Economics / Markets

Standard Chartered has agreed to pay a $340m (£217m) fine to US regulators after it was accused of trying to hide up to $250bn of transactions with Iran.

Greece is seeking a two-year extension to its austerity programme from the European Union and IMF as it struggles to find room for another €11.5bn of spending cuts.

The advisory business that acquired the trail and pipeline commissions of Honister Capital advisers has questioned some of the actions of providers since the deal took place, and pledged it "will not compete" with the IFAs over their clients.

The advisory arm of Sanlam UK has said it will move from a national to a 300-adviser network over the next five years.

The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.

Better-than-expected German and French GDP figures have raised investor hopes that Europe's second largest economy will ease eurozone pain.

A solution to the European debt crisis will not be enough to turn around global economic performance, at least for the next few years, according to a report by thinktank the Centre for Economic and Business Research (CEBR).

FIVE THINGS

Banks "could learn a thing or two about fair play" from the Olympic movement, according to Bank of England governor Mervyn King.

The Bank of England (BoE) should expand its range of economic recovery measures, according to an outgoing member of the Monetary Policy Committee.