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The Financial Times
Nationalists are unsure about demanding another ballot within the next few years
A deputy governor of the Bank of England has warned against watering down financial services regulation to boost short-term growth, in what some will see as a rebuke to the government
Vlieghe joins at crucial time as members look to first increase in borrowing costs since 2007
Sterling strengthens on expectations of first rate rise since financial crisis
Companies and Markets
Dispute between Erbil and Baghdad leaves Genel, Gulf Keystone and DNO owed hundreds of millions of dollars
It is one of the cheapest places on earth to drill for oil— but also among the most dangerous. And, right now, Kurdistan’s intrepid western operators are sweating.
BP is to push back billions of dollars of spending on new projects and step up job cuts after a $9.8bn charge from the Deepwater Horizon disaster swung the company to a second-quarter loss.
Results at BP’s trading arm, one of the largest and most active of any large energy company, slipped in the second quarter as a shift in the structure of the oil market meant there was less opportunity to profit from storing oil
Oil traded close to its lowest level in nearly six months yesterday amid fears over signs of a serious Chinese stock market rout.
The Daily Telegraph
Britain’s recovery is “motoring ahead”, the Chancellor declared yesterday, after official data showed faster growth in the second quarter pushed output per head back to pre-crisis levels.
The Daily Mail
(The owner of a Porsche 918 Spyder “caused a scene by having it valeted on one of London’s busiest roads”)