Royal Bank of Scotland apologised for giving incorrect evidence to a parliamentary hearing, letters released by the Treasury Committee reveal.

Asian stock markets traded higher as investors cheer an interest rate cut in China and the European Central Bank's vow to fight deflation.

Global business confidence slipped to five-year low in October, according to a survey of 6,100 companies from Markit Economics.

British banker Rurik Jutting is ruled fit to stand trial for the murder of two women in Hong Kong, after undergoing psychiatric assessments.

The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by a further $40bn, its finance minister says.

Aviva's shares fall 4% in early trading following Friday's announcement that it is in talks about a possible £5.6bn merger with smaller rival Friends Life.

Shares in oil and gas services firm Petrofac sink by more than a quarter after it warns net profits will be about $500m next year, well below expectations.

Shares in Petrofac fall by almost a quarter after the oil and gas services group issues a profits warning.