Highlights - Bank of England's Carney speaks in parliamentBank of England Governor Mark Carney spoke to a committee of lawmakers from the House of Lords in Britain's parliament on Tuesday. UK NEEDS FLEXIBILITY TO ADJUST FINANCIAL RULES "Because the UK financial sector is what it is, it's the most complex, it's the biggest relative to the economy, it's the most important by orders of magnitude in Europe and to some extent the world, we need the flexibility to go a little bit farther sometimes, to adjust those regulations in a way that helps protect the domestic economy from the scale of that financial sector.
Carney says politics not a factor for his Bank of England future
By David Milliken and William Schomberg LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday that he would not be swayed by political issues as he weighs up whether to extend his stay at the British central bank beyond his scheduled departure in 2018. Carney also played down recent criticism by Prime Minister Theresa May of the "bad side-effects" of low interest rates. "I want to find some time to reflect on it," Carney told members of the House of Lords, the upper house of Britain's parliament, when asked about the factors that he was taking into account as he weighed up how long to stay at the BoE.
Carney says UK-EU trade links could be global templateBy Huw Jones LONDON (Reuters) - Britain's future trading relations in financial services with the European Union could be a template for a global regulatory system, Bank of England Governor Mark Carney said on Tuesday. Banks in Britain are readying plans to potentially shift some operations to continental Europe as hopes fade for unfettered access to the single market after the UK leaves the bloc. Some policymakers say the EU's system of "equivalence" could provide a gateway for UK-based banks into the bloc.
Sterling fall 'undoubtedly' on agenda at BoE rate meeting - CarneyBank of England Governor Mark Carney said on Tuesday that the central bank would "undoubtedly" take the recent fall of sterling into account when its policymakers meet to consider cutting interest rates in the coming days. "It's undoubtedly something we will take into account over the course of the next week as we sit down, update our forecast and make our policy decision," Carney told lawmakers. The BoE is due to announce on Nov. 3 whether it has cut interest rates to a new record low.
IMF: Sub-Saharan Africa growth to slow to lowest in 20 yearsWASHINGTON (AP) ? The International Monetary Fund warned on Tuesday that growth in the sub-Saharan Africa region is likely to slow to its lowest point in more than 20 years, with average growth forecast at just 1.5 percent this year due to lower commodity prices and an unfriendly global economic environment.
General Motors beats earnings expectations, investor fears linger
GM's quarterly results zoomed past analysts' forecasts. The selloff hit other U.S. auto stocks on Tuesday, including Ford Motor Co and Fiat Chrysler Automobiles NV. GM Chief Executive Mary Barra told analysts on Tuesday "we are working hard to make sure the core business is operating in a very disciplined fashion" while the company invests in future technology such as self-driving cars.
Russia says it extends moratorium on Aleppo air strikes
By Andrew Osborn and Lisa Barrington MOSCOW/BEIRUT (Reuters) - Russia said on Tuesday it would extend a moratorium on air strikes on Syria's Aleppo into a ninth day, but a monitor and a civil defense official said that rebel-held parts of the divided city had been struck in recent days. Defense ministry spokesman Major-General Igor Konashenkov said Russian and Syrian planes had not even approached, let alone bombed, the devastated city since last Tuesday when Russia suspended air strikes ahead of a pause in hostilities. Rudskoi said that meant Russian and Syrian planes would continue to stay out of a 10 km (6-mile) zone around Aleppo.
Mormons preach love for LGBT members, but no doctrinal shiftSALT LAKE CITY (AP) ? Mormon leaders are telling gay and lesbian members in a new website launched Tuesday that attraction to people of the same-sex isn't a sin or a measure of their faithfulness, but reminding them that acting on those feelings by having sex violates fundamental doctrinal beliefs that will not change.
Zoo: Gorilla's death drew attention, didn't hurt attendanceCINCINNATI (AP) ? The Cincinnati Zoo's director says the death of a gorilla that was shot when a 3-year-old boy got into its enclosure is still drawing attention but hasn't significantly affected attendance.
MP from May's party resigns after Heathrow decisionLONDON (Reuters) - Conservative lawmaker Zac Goldsmith, a vocal opponent of the expansion of Heathrow Airport, on Tuesday notified the government of his decision to resign from parliament, the finance ministry said in a statement. Goldsmith, who represents a constituency near the airport, had previously pledged to quit if Heathrow was given the go ahead to expand -- something which happened earlier on Tuesday. The resignation will prompt an election for his west London seat. Goldsmith, who unsuccessfully ran for London mayor earlier this year, is expected to run as an independent candidate. ...