FSA unveils tough pay and bonus code The FSA is broadening the scope of its pay code to more than 2.500 financial services companies to comply with EU legislation that introduced some of the world’s toughest restrictions on bankers’ bonuses
Global stocks flat as rally runs out of steam Global Markets Overview: Investors are turning very selective about risk, as shares decline while some currency markets embrace chancier assets
Shell chief defends deep-water drilling Peter Voser, chief executive, says deep-water drilling has important role to play in global energy supply, as the Anglo-Dutch oil group announces a near-doubling in second-quarter profit to $4.53bn
Default retirement age to be scrapped Move delights pressure groups but dismays business organisations, which warn that the measure is being introduced too quickly
Illness stops Gandhi-Cameron meeting People associated with Mr Cameron’s visit said it was suspected that she had been taken ill and was travelling
Europe set for overhaul of rules on share dealing Push to boost transparency of regions’ securities markets includes call for a ‘consolidated tape’ for pricing data to tackle lack of transparency as part of biggest regulatory overhaul in years
US divided on how to tackle Huawei US government agencies charged with reviewing sensitive acquisitions are engaged in a debate over how to handle Huawei, the Chinese software and telecoms equipment-maker viewed with deep scepticism by government security experts
Chocolatier sees cocoa prices staying high Barry Callebaut chief warned prices could stay at current high levels for the foreseeable future because of continued demand pressure and scarce supply
