Manchester City's parent company has been valued at $3bn (�2bn) after selling a 13% stake, worth �265m, to a consortium of Chinese investors.
A Government decision on a controversial third runway at Heathrow has been delayed until next week. A Cabinet sub-committee, which had been set up to consider the airport's case for expansion, had been due to meet today.
VIENNA—Saudi Arabia's oil minister Ali al-Naimi, under pressure to take action to prop up crude prices at this week's OPEC meeting, took a conciliatory tone on Tuesday, saying the kingdom would have a discussion about the group's next step.
After a surprise jump in October, activity in the UK's manufacturing sector fell in November. The Markit/CIPS survey of purchasing managers dropped to 52.7, reversing most of the gains that saw the index hit a 16-month high of 55.2 in October.
... * Indian central bank takes gradual approach to liberalisation. * Rupee's international usage is tiny. * China's accession to IMF basket highlights its progress.