The cut in Chinese interest rates and comments from Europe's central bank chief have lifted global markets. The People's Bank of China cut its one year deposit rate to 2.75% from 3.0% to try to revive its economy.
In a surprise move, China cuts interest rates for the first time in more than two years. WSJ's Emma Moody has the details on the News Hub with Simon Constable.
Royal Bank of Scotland has admitted that it mis-calculated its financial strength under European tests of major banks' financial stability earlier this year.
Ophir Energy has slumped nearly 6% after it proposed a �267m offer for Salamander Energy to boost its presence in south east Asia.
Pelamis Wave Power Ltd., a U.K. maker of systems that harness the power of the ocean to generate electricity, said it's been unable to raise the money needed to continue development.