KPMG under investigation over audits for Prax’s State Oil arm
Big Four accountant, PKF Littlejohn and an unnamed individual to face FRC probe
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Anglo nickel deal tests EU resolve over Chinese control of resources
China-backed MMG urges Brussels to approve $500mn transaction as European regulators prepare formal warning
IEA warns of ‘lost period’ in global oil demand
Strait of Hormuz will not reopen this year, agency says, warning of sharp drop in demand
Citadel hands international equities leadership to Elliott veteran Nabeel Bhanji
Ken Griffin’s hedge fund combines divisions as it seeks to deploy more firepower outside US
US diesel hits record $6 a gallon on Iran supply shock
Surging cost for fuel critical to agriculture and industry stokes price pressures as Americans confront affordability crunch
Bond markets stabilise after global sell-off
Traders respond to decline in oil prices as markets await crucial US inflation figures