Bonus cap to catch tens of thousands more bankers in Europe (FT )
"Tens of thousands more bankers are set to be hit by the EU’s strict bonus cap under a proposal that will severely tighten the political clampdown on pay in the financial sector.
Europe’s banking regulator has this week significantly widened the definition of staff who will be affected by the incoming bonus cap to include anyone earning more than €500,000."
Japan buys into US shale gas boom (FT )
In the latest step towards internationalising the US shale gas boom, the developer of a $10bn LNG export facility in Louisiana has agreed to sell half its stake in the project to a group of Japanese and French companies.
Morrisons to offer online shopping in Ocado deal (BBC )
Morrisons, the UK's fourth largest supermarket chain, is going into business with internet grocer Ocado.
Morrisons says it has agreed a deal that will enable it to launch an online grocery service by January 2014.
European car sales in first rise for 18 months (BBC )
New car sales across Europe rose in April for the first time in 18 months, helped by strong demand in the UK and by the early Easter break.
Registrations rose 1.8% to 1.08 million in April, compared with a year ago. The last rise was in September 2011, said the industry association, ACEA.
BoE policymaker Martin Weale douses hopes of monetary stimulus when Mark Carney arrives (Telegraph )
Martin Weale, a member of the rate-setting Monetary Policy Committee, warned that more stimulus risked a damaging surge in inflation because price rises have already been higher than the Bank's 2pc target for most of the past four years. The persistent overshoot, he said, “is a constraint on my freedom of action”.