A private security guard sits in front of a closed-down business in the colonial district of Old San Juan, Puerto Rico. Photograph: Ricardo Arduengo/AP.
The government has started to sell off its 78% stake in the Royal Bank of Scotland. UK Financial Investments, the body that holds the government's RBS stake, said it would offer about 600 million shares, representing 5.2% of the bank, to institutional ...
The bank's chief executive talked enthusiastically about how it would redeploy some $200bn of balance sheet capacity into faster growing markets in Asia and the Pearl River Delta region of southern China in particular.
New manufacturing orders grew at their slowest pace in nearly a year in July, according to the latest survey snapshot of the sector, suggesting that manufacturing will continue to drag on overall economic growth.
The Reserve Bank of Australia left interest rates on hold at a record low 2 per cent, but it's new take on the Australian dollar sent the currency higher.