Economic news
Industry bids ‘good riddance’ to SEC rules
Plus, Scottish Widows cuts UK exposure, emerging markets outperform, and Jenny Saville at the National Portrait Gallery
Oil price jumps to five-month high after US strikes on Iran
International benchmark Brent rises to more than $80 a barrel before paring some of its gains
China needs to take a long-term view and let the renminbi rise
Appreciation would suit Beijing’s global ambitions for the currency
Lloyds moves £6bn pension fund in house
New provider Scottish Widows is overhauling its offering
Germany and Italy pressed to bring $245bn of gold home from US
Trump’s attacks on the Fed and growing geopolitical risks reignite public debate about repatriating bullion