HSBC drags FTSE lower
LONDON British shares lost 0.2 percent on Tuesday, weighed by banking stocks as a week of full-year earnings releases for major listed banks began with HSBC's profit slump.
SEOUL Samsung Electronics Co Ltd said on Tuesday it has halted the production of its Galaxy Note 7 smartphones due to consumer safety concerns.
Samsung will likely permanently halt sales of the flagship device permanently, a person familiar with the matter told Reuters. Samsung did not immediately comment on the matter.
(Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)
LONDON Chancellor of the Exchequer Philip Hammond appears to be on track to meet his target for improving the country's weak public finances this year, potentially giving him a bit of room to ease the squeeze on spending in a budget plan next month.
LONDON/BRUSSELS Britain's plan to free Royal Bank of Scotland from an obligation to sell more than 300 branches risks a clash with the European Commission weeks before the government is due to start formal talks to leave the trading bloc.