The Group of Eight leading industrialized nations agreed to proposals to tackle tax avoidance and evasion that call for new laws to stop businesses from shifting profits across borders and urge greater transparency about company ownership.

Let's hope Charlotte Hogg enjoys her 15 seconds of fame. Her appointment as the first chief operating officer in the Bank of England's history is certainly newsworthy.

LONDON - London shares closed higher on Tuesday as investors hoped the two-day Federal Reserve Board meeting will not spark too sharp a reduction in the Fed's stimulus programme to shore up the United States economy, dealers said.

Aggreko. �17.52 -39p. Questor says BUY. Aggreko disappointed some with a pre-close trading update on Tuesday in which it said full-year expectations remained unchanged.

Federal Reserve officials both expect and want inflation to be higher than it is. So far, that isn't happening. Consumer price data released Tuesday showed inflation rose a mere 1.4% in May from a year earlier.