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Live Reporting

Dearbail Jordan

All times stated are UK

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  1. Goodnight

    That's all from us today, but don't be sad. We'll be back again from 6am with all the latest business news.

  2. Don't forget to listen to Wake up to Money

    If you're up bright and early and want the business news first thing, remember to listen to Wake up to Money. On from 5.15am.

    View more on twitter
  3. Another record high for the dow

    The Dow Jones Industrial Average has claimed its ninth straight record closing high.

    The index rose 25.61 points, or 0.12%, to 22,118.42, the S&P 500 gained 4.08 points, or 0.16% to 2,480.91 and the Nasdaq Composite added 32.21 points, or 0.51%, to 6,383.77.

  4. Oil price fall contained

    oil price

    Oil has recovered from earlier sharp falls to end the session just slightly lower. Brent crude dropped by 5 cents to $52.37 a barrel, while US crude has dropped 19 cents to $49.39 per barrel.

    Analysts said automatic trading had kicked in once the oil price had dropped by 2%, helping the price to recover.

  5. Vivendi denies it controls Telecom Italia

    French media giant Vivendi has announced that it has no "de facto control" over Telecom Italia under Italian law.

    Acknowledging "de facto control" over Telecom Italia would compel Vivendi to consolidate its accounts, including an adjusted net financial debt of 25bn euros.

    Vivendi's statement underscores the growing pressure it faces in Italy, where local authorities are questioning its control of Telecom Italia

  6. Dow heading for another record

    rollercoaster

    It's only another hour until Wall St closes and the Dow looks like it's on course to hit yet another record high.

    It's currently up 0.08% at 22,111.56.

    But not all analysts and investors are happy at the market's strength.

    Read why here.

  7. No more payment in gold

    Gold bar

    The UK tax authorities have been given extra ammunition to crack down on tax avoidance schemes that involve people being paid in gold bullion.

    The General Anti-Abuse Rule panel, which advises HM Revenue & Customs, says such schemes are abnormal and contrived.

    They go on: "We can see no reason for the steps to involve gold, other than for tax purposes."

    "This is a clear case of associated taxpayers seeking to frustrate the intent of Parliament by identifying potential loopholes in complex interlinking anti-avoidance legislation, and arranging a series of intricate and precise steps to exploit those loopholes so as to gain an unexpected and unintended tax “win”," they add.

    The ruling gives HMRC the power to rule that such tax dodges are unlawful.

  8. Tesla risky say analysts

    First production model of Tesla Model 3 out the assembly line in Fremont, California , U.S. is seen in this undated handout photo from Tesla Motors obtained by Reuters July 10, 2017

    Tesla, the adventurous electric car maker from California, is taking some big risks say analysts.

    Today the firm said it was trying to raise an extra $1.5bn by selling bonds - glorified IOUs - to professional investors.

    The aim is to help fund production of its latest Model 3.

    But the ratings agency Moody said: "The major challenge facing the company during the next twelve months will largely be the considerable execution risks associated with the rapid ramp-up in production of a totally new vehicle."

    Another ratings agency, S&P, said: "There is a risk they could still run out of money... then you'd go back to the equity markets and hope it's not too late."

  9. Listen: For clear language see Dr Seuss

    The Cat in the Hat children's book uses language well, says commentator Lucy Kellaway, who takes exception to a company boss urging people to restrict the use of the word "and" in their reports.

    Video content

    Video caption: The Cat in the Hat children's book "uses language well"
  10. Wakey wakey

    Various currencies
    Image caption: Can currencies enliven the markets?

    Like the US Dow Jones, the FTSE 100 is close to a fresh high - despite the current snoozefest.

    Connor Campbell, financial analyst at Spreadex, said: "The UK index isn't too far off its own all-time high, though with such a dreary week on the cards it may need another sharp drop from the pound to propel it back to those levels."

  11. Walmart grandsons invest in Rapha

    Rapha

    Members of the family behind US retailer Walmart have acquired a majority stake in the Rapha cycling brand.

    Steuart and Tom Walton, who are the grandson of Walmart founder Sam, operate RZC Investments which has gained control of Rapha, which sponsors Team Sky.

    Rapha's founder Simon Mottram will remain as chief executive and will continue to have a share in the company.

    Steuart Walton, co-founder of RZC Investments, said: "We’re excited to be part of this next chapter by bringing the best sport in the world to more people in more ways and places."

  12. Company results drive US market

    New York stock market trader

    The Dow Jones Industrial Average has crept above 22,100.

    It is up 13.79 points at 22,106.60.

    Kim Forrest, senior equity research analyst at Fort Pitt Capital Group, said: "We have strong earnings that is helping the market.

    "I have seen a lot of companies exceeding their revenue growth and we also have better-than-expected global growth, which are the main drivers for equities."

  13. Emojis help software to spot sarcasm

    Emojis

    Emoji icons have helped scientists train computers to understand sarcasm.

    Researchers used 1.2 billion tweets containing at least one of the most popular 64 emojis to develop DeepMoji.

    The algorithm learned first to predict which emoji was likely to be used and then to recognise sarcasm, allowing it to spot hate speech faster than humans.

    Read the full story here.

  14. London indexes finish up

    The FTSE 100 has closed up 18.88 points at 7,530.59.

    Mining groups clung to the top as the day's biggest risers led by Anglo American, up 3.27% at £13.12.

    It was followed by Rio Tinto, ahead 2.6% at $36.40 and Glencore, which added 2.59% at 346.55p.

    Paddy Power Betfair was Monday's biggest faller after announced that its chief executive Breon Corcoran was standing down. Its share price tumbled 4.73% to £75.45.

    The FTSE 250 finished up 8.64 points at 19,978.37.

  15. Softbank may invest in Uber and Lyft

    Lyft

    Softbank, the Japanese telecoms giant, is mulling investing in the taxi hailing apps Uber and Lyft, according to Reuters.

    Chief executive Masayoshi Son said that Softbank is "interested in discussing with Uber, we are also interested in discussing with Lyft".

    He said: "We have not decided which way but the US is a very big market and is the most important market. So we are definitely very much interested in the US market.

    He added: "Whether we decide to partner and invest into Uber or Lyft, I don't know what would be the end result, but we are definitely interested in and we are interested in exploring the idea and we would like to discuss with both companies."

  16. Watch: Can this stick help Japan's farmers?

    Lisa Kikuchi is chief executive of SenSprout which is building soil moisture sensors to help Japan's farmers.

    As part of the BBC's Jumpstarting Japan series - meeting the Asian giant's young entrepreneurs - Lisa says she is now developing software to automatically control crop watering.

    Video content

    Video caption: Developing sensors to help Japan's farmers