Business and City Summary

No complaints

over ecu loans The Bank of England said that by 5pm yesterday it had not received any formal complaints against banks involved in last week's 10bn ecu borrowing by the Government.

Market sources have complained about alleged leaks, claiming that some banks profited as a result of the information. The Bank has said it will not launch a full inquiry unless there is a formal complaint.

Generale stake

Societe Generale, the French banking group, has acquired a 30 per cent stake in the share capital of Crosby Group, the Hong Kong-based independent merchant banking business.

EC trade gap

European car makers have urged the EC and the Japanese government to find ways to boost Japanese car imports to help rectify the EC's growing trade gap with Tokyo.

Diamond price

De Beers says it has no plans to change the price it pays for rough Russian gems, even though the world diamond market is in the doldrums.

Early opening

Liffe, the London financial futures market, will open an hour early on 21 September, the day after the French Maastricht referendum.

Oil demand

Opec suggests that demand for the group's crude oil will be around 25.2 million barrels per day in the fourth quarter of this year, industry sources say.

Lufthansa loss

The German airline Lufthansa will continue to run at a loss during reorganisation of the company, Jurgen Weber, chairman of the management board, said.

Nadir trial

The trial of Asil Nadir, chairman of Polly Peck International, on charges relating to an alleged multi-million-pound fraud is expected to begin on 8 March 1993.

Aid pledge

The Treuhand privatising agency has pledged to step up aid for eastern Germany's former state-owned firms.

German budget The federal German government plans to allocate DM92bn ( pounds 32.8bn) in its 1993 budget to finance unification, up from DM86bn this year.

World Markets

New York: Closed (Labor Day).

Tokyo: Profit-taking eroded gains to leave the Nikkei average 115.12 adrift at 18,440.18.

Hong Kong: Trade friction between the colony and the US was a factor in a 43.1-point fall by the Hang Seng to 5,664.41.

Sydney: With the weak Australian dollar compounding other worries, the All Ordinaries index fell 15.4 points to 1,514.9.

Bombay: Hectic trading, restricted to one hour against the normal two, lifted the index 60.42 points to 3,226.52.

Johannesburg: Gold shares advanced on the back of a firmer bullion price. The overall index eased four points to 3,178.

Paris: Early buying gave way to a bout of profit-taking, and the CAC-40 index finished a choppy session just 0.32 of a point to the good at 1,779.3.

Frankfurt: The DAX index came off its high to end 4.13 points firmer at 1,540.63.

Milan: Still affected by Friday's discount rate rise, the MIB plunged 3.02 per cent to 707.

London: Report, page 27.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
ebooks
ebooksA special investigation by Andy McSmith
Arts and Entertainment
Frank Turner performing at 93 Feet East
musicReview: 93 Feet East, London
News
Toronto tops the charts across a range of indexes
news

World cities ranked in terms of safety, food security and 'liveability'

Extras
indybest
Voices
A mother and her child
voices
Voices
The veterans Mark Hayward, Hugh Thompson and Sean Staines (back) with Grayson Perry (front left) and Evgeny Lebedev
charity appealMaverick artist Grayson Perry backs our campaign
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Ashdown Group: Product Manager - (Product Marketing, Financial Services)

£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Recruitment Genius: Compliance Assistant

£13000 per annum: Recruitment Genius: This Pension Specialist was established ...

Ashdown Group: Market Research Executive

£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...

Recruitment Genius: Technical Report Writer

£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee