BUSINESS

US state of Texas pumped more than three million barrels per day in April, almost equivalent to Iraq's monthly production.

City-state faces cross-border money-laundering and terrorist financing risks.

Frances O'Grady, general secretary of the TUC, says no recovery for public sector staff.

Britain slams France, Spain and Italy for not doing enough' in international relief effort.

By 2020 they will be wasting £70bn annually

With the recent price moves, the metal has shaped a flag pattern and is now testing resistance at $1334.50.

Eurozone's investment gap is 2% of gross domestic product or around €200bn annually, according to German Institute for Economic Research.

Markit PMI for UK construction shows sector building on powerful recovery and adding jobs.

British Gas and Sainsbury's Energy overstated potential savings to customers.

UK house builder Persimmon sees leap in sales as demand and property prices rise.

Brent crude futures stubborn above $112 a barrel as Iraq government struggles to defeat insurgency.

World Bank data shows that the principality leads Liechtenstein and Bermuda.

Eastern European criminal gang Dragonfly responsible for cyber-espionage campaign against thousands of energy companies

Move is part of BoE governor Mark Carney's efforts to restructure the central bank's operations.

The advisory body said shareholders should oppose bonus and pay plans.

Roche could pay another $1bn based on attaining preset milestones.

Rengan, Galleon Group founder Raj Rajaratnam's younger brother, still faces a conspiracy count.

The near 4% rally of USD/INR since 22 May failed below 60.91, a main Fibonacci level. Also, a bearish signal has been triggered for the pair by the MACD on the daily chart.

The price to buy a home in Britain has risen above 2007 peak levels.

Dimon said the ailment is curable and will not significantly affect his work.

Reports say the media outlet's rampant web traffic has failed to translate into commercial success

European Commission hits back at claims that TTIP represents financial sector interests.

Russia could face economic isolation and $100bn of capital flight in 2014.

The industrial action, with the backing of many of the UK's trade unions, will take place on 10 July.

PayPal attracts anger of thousands online after it froze an account belonging to encrytped email service ProntonMail

DWP data shows housing costs and falling wages push 600,000 more below absolute poverty line.

Capital gains tax part of new administration's plan to boost public finances.

US' Finra fines the Wall Street giant for failing to prevent 'trade-throughs' related to Sigma-X

South Africa gross domestic product contracted in the first three months of 2014.