The North Sea's biggest gas field discovery in a decade has been approved for production by Britain's oil and gas authority, paving the way for a �3bn investment from Danish giant Maersk that could supply 5pc of UK consumption.
China's benchmark stock index closed down nearly 1 per cent on Monday, taking the combined losses for August to 12.5 per cent, following July's fall of 14.3 per cent.
The engineering giant Rolls-Royce was tonight revealed to be co-operating with the authorities in Brazil as they investigate a multi-billion-dollar bribery scandal at the state-run oil company Petrobras.
China's economic problems are "unlikely" to derail plans to raise interest rates in the UK, Bank of England Governor Mark Carney has claimed.
LONDON Stocks in Europe and Asia looked set on Monday for their worst monthly losses in at least three years, with investors still concerned about growth in China and the prospect of higher U.S.