Asian markets trade mostly higher despite a lacklustre lead from Wall Street, where US stocks closed lower.

A British oil company paid hundreds of thousands of dollars which went to senior Somali civil servants, according to a UN report seen by the BBC.

Puerto Rico confirms that it failed to make a debt payment at the weekend, in the latest sign of the economic crisis in the US territory.

The government begins its sell-off of shares in part-nationalised lender Royal Bank of Scotland, raising £2.1bn, a third below the price it paid.

Japanese carmaker Toyota reports a 10% increase in profit, helped by the weak yen and cost cuts.

The pace of increase in UK house prices accelerated in July, rising by 3.5% compared with a year earlier, according to the Nationwide.

The FTSE 100 falls, with shares in Standard Life lower after it says its annuities business has suffered from recent pension reforms.

Insurance group Direct Line reports a big increase in profits for the first half of 2015, after improved weather leads to fewer claims.