ECB said to have raised ELA by €900m

The European Central Bank has reportedly raised its funding for Greek banks through its Emergency Liquidity Facility by €900m.

Bank of England minutes show unanimous vote but hawks flapping

Minutes released from the Bank of England's latest interest rate setting meeting show a unanimous vote in favour of the decision to keep rates steady.

Audi, BMW and Daimler set to buy Nokia's mapping service, says WSJ

Apple currently investigating reports of users experiencing issues with App Store and iTunes

British car insurance premiums rose in second quarter, AA says

Car insurance premiums were up 5% in the second quarter and are only going to get more expensive, the AA said.

IMF says Greece makes overdue payment and is no longer in arrears

Morgan Stanley's second-quarter earnings beat expectations

Morgan Stanley posted better-than-expected second-quarter earnings on Monday as revenues rose.

Uni Michigan sentiment falls from 96.1 to 93.3 in July

US consumer sentiment fell to a preliminary reading of 93. 3 from a final level of 96. 1 last month, according to reports on the University of Michigan gauge released Friday.

US inflation rises as expected, Labor Department reveals

US inflation rose in June compared to a year ago as rents increased by the most in almost two years, data showed on Friday.

German Bundestag approves start of negotiations with Greece

Lawmakers in Germany have backed a motion to start negotiations with Greece for a third bail-out package by a majority of 439 to 119.

Austria approves start of negotiations with Greece

Lawmakers in Austria gave their backing to the start of negotiations with Greece on a third bail-out package for Greece and ratification of a €7bn bridge loan for the government in Athens.

At least four people are trapped after an explosion at Cheshire flour mill

At least four people are thought to be trapped in a flour mill in Cheshire, after an explosion and fire broke out at the site.

Google surges over 5% after profits beat estimates

Goldman Sachs second-quarter earnings drop on legal costs

Goldman Sachs posted a sharp decline in second-quarter earnings as it took a hit from weaker revenue and litigation costs.

Philly Fed index falls well below forecast in July

Business in the Philadelphia region grew in July at a much slower pace than analysts had anticipated, as companies continue to come to terms with the effects of a strong dollar that has weighed on exports.

European Central Bank raises ELA for Greek banks

Contrary to earlier reports the European Central Bank did increase its emergency funding for Greek banks.

ECB keeps rates unchanged

The European Central Bank has kept its main policy settings unchanged.

Bank of America beat forecasts in the second quarter

Bank of America reported a sharp jump in second quarter profits despite only a moderate pick-up in income.

Canada’s central bank surprises with rate cut, sending Looney higher

The Canadian central bank unexpectedly cut its main policy rate on Wednesday, possibly egged on by Tuesday’s agreement between Iran and the P5+1 nations on the latter’s atomic programme.

Interest rate hike likely this year, Yellen reiterates

An increase in short-term interest rates is likely at some point this year, the chair of the Federal Reserve bank Janet Yellen was set to tell congressmen on Wednesday afternoon, according to prepared remarks released before her testimony.