent on Tuesday, hitting five-week highs for a second straight day as sources at OPEC spoke of Saudi Arabia's apparent desire for higher crude prices while Russia met the producer group to discuss the market.
OPEC deal a tough task, as oil output freeze expectations rise
OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal.
Modest euro zone economic growth masks diverging performance around bloc
Euro zone economic growth halved in the second quarter to a modest pace, as a mild slowdown in Germany was overshadowed by a surprise stagnation in Italy, offering scant hope of a decisive rebound for the currency bloc as a whole any time soon.
Euro zone business growth picks up slightly but still muted
Euro zone business activity expanded a touch faster than expected last month as the region appeared, so far, to have largely shrugged off Britain's vote to leave the European Union, a survey found.
After Brexit, British banks seek delay in splitting off retail business
Big British banks are lobbying regulators for more time to carve out their retail lending from riskier parts of their business, saying Britain's decision to leave the European Union has made the separation more complex and costly.
UK's Hammond: Brexit path might be clearer later this year
Britain's new finance minister Philip Hammond sought to address concerns among global finance chiefs about the uncertain path ahead for the country's exit from the European Union, saying there could be more clarity later this year.
Canada, pressed on UK trade talks report, says focus is EU deal
The Canadian government, responding to a report that Britain had opened talks on a bilateral trade deal, said on Monday it was focused on completing its long-negotiated free trade agreement with the European Union.
Wanted: foreign trade experts to help UK hammer out new deals
After last month's Brexit vote, Britain faces the challenge of carving out trade deals with the rest of the world, but a key thing is missing: a strong team of trade negotiators.
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