Wall Street closed lower on Tuesday as oil prices slipped, leading investors to worry about banks' exposure to the energy sector.

JP Morgan will set aside an additional $500m (£357m) to cover potential loses from its exposure to the oil and gas sector.

Claims management firms have taken almost a quarter of the £22.2bn paid out for payment protection insurance (PPI) compensation.

Aston Martin will manufacture its new DBX model in south Wales, creating 750 highly skilled jobs.

Viacom is planning to sell a "significant" minority stake in its film and television studio Paramount Pictures.

A drop in oil prices together with a stronger yen against the dollar sent Japan's stocks down by more 1.5% in morning trading.

Entertainment giant Warner Bros agrees to buy DramaFever, a US-based streaming and on-demand service with a focus on Korean shows and movies.

Australian wages grew at their slowest pace on record in 2015, fuelling speculation the country's central bank may introduce more easing measures.