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Business

Morning business round-up: Debt stalemate hits shares

What made the business news in Asia and Europe this morning? Here's our daily business round-up:

Market Data - BBC News

Market Data

Share Prices

Markets

UK markets
UK markets % change Value
Change
+0.49%
7366.96
+35.84
+0.21%
20544.19
+43.74
Europe markets
Europe markets % change Value
Change
+0.91%
548.00
+4.93
+1.24%
5460.56
+66.82
+0.95%
12335.53
+116.51
+1.17%
3407.97
+39.41
+1.10%
9590.80
+104.50
US markets
US markets % change Value
Change
+0.87%
26636.77
+231.01
+0.86%
8018.45
+68.41
+0.61%
2925.82
+17.87
Asia markets
Asia markets % change Value
Change
-0.45%
37121.22
-169.45
+0.26%
27477.67
+70.30
+0.01%
23674.93
+2.41
As of 15:22 20 Sep 2018

Currencies

GBP
% change One £ buys
Change
GBP against Euro
+0.09%
€1.1271
+0.0010
GBP against Yen
+1.04%
¥149.1550
+1.5400
GBP against USD
+0.76%
$1.3245
+0.0100
USD
% change One $ buys
Change
USD against Euro
-0.74%
€0.8504
-0.0060
USD against GBP
-0.83%
£0.7545
-0.0060
USD against Yen
+0.18%
¥112.4900
+0.2050
Euro
% change One € buys
Change
Euro against GBP
-0.09%
£0.8872
-0.0010
Euro against Yen
+0.96%
¥132.3450
+1.2600
Euro against USD
+0.69%
$1.1753
+0.0080
Yen
% change One ¥ buys
Change
Yen against Euro
-0.95%
€0.0080
0.0000
Yen against GBP
-1.03%
£0.0070
0.0000
Yen against USD
-0.18%
$0.0090
0.0000
As of 15:21 20 Sep 2018

Commodities

Oil
Commodity % change dollars per barrel
Change
Brent Crude Oil Futures
-0.63%
78.90
-0.50
WTI Crude Oil Futures
-0.21%
70.62
-0.15
Gold
Commodity % change dollars per ounce
Change
Gold (Forex Index am fix)
+0.30%
1203.00
+3.60
Gold (Forex Index pm fix)
+0.26%
1203.30
+3.10
Natural Gas
Commodity % change dollars per million BTU
Change
Natural Gas (Henry Hub Futures)
+0.89%
2.93
+0.03
As of 15:19 20 Sep 2018

European stock markets started the day lower as eurozone finance ministers continued to put pressure on Greece's private creditors to accept a lower interest rate on their loans to Athens.

Share indexes in the UK, France and Germany fell 0.5% in early trading.

Late on Monday, ministers said creditors must accept a lower rate than the 4% they had offered and called on both parties to reach a deal this week.

A deal is necessary for Greece to receive the bailout funds it needs.

The outlook for the global labour market has worsened from last year, the International Labour Organization (ILO) has said.

It called the situation an "urgent challenge" and said governments needed to create 600 million jobs over the next decade.

The ILO said it was more pessimistic because of the weaker global economy.

India's central bank has left interest rates unchanged but moved to increase liquidity as it battles high inflation and the prospect of weaker growth.

The Reserve Bank of India pointed to the government's "policy and administrative uncertainty" as one of the reasons for the economic problems.

Japan's prime minister vowed to push for tax reform to help tackle debt as he convened a new session of parliament.

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Yoshihiko Noda called for the sales tax to be doubled to 10% by 2015 - a controversial move seen as very unpopular with his electorate.

His call came as the central bank downgraded its growth forecast.

The Bank of Japan said it expected the economy to shrink this financial year and kept interest rates at near 0%.

Swiss oil refiner Petroplus has said it will file for insolvency after failing to reach an agreement with creditors to extend deadlines for loan repayments.

Shares in the company, which is Europe's largest independent oil refiner, were suspended on Monday.

Petroplus had its credit lines frozen by its lenders in December 2011.

The latest edition of Business Daily looks at why, despite many problems, businesses are investing in Pakistan.

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