Mining and manufacturing helped the US industrial sector expand more than expected in September — however output growth cooled in the third quarter, data published on Tuesday showed.

US stock futures are trading firmly higher on Tuesday as solid earnings from Goldman Sachs and Morgan Stanley helped draw buyers off the sidelines.

European officials warned an agreement on Britain’s exit from the EU was unlikely at a high-stakes Brussels summit on Wednesday as Theresa May urged her divided cabinet to “stand together”, promising a Brexit deal they could accept.

The EU and the UK could still be weeks away from a Brexit deal, the bloc’s chief negotiator warned, on the eve of a crucial summit to discuss Britain’s departure.

Audi was hit with an €800m penalty by German state prosecutors in Munich on Tuesday following an investigation into its use of software designed to evade emissions tests.

Wells Fargo has asked French regulators for an investment firm licence, in the latest boost for Paris as it looks to become Europe’s pre-eminent banking centre after Brexit.

The bond trading slump has resumed at Goldman Sachs with fixed income revenues falling 10 per cent year-on-year during the firm’s final quarter under the stewardship of Lloyd Blankfein.

The third senior finance executive in just over a year has left celebrity chef and restaurateur Jamie Oliver’s business empire.

Hungary has increased its gold reserves tenfold to 31.5 tons in an effort to make the reserves safer and reduce risks, central bank governor Gyorgy Matolcsy announced at a news conference on Tuesday in Budapest.

Lithium Werks, a Dutch battery company, will invest €1.6bn to build a factory in China, in a deal signed during Premier Li Keqiang’s visit to the Netherlands on Tuesday.

Morgan Stanley’s growth in investment banking outshone Wall Street rivals in the third quarter, pushing revenues and profits past analyst expectations.

Walmart shares came under early pressure on Tuesday after the US retail giant lowered its earnings guidance for the fiscal 2019 year, citing costs related to its acquisition of India’s Flipkart.

Jean-Claude Juncker has dismissed as “rubbish” accusations that Brussels is out to unfairly punish Italy for its spending plans, but hinted the EU is poised to reject Rome’s populist government’s draft budget.

A record proportion of investors believe the global economy is in the late stage of the business cycle according to a closely-watched survey, topping the previous peak of December 2007 and underlining the twitchiness that has afflicted markets over the past week.

BlackRock reported its lowest intake of new funds for more than two years after risk-averse investors pulled money from the world’s biggest asset manager.

The pound rose to its high of the week on Tuesday morning, following the release a report showing hotter-than-expected wage growth across Britain.

Walmart will ramp up its car parts business by striking a partnership with Advance Auto Parts, both companies announced on Tuesday.

Ethiopia’s Prime Minister named a new cabinet on Tuesday including new ministers of finance and defence to lead a program of sweeping political and economic reforms in the fast growing economy.

The impact of the proposed takeover of Asda by J Sainsbury on suppliers will be considered as part of the Competition and Markets Authority investigation of the deal, which would make the combined group the UK’s largest grocer.

Small businesses will be able to complain about banks and secure compensation from the Financial Ombudsman Service from next April, after a string of scandals prompted calls for stronger regulation of business banking.

China could be facing a “debt iceberg with titanic credit risks” following a boom in infrastructure projects at local governments around the country, rating agency S&P Global has warned.

Finance professionals’ view of the German economy has darkened much more than expected amid domesitc political instability and as tensions over the trade dispute with the US and concern over Brexit intensify.

England’s top rugby clubs are weighing a series of investment offers over crunch talks today, including a new bid by buyout firm CVC Capital Partners whose initial £275m offer to acquire Premiership Rugby was rejected last month.

The price of Italian government debt rose early on Tuesday after the government approved a draft budget plan and sent it to the European Commission.