The Organisation for Economic Co-operation and Development has scaled back its economic growth forecasts with a warning that bullish financial markets are failing to price in mounting global risks.
The prospect of more mergers and acquisitions fuelled a rally among brewers, after the Wall Street Journal reported that Anheuser-Busch InBev, which produced Budweiser beer, was talking to banks about financing a possible $122 billion bid for SABMiller.
Thousands of wannabe Paul Newmans may have to find a new venue to practice their cueing skills after Rileys Sports Bars collapsed into administration on the same day as Phones4U.
Most Asian stocks fell, as Japanese shares retreated following a holiday, while Australian bonds paced a rebound in Treasuries before the Federal Reserve reviews interest rates.
HURRICANE Energy has reported encouraging results from work on an oil find west of Shetland, highlighting the potential of the area.