ECONOMY

Shell also hit by impairments to Italian business and liquids-rich shale properties in North America.

Tesco cuts top 50 managers as Chief Executive Philip Clarke plans to revive its business.

Chief executive Antonio Horta-Osorio says bank is ready for privatisation but timing is up to UK finance ministry

US Federal Reserve to continue buying $85bn worth of bonds every month.

BoE and ECB to announce interest rate decisions during the day.

Lloyds Banking Group has used 18% of its compensation fund for victims of complex derivatives mis-sales

Lloyds Banking Group hit by half a billion charge while increasing compensation fund

Jurors will decide whether to hold Fabrice Tourre liable for sub-prime mortgage investment deal in 2007.

Official PMI rises to 50.3 in July from 50.1 in June, but economists say data masks real economy.

Hollywood studios in tax dispute with China Film Group, which is delaying the payment of box office revenues.

Diageo profits from expensive whisky but sales of iconic Guinness fall in Ireland and UK.

Despite lower sales, UK-based BAT posted a rise in profit and revenue for the first half of 2013

Brazil and 10 small nations in Central and South America and the Caribbean refuse to support bankrolling Greece.

Unemployed people in the region decreased by 24,000 in June to 19.3 million from May, says Eurostat.

Schneider Electric to acquire the British engineering firm to boost its industry automation business.

Aldemore growing rapidly as deposits rise and bank taps Funding for Lending Scheme.

The Financial Conduct Authority said arrests are not linked to any other ongoing insider dealing investigation

British Chambers of Commerce finds overwhelming majority of firms want in/out EU referendum, but back UK staying in.

Dubai’s Real Estate Regulatory Authority found that more than 200 development projects were cancelled between 2009 and 2011

TUC says government wants to strip away health and safety laws to make it harder for workers to claim against employers.

SEC charges Cedric Cañas Maillard and former Spanish judge Julio Marín Ugedo related to 2010 Potash takeover bid

The Office of Fair Trading said 14 lenders decided to leave payday market while one has stopped operating

The US central bank will release a statement at 1800 GMT (2 pm ET) on Wednesday.

Accenture to boost growth with purchase of Booz&Co.

The US central bank will release its post-meeting statement at 1800 GMT (2 pm ET).

Fed is likely to continue bond buyback at an $85bn monthly pace, as it seeks clear signs of job market recovery.

Collapsed broker files for the latest in a string of lawsuits over credit default swap market

ACCA/IMA Global Economic Conditions Survey shows business confidence rising in UK and beyond.

Overall shop prices declined 0.5% annually in July, compared to a 0.2% dip in June.