Show Hide image

Evening Wrap: today's top business stories

News stories from around the web.

Bank of Japan inaction unsettles investors (FT)

Fresh concerns that global central banks were looking to reduce their support for financial markets made for a turbulent session for government bonds, global equities and the dollar.

The focus was on the Bank of Japan as it upgraded its economic assessment for a sixth successive month after a two-day meeting but left policy steady, disappointing many in the markets who had hoped for further easing in response to recent market volatility.

Palestinians eye power deal with Israeli conglomerate (FT)

Palestinian officials have lined up a major Israeli customer for what is set to be the West Bank’s largest power plant, the Financial Times has learnt.

IC Power, part of Idan Ofer’s Israel Corporation conglomerate, has expressed interest in potentially buying surplus electricity from the $500m plant, planned to be built in the northern Palestinian city of Jenin, according to two people close to the talks.

Lloyds admits shortcomings in handling PPI complaints (BBC)

Lloyds has admitted shortcomings in the handling of complaints at a centre set up to deal with PPI mis-selling.

UK challenges 'illegal' EU power to ban short-selling (Telegraph)

The Government has challenged new European Union powers to regulate financial markets as "unlawful" and an "institutional revolution" by the back door, during a legal challenge in Europe's Luxembourg court.

First 'Bitcoin baby' is a girl, born last year (Telegraph)

The world's first baby "bought" with Bitcoin is a girl born in California who was conceived when a doctor's offer of discounted fertility treatment if parents paid with the digital currency was accepted by an unnamed couple.