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.
MUMBAI China's accession to the International Monetary Fund's elite has left behind India, whose cautious approach to liberalization means the rupee is unlikely to be a viable candidate for reserve currency status for at least a decade.