US factory activity hit a five-month high in September amid gains in output and new orders, a survey of executives showed, rebounding after data initially signalled an August contraction.

The Federal Reserve Bank of New York injected $66bn into short-term lending markets on Monday, building on a series of operations from last week to support the market after a severe bout of turmoil.

Carlos Ghosn, the former head of Nissan, has agreed to pay $1m and serve a 10-year ban from serving as an officer or director of a US company to settle fraud charges brought by the Securities and Exchange Commission.

New York Federal Reserve President John Williams warned financial firms against “sticking their metaphorical heads in the sand”, as a deadline to replace the scandal-tainted Libor benchmark approaches.

The UK’s Supreme Court will deliver its ruling on Tuesday morning about the lawfulness of Boris Johnson’s advice to the Queen on proroguing parliament in one of the most important constitutional cases for decades.

Canadian copper miner First Quantum Minerals has denied it is a takeover target, rebutting reports that the company was of interest to rival miners.

Mario Draghi said the eurozone economy faced a much more “prolonged sag” than was expected even a few months ago, as the European Central Bank president justified the monetary stimulus he announced this month.

Record-low interest rates in the eurozone are becoming a “quasi-permanent situation,” according to the head of the Dutch central bank, who expressed his concern about the side-effects in higher house prices and falling pensions.

Deutsche Bank has agreed to transfer key staff, clients and technology in its prime brokerage and electronic equities businesses to BNP Paribas, as part of the German lender’s wider overhaul of its investment banking unit.

Palantir Technologies, the data company founded by Peter Thiel, is in discussions to raise money from private investors that would value the company at $26bn, three people familiar with the talks said.

A Supreme Court ruling in the UK, a deluge of Federal Reserve speakers, the 74th UN General Assembly and climate change discussions in New York make for a busy week. Here’s what to watch in the coming days.

US stocks pulled back after Chinese officials cancelled a visit to American farms, reigniting concerns over trade.

A group of 23 states including California have filed a lawsuit after the Trump administration moved to pull a waiver granting the state the ability to set its own car emissions rules.

Shares in First Quantum Minerals, developer of a giant copper mine in Panama, jumped by more than 11 per cent on Friday on rumours it could be a takeover target.

The London Bullion Market Association has removed Michael Nowak, JPMorgan’s head of precious metals trading, from its board after he was indicted by the US Department of Justice for a “massive, multiyear scheme” to manipulate the precious metals markets.

New York City mayor Bill de Blasio has dropped out of the 2020 presidential race, ending a long-shot attempt to snare the Democratic nomination that failed to gain national traction and drew fierce criticism from the city he runs.

Swiss gold exports to the UK reached their highest levels in seven years last month, driven by strong investor demand for gold-backed exchange traded funds and a slowdown in demand for the metal in India and China.

Sanjeev Gupta’s first high-yield corporate bond has priced with an unusually steep double-digit coupon, after the UK metals magnate was forced to inject $150m of his own money as a concession to win over investors.

Shares in Trainline fell 6 per cent on Friday after investors including its biggest shareholder, private equity group KKR, cashed in on what was one of Europe’s most successful initial public offerings this year.

A rogue trader at Mitsubishi in Singapore has lost $320m through failed bets on the oil price in a case reminiscent of the scandal that brought down Barings Bank.

The pound rallied overnight after upbeat comments from European Commission president Jean-Claude Juncker in which he indicated a Brexit deal remained within reach.

Rolls-Royce has warned of further disruption for airlines using its Trent 1000 engines, saying that aircraft will be grounded for longer than it had planned.

Investec has warned on its first-half profits due to “challenging market conditions”, Brexit uncertainty and costs related to its restructuring.

Alison Rose will become the first woman to lead one of the UK’s top banks in November, after being confirmed as the successor to the Royal Bank of Scotland chief executive Ross McEwan.