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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Bank of England implicated in Libor rigging
  3. Barclays boss probed over whistleblowing
  4. New evidence in Shell corruption probe
  5. BHP shares lead the FTSE 100 higher

Live Reporting

By Dearbail Jordan

All times stated are UK

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  1. Good night

    Test Card F

    That's it for today with Business Live.

    We'll be back at 6.00am sharp on Tuesday morning with all the breaking business and economic news. 

    Do join us then.

  2. US Fed's Yellen talks public policy

    Janet Yellen

    Janet Yellen, chair of the US Federal Reserve, is about to speak at the University of Michigan's Ford School of Public Policy.

    Investors will examine her remarks to glean any clue as to when the US Fed will next raise interest rates. 

    It has already lifted the rate once this year and is widely expected to increase it twice more in 2017.

  3. US stock markets give up gains

    The Dow Jones Industrial Average gave up nearly all its gains on Monday to close just 1.92 points ahead at 20,658.02.

    Investors are looking ahead to Thursday when the US reporting season begins. Investment banks JPMorgan, Citigroup and Wells Fargo will all report their quarterly figures. 

    The S&P 500 ended 1.62 points up at 2,357.16.

    The Nasdaq added 3.11 points to close at 5,880.93.

  4. Oil prices rise on Syria and Libya

    Oil

    Oil prices rose by more than 1% on Monday.

    Brent increased by 1.3% to $55.98 per barrel while the price for West Texas Intermediate grew by 1.6% to $53.08.

    Geopolitical tensions over Syria as well as the shutdown of Libya's Sharara oilfield - the country's largest - lifted prices.

    Phil Flynn, an analyst at Price Futures Group told Reuters: "There are a few geopolitical problems at the moment. On top of that, Libya isn't producing oil, so that's adding to the bullish side of the market."

  5. United investors shrug off controversy

    United Continental Holdings

    While United Airlines seems to be scaring off customers - the reaction on Twitter to a passenger being removed from seat is heated to say the least - investors are not perturbed, as share movement in parent company United Continental Holdings shows.  

  6. United's reaction was 'immature'

    United Airlines

    The former chief executive of United Airlines' parent company, United Continental Holdings, says the way it handled the "overbooked" situation which led to a passenger being violently removed from a plane was "immature". 

    Gordon Bethune told CNBC: "Denied boarding is usually handled with a whole lot more maturity."

    He said that United "tries to do a professional job, but not everybody on the plane is professional."

    Mr Bethune added: "This immature reaction disturbs us all."

  7. United's $6.1bn ways to skin a cat

    United Airlines

    United Airlines really is an extraordinary company - it charges people to use the overhead storage for their baggage.

    You read that right. 

    It recently introduced something called Basic Economy where flyers are allowed just one personal item that must fit under the seat in front of them.

    It turns out that United Airlines made the most revenue from "add-on" charges in 2015 compared to its competitors, totaling $6.1bn (£4.9bn), according to the consultancy Idea Works.

    And now we know how.

  8. Shell corruption probe: What did executives know?

    Evidence indicates Shell executives knew money would go to a convicted Nigerian money launderer. Here, World Business Report discusses the case:

    View more on twitter
  9. Trump to meet big business

    Donald Trump

    The US President will take a break from international affairs on Tuesday when he meets with a number of the country's biggest businesses. 

    They will include General Motors, IBM, Wal-Mart and Blackstone Group.

    Most likely tax will be on the agenda given Treasury Secretary Steve Mnuchin's promise to get comprehensive reforms done by Congress's recess in August.

  10. United Airlines' apology mocked on Twitter

    United Airlines' apology for forcibly removing a passenger from an overbooked flight has been roundly mocked on Twitter (including by our own Rory Cellan-Jones).

    Chief executive Oscar Munoz's use of the phrase "re-accommodated" particularly irked people.

    View more on twitter
    View more on twitter
    View more on twitter
  11. IMF, WTO and OECD warn against protectionism

    Shipping contrainers

    The chiefs of the IMF, WTO and OECD have vowed to defend free trade against a rising tide of protectionism, amid growing concerns about US President Donald Trump's "America First" policies.

    In a joint press release also signed by Angela Merkel, the German Chancellor, the officials said: "Disappointing trade growth figures and the danger of increasing protectionist tendencies give us a clear incentive to support the international trading system even more."

    They said trade and open markets were necessary to spread growth, jobs and consumption.

    But they also said effective policies were needed to ensure the gains from trade were more widely shared. 

  12. Whistleblowers must be supported

    BBC World Service

    Rebecca Aston, who advises financial services companies on their whistleblowing policies for the Chartered Institute for Securities and Investment, says it is up the leaders of a business to protect people.

    She tells BBC World Business Report:"Any sort of reaction to speaking up on whistleblowing does say something about the tone from the top and a good whistleblowing policy should have assurances from the chief executive and senior management that people will not be victimised, that they can raise concerns in a safe environment and they can do so anonymously.

    "Now this might send obviously the opposite message so a lot of work I think will need to go into restoring that culture where people are encouraged to be open and raise concerns and feel supported to do so."

  13. LVMH first quarter revenues rise

    Louis Vuitton

    Luxury brands giant LVMH has reported a 15% rise in sales for the first quarter. 

    Revenue rose to 9.8bn euro from 8.6bn euro with strong growth across the group. In particular, Louis Vuitton made a good start to the year after its Autumn-Winter show in the Marly courtyard at the Louvre was "very well received". It also said Parfums Christian Dior performed well in make-up and fragrance.

    However, while it was positive, LVMH characterised current conditions as a "particularly uncertain environment".

  14. Static Monday for London stocks

    The FTSE 100 was little changed when it closed on Monday.

    The index of leading blue chip stocks closed 0.43 points lower at 7,348.94.

    Associated British Foods, which owns fashion chain Primark, was the day's biggest riser, up 3.78% at £25.78, following reports by Sky News that it is searching for a new chairman to succeed Charles Sinclair.

    Miners led the fallers, with Fresnillo down 2.52% at £15.83 as the price of gold ticked lower.

    Barclays finished up 0.42% at 216.2p.

  15. BreakingUnited boss apologises for 'upsetting event'

    Oscar Munoz, chief executive of United Airlines, has this to say after a passenger was physically dragged off one of its flights.

    Quote Message: This is an upsetting event to all of us here at United. I apologize for having to re-accommodate these customers. Our team is moving with a sense of urgency to work with the authorities and conduct our own detailed review of what happened. We are also reaching out to this passenger to talk directly to him and further address and resolve this situation.”
  16. Barclays informs New York of whistleblower saga

    Barclays

    Barclays has told New York's Department of Financial Services (DFS) about chief executive Jes Staley's attempt to identify a whistleblower.

    The BBC understands that Barclays has not received any formal notification of an inquiry by the DFS.

  17. What now for Jaeger?

    Jaeger at London Fashion Week

    Jaeger can trace its roots back to 1884 and currently employs 680 people across its 46 stores, 63 concessions, head office in London and logistics function in Kings Lynn.

    Read the full story here .

  18. BreakingJaeger goes into administration

    Jaeger has gone into administration, putting 680 jobs at risk. 

    Peter Saville, joint administrator at AlixPartners which is overseeing the process, said: "Regrettably despite an extensive sales process it has not been possible to identify a purchaser for the business.

    "Our focus now is in identifying an appropriate route forward and work with all stakeholders to do this. We will ensure that we communicate further as this process unfolds.”