Sterling faced a fresh blow on Tuesday, deepening its losses for July to more than 4 per cent amid rising expectations in currency markets that the UK will drop out of the EU without a deal. – FT
China’s Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% – faster than a year ago – despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May. Reuters
Carmakers that fail to meet Europe’s tough carbon emission targets next year will be ripe for takeover as the rules spark upheaval across the industry, Please use the sharing tools found via the share button at the top or side of articles, Carlos Tavares, chief executive of Peugeot owner PSA, told the Financial Times. FT
Energy giant BP reported better-than-expected second-quarter net profits on Tuesday, saying it is “right on target” at the midpoint of its five-year plan. CNBC
The EU has narrowed down its field of candidates to replace Christine Lagarde at the IMF to three names as European negotiators rush to secure a consensus on who should be the next managing director of the fund. FT
The Bank of Japan held off on expanding stimulus on Tuesday but signalled its readiness to do so “without hesitation” if a global slowdown jeopardises the country’s economic recovery. Reuters
Singapore’s economic growth rate for the year could realistically come in at just 1.5%, a Moody’s Analytics economist predicted on Monday. CNBC
