Pakistan has reopened its airspace to all civilian aircraft, nearly five months after it imposed restrictions following an escalation in military hostilities with neighbouring India.

A lack of new catalysts left Asia-Pacific stocks in the doldrums on Tuesday following Chinese growth figures and ahead of a slew of US bank earnings.

Australia’s central bank has left the door open for further interest rate cuts, having already reduced its key policy rate to successive record lows in recent weeks.

A US federal judge on Monday slashed damages owed by Bayer in a case related to claims that exposure to weed killer Roundup causes cancer.

Wall Street notched fresh record highs in cautious trading on Monday as investors awaited the first onslaught of quarterly earnings reports.

The Benetton’s toll road operator Atlantia is to join a public-private group aiming to revive Italy’s long lossmaking airline Alitalia.

German lighting company Osram said on Monday that it had received an unsolicited takeover approach by a smaller Austrian rival, just days after agreeing a €3.4bn sale to private equity firms Bain Capital and Carlyle.

GAM has drawn a line under a crisis that has engulfed the Swiss asset manager for nearly a year by selling a final tranche of £600m of bonds back to British industrialist Sanjeev Gupta.

A landmark court ruling that changes made to firefighters’ pensions in 2015 were discriminatory will apply to millions of members of public sector schemes, the government has confirmed.

The head of the UK markets regulator has warned that it may be forced into a sudden discontinuation of Libor for new business if the banks that make daily submissions to the lending rate begin leaving rapidly after 2021.

Greece has hired banks to sell a new seven-year bond as the nation once at the centre of the eurozone crisis moves to take advantage of investors’ thirst for euro-denominated debt.

Business activity in New York state rebounded by the most in more than two years and returned to positive territory in July, following a steep drop the previous month amid ongoing trade tensions.

Medical device manufacturer Consort Medical has announced that its profits would be hit by a small explosion at a facility in Northumberland.

Abu Dhabi’s main sovereign wealth fund is hiring more staff as it seeks to boost active management of its fixed-asset portfolio as its 20-year annualised rate of return fell to 5.4 per cent in 2018 from 6.5 per cent in the previous year.

Shares in copper miner Antofagasta climbed after the company was awarded almost $6bn in damages from a legal fight with the government of Pakistan.

GlaxoSmithKline has announced that a drug acquired in a controversial $5.1bn deal last year has demonstrated its effectiveness in stopping the spread of ovarian cancer when taken as the first treatment after a patient has undergone chemotherapy, in a significant boost for the UK drugmaker.

Packaging group Ardagh plans to spin off its food and speciality metal business in a $2.5bn deal, merging it with aluminium container maker Exal Corporation, to create one of the biggest metal packaging companies in the world.

China’s economy recorded its slowest rate of economic growth in almost three decades in the second quarter, which analysts believe will likely pave the way for additional easing measures before the end of the year.

US investment bank Jefferies said on Monday that it had appointed Jonathan Slone, the former chief executive of beleaguered Asian securities house CLSA, as its new chairman for Asia.

Taiwan’s main opposition party, Kuomintang, is set to nominate China-friendly Han Kuo-yu as its presidential candidate after the populist mayor defeated Foxconn founder Terry Gou in the party’s primaries by a wide margin.

No summer hours here.

Credit rating agency Fitch downgraded Turkey’s sovereign debt by one notch on Friday in a move that comes less than one week after president Recep Tayyip Erdogan fired the country’s central bank chief.

US stocks capped the week with new records as investors remained upbeat on the prospect of fresh economic stimulus from central banks.

London-based asset management consultancy MJ Hudson has expanded its presence in the environmental, social and governance (ESG) sector with the acquisition of Spring Associates Responsible Investment Service.