That's all for another Livepage. Join us again from 6am tomorrow, when we may have one or two things to write about something called the Autumn Statement.
- Dow Jones breaks thorough 19,000 for first time ever at start of trade
- S&P 500, Nasdaq and Russell 2000 also hit new highs at open
- UK government borrowing falls in October
- US President-elect Donald Trump has pledged to quit TPP
- UK cuts Lloyds stake to below 8%
- BT to invest in broadband infrastructure
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The Dow Jones index has finished above 19,000 points for the first time. At the closing bell, the Dow was up 0.4% to 19,024.25. The S&P 500 and Nasdaq joined the Dow in closing at a record for the second day in a row.
The S&P 500 gained 4.73 points, or 0.22%, to 2,202.91 and the Nasdaq added 17.49 points, or 0.33%, to 5,386.35.
- Copyright: AFP
The chairman of a committee probing the collapse of BHS has asked the Pensions Regulator if Sir Philip Green's assets could be seized.
In a letter to Lesley Titcomb, MP Frank Field asks if the BHS pensions crisis could be sorted by "acquiring assets other than cash" from Sir Philip.
Ms Titcomb is due to appear before Mr Field's Work and Pensions Committee early on Wednesday.
Sir Philip, whose assets include yachts, could not be reached for comment.
On the campaign trail, US President-elect Donald Trump said he would get US firms to repatriate more of the cash they hold offshore by charging them a one-off 10% tax payment.
So, assuming he manages it, what will US firms do with the oceans of cash they bring back?
They will probably use it to boost financial engineering schemes like share buybacks, rather than funding expanded capacity, analysts say.
Goldman Sachs is projecting that S&P 500 companies will bring back $200bn of the $1tn in cash they hold outside the US and use $150bn for share buybacks.
BBC World Service
A Russian cyber-security firm has warned that a group of hackers has targeted bank cash machines in coordinated attacks across Europe and elsewhere, forcing them to spit out notes, reports BBC World Service.
The security firm, Group-IB, says the hackers manipulated the ATMs via the banks' central networks.
It said accomplices nicknamed "money mules" would be stationed outside the cash machines to gather the proceeds from the technique - known as "touchless jackpotting." The firm said 14 countries were affected, including Russia, the UK, Spain, Poland and Malaysia. It did not name the banks.
Two manufacturers of ATMs - Diebold Nixdorf and NCR - said they were working with customers to tackle the issue.
- Copyright: Google
More than 500 people face redundancy with the planned closure of the Kwik Fit Insurance Services office in Uddingston.
Belgium-based Ageas, which owns the firm, told staff it was consulting on closure by the end of next March.
Scottish Enterprise and the Scottish government are understood to be seeking another company which could use the insurance firm's contact centre skills.
Five years ago, the firm had more than 900 staff in North Lanarkshire.
It now employs 521 people at the Tannochside Business Park site. Read more here
- Copyright: Getty Images
More on the Lufthansa strike that we reported on earlier.
The airline is making an eleventh-hour court appeal to halt a planned pilots' strike that will cancel 900 flights on Wednesday.
Lufthansa lost an appeal to a Frankfurt labour court, but is making a further legal challenge that could go late into Tuesday evening. Read more here
- Copyright: Getty Images
The UK is promised new roads, railways and runways, but we will need more engineers to build them, say experts.
A report, from the Institution of Civil Engineers and construction giant, Costain, is calling for a "recruitment revolution" to avoid a skills gap.
It says the solution is to attract a new wave of engineers, including ex-military personnel and young offenders.
"New blood" could also come from among data scientists, social scientists and planners, it suggests.
A report, backed by construction giant Costain, calls for a "recruitment revolution" to attract more engineers.
BBC World Service
Shares in US banks have surged since Donald Trump won the presidential election. It's partly in expectation of his proposed bonfire of what he believes are rules and regulations that hamper business.
But of course a lot of those rules were put in place after the last financial crisis, and their purpose was to stop banks ever again needing a bailout from the taxpayer.
One man whose thinking may be in line with Mr Trump is Neel Kashkari, the head of the Minneapolis Federal Reserve. He wants to see a lot of the regulations that govern banks replaced by a huge increase in the cash they are obliged to hold in case everything goes wrong at once.
Alex Ritson spoke to Mr Kashkari for World Business Report.
- Copyright: BBC
Shares in French construction group Vinci fell by 18% just after 15:00 GMT today after a hoax statement was published in its name.
The statement claimed Vinci was going to revise its accounts for last year and is, and fire its finance director.
In a statement on its website the company said: "A fake press release was published today by Bloomberg at 4.05 PM [Central European Time]. Vinci denies formally all the information contained in this fake press release and is investigating all legal actions in furtherance thereof."
The statement helped the shares - which are traded in Paris - to recover and as the graph above shows, they closed down by 3.76%.
- Copyright: Reuters
The saga of Greece's huge debts rumbles on.
Germany's Sueddeutsche Zeitung newspaper reports that the crisis will be discussed when the finance ministers of Germany, France, Italy, Spain and the Netherlands meet in Berlin on Friday, along with officials from the International Monetary Fund.
- Copyright: Reuters
B&Q owner Kingfisher has reported good sales in the UK, but declining sales in France.
Hargreaves Lansdown equity analyst George Salmon says:
"With significant interests in both the UK and France, Kingfisher has one foot on either side of the channel.
"Performance continues to diverge between the two main divisions.
"UK like-for-like sales growth remains strong, driven by Screwfix in particular, however sales at the French businesses are heading in the wrong direction.
"While the British and French businesses are similar, at present there is little cross-over in product range, meaning that the group isn’t taking advantage of its significant scale.
"Understandably, Kingfisher chief executive Veronique Laury is planning to change this, and is targeting efficiencies that will see a £500m per annum uplift to profits by 2021."
Gordon Brown had his whisky when he was chancellor of the exchequer, George Osborne had his burger.
Philip Hammond, however, has gone for a restorative cup of tea as his comestible of choice ahead of tomorrow's Autumn Statement.
The Press Association has just released these pictures or the chancellor relaxing on the eve of his big day.Copyright: PACopyright: PACopyright: PA
BBC Business EditorCopyright: Getty Images
Just about everyone agrees that extra investment in transport infrastructure, delivered locally and immediately, is a good idea. Because this is so universally popular, the chancellor is almost certain to deliver - but on a pretty limited scale.
As my colleague Kamal Ahmed has explained, the forecast for the public finances is likely to make depressing reading and Treasury coffers are emptier than projected six months ago.
We expect a billion or so for transport improvements.
Everyone likes lower taxes - right? That's true, but with an existing plan to reduce corporation tax to 17% by 2020, the UK is already on course to have the lowest tax rate in the G20, (unless Donald Trump cuts taxes in the US from 35% to 15% - possible but unlikely).
Not only that, but there is relatively little clamour among business groups for further cuts here. Read more from Simon here
BBC Radio 5 live
Jeffries Briginshaw, chief executive of ‘British American Business’, an organisation which helps companies to trade between the two countries, has been talking to BBC 5 live about President-elect Donald Trump’s commitment to scrap the TPP trade deal and what that could mean for a possible future deal between the UK and the US following Brexit.
“It cuts both ways," he said.
"On one hand yes, big regional trade deals appear to be in the line of fire but that doesn't mean with good political relations and good relations between our two countries which have been underlined by President-elect Trump that we can't get talking quite soon about what UK/US trade and investment deal would be like.
"There's a huge base already, we're hugely invested in each other's economies with millions of people working in [each other's countries] already. I wouldn't worry too much about the protectionist threat. I know it's there but you can overdo it as well”
BBC Radio 5 live
Just in case you've missed it Wednesday is the day of the Autumn Statement.
It's Philip Hammond's first big set-piece event as Chancellor of the Exchequer when he will reveal more of the government’s thinking on the economy and Brexit.
5 live Money's Sean Farrington talks through the growth of the UK’s national debt ahead of the Autumn Statement.
In the US the Dow Jones is still trading higher - though only just at 18,973.30, a rise of 16.61 points or 0.09%.
The Nasdaq is also clinging on to positive ground at 5,371.36 - a rise of 2.50 points or 0.05%.
But the S&P 500 has fallen - a short while ago it was trading at 2,196.28, which is a fall of 1.91 points or 0.09%.