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German factory orders unexpectedly declined for a second month in MayPhotograph: Prashanth Vishwanathan/Bloomberg.

German factory orders unexpectedly declined for a second month in May in a sign that the euro area’s struggle to emerge from its longest-ever recessio(...)

A young woman takes a photograph with a Samsung  smartphone at Cheonggye Stream in Seoul, South Korea. Samsung Electronics lost $25.3 billion in market capitalisation last month, more than the value of competitor Sony, as sales of its flagship Galaxy S4 smartphone fell short of investor expectations. Photograph: Woohae Cho/Bloomberg.

Samsung Electronics missed already modest expectations for its quarterly earnings guidance today, deepening worries that its smartphone business may h(...)

Members of the Muslim Brotherhood and supporters of ousted Egyptian president Mohamed Morsi shout slogans in front of riot police and Egypt’s Constitutional Court during the swearing in ceremony today of the head of the court Adli Mansour as the nation’s interim president. Photograph: Amr Abdallah Dalsh/Reuters

The European Union said today it had no plans to reconsider its aid programmes to Egypt after the army ousted president Mohamed Morsi, but EU sources (...)

Former UBS and Citygroup trader Tom Hayes arrives at Westminster Magistrates Court where he will face trial on eight charges of conspiracy to defraud, in connection with the investigation by the Serious Fraud Office, into the manipulation of the Libor interbank lending rate. Photograph: Lewis Whyld/PA Wire.

Tom Hayes, the former UBS and Citigroup trader, is scheduled to enter a plea on charges related to manipulation of the London interbank offered rate l(...)

The Bank of England, at its first policy meeting under new governor Mark Carney (pictured), said a recent rise in bond yields was not warranted by the state of the British economy. Photograph: Jason Alden/Bloomberg.

The Bank of England, at its first policy meeting under new governor Mark Carney, said a recent rise in bond yields was not warranted by the state of(...)

Traders work at Egypt’s Stock Exchange in Cairo yesterday.Oil slipped today from a two-week high above $106 a barrel after Egypt’s armed forces toppled its president, easing concerns over the threat of supply disruption in the Middle East.  Photograph: Mohamed Abd El Ghany/Reuters.

Oil slipped today from a two-week high above $106 a barrel after Egypt’s armed forces toppled its president, easing concerns over the threat of supply(...)

     S&P maintained its ratings for UBS because it considers the Zurich-based company to be ‘the most active bank in reducing its exposures to investment banking. Photograph:   Spencer Platt/Getty Images

Barclays, Deutsche Bank and Credit Suisse had their credit ratings lowered by Standard & Poor’s as new rules and “uncertain market conditions” thr(...)

Ryanair closed up almost a point. Photograph: Paul Thomas/Bloomberg

Trading is expected to be thin for the rest of this week as US markets close early today and all of Thursday for the US Independence Day holiday. Stoc(...)

Australian prime minister Kevin Rudd and governor general Quentin Bryce introduce the Labor cabinet and stand for a photograph at Government House in Canberra. Photograph: Cole Bennetts/Getty Images.

Australian prime minister Kevin Rudd announced his ministerial team, opting for less familiar names as he seeks to distance himself from predecessor J(...)

Chief executive Myles Lee (left)  and chairman Nicky Hartery at the CRH agm, held in Dún Laoghaire, Co Dublin, in May. The building materials group was down slightly yesterday by 0.03 per cent to €15.55. Photograph: Eric Luke/The Irish Times

World equity markets and bonds gained yesterday, showing further signs of stabilising from a dramatic sell-off as investors’ view strengthened that ma(...)

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