Russia’s state-run nuclear group Rosatom said it had agreed to buy up to 51 per cent of a Chilean lithium project in return for supplies of the battery mineral.

The pound rose to a five-month high against the euro as traders weighed progress towards a Brexit deal, while Wall Street chalked up early gains as investors chewed over earnings from US banks.

Wells Fargo reported the latest in a string of low-growth quarters on Tuesday, as the bank prepares to welcome a new CEO later this month after a protracted search.

Revenue growth remains scarce at Citigroup, but a strong third quarter performance in its credit-card business, and resilience in its investment banking operation, kept the bank’s financial targets within reach.

Goldman Sachs suffered a worse than expected 18 per cent fall in net income during the third quarter, with trading emerging as the one bright spot in the bank’s four core divisions.

Naturgy, a Spanish utility, and Sonatrach, Algeria’s state-owned oil and gas company, have agreed to buy Abu Dhabi sovereign wealth fund Mubadala’s just over 42 per cent stake in the Medgaz gas pipeline between Algeria and Spain.

Johnson & Johnson raised forecasts for adjusted sales and earnings for the full year on the back of better than expected third-quarter results, while warning that it could not provide predictions on a GAAP-basis partly because of uncertainty surrounding legal costs.

BlackRock reported lower third-quarter earnings per share compared to last year, but outpaced analyst predictions and brought its assets under management to the precipice of $7tn.

Investor sentiment about the German economy declined less than expected in October, while remaining subdued over worries about the US-China trade war and the potential for a disruptive Brexit at the end of this month.

Thomas Cook executives said that the failure of the UK government to stand as security for a rescue deal led to the travel company’s collapse in late September.

The government should not be required to publish its shortlist of candidates to lead the Bank of England, because it would deter people from applying, governor Mark Carney said on Tuesday.

UK pub and brewing group Marston’s said it expected a fall in profit this year as it took a hit from lower food sales, sending its share price sharply down.

Wirecard shares dropped as much as 22 per cent in early trading on Tuesday, after the Financial Times reported on documents that raise suspicions of fraudulent accounting at the German payments group.

Seplat Petroleum is to acquire London-listed Eland Oil & Gas for £382m, the companies have agreed, in a bid to scale the business and grow in Nigeria.

Oscar-winning visual effects company DNEG has announced plans to float on the London Stock Exchange, aiming to raise £150m to tap into the “golden age” of filmmaking being propelled by streaming services.

London-listed drugmaker Indivior has raised its guidance for this year’s earnings for a second time following the strong performance of a drug used to treat opioid addiction, sending shares 10 per cent higher in early trading.

The UK’s energy regulator has proposed cutting funding by £80m for the project that links the new Hinkley Point C nuclear reactor to the electricity grid after rejecting some of the National Grid’s requests for cash.

Brussels’ chief Brexit negotiator Michel Barnier has pushed for final concessions from the UK on customs as the two sides engage in a last-minute dash for a Brexit deal in time for a summit this week. 

Car dealerships and other motor finance brokers will be banned from receiving commission tied to the interest paid by customers under plans revealed by the UK’s financial regulator, in a move that could save consumers up to £165m a year.

US stocks finished lower on the back of Washington and Beijing agreeing to a limited trade deal. That followed gains for Asian equities, but declines for European shares — and the British pound — after two days of Brexit talks ended without a breakthrough.

Harley-Davidson halted production of its first electric motorcycle after finding a glitch, hitting pause on a model that the iconic American brand hopes will spark sales growth in its home market.

Booking Holdings, the company behind the travel websites Booking.com and Priceline, became the latest company to confirm that it is pulling out of Facebook’s Libra cryptocurrency on Monday.

Production at Vale, the world’s biggest iron ore producer, bounced back in the third quarter as mines shut in the wake of a deadly dam burst resumed operation.

Abhijit Banerjee, Esther Duflo and Michael Kremer have been jointly awarded the Nobel Prize in economics for their experimental approach to alleviating global poverty.