Ford and Fiat Chrysler sales fall less than expected, GM misses

Oil slides as rising OPEC output outweighs U.S. decline

Oil prices eased on Monday after rising for seven sessions in a row, as evidence of increasing OPEC crude production snuffed out earlier gains made on the back of data that pointed to moderating U.S. output. U.S. crude futures (CLc1) fell 4 cents to $46.00 a barrel. The drop in U.S. rig count and U.S. Energy Information Administration figures showing output fell by 24,000 barrels per day (bpd) on a monthly basis "sent out a short-term bullish message," he said.


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Bank of England staff vote for first strike in 50 years

Bank of England staff vote for first strike in 50 years

Bank of England staff have voted to hold their first strike in more than 50 years in a push for higher pay, a union said on Monday, adding to pressure for an end to tight controls on public sector wages in Britain. Unite, Britain's biggest union, said maintenance and security staff at the 323-year-old institution would strike for four days from July 31 after they were awarded a 1 percent pay rise. British Prime Minister Theresa May has come under increasing pressure from members of parliament to end a below-inflation 1 percent cap on public sector pay rises that has been in place since 2013 as part of efforts to cut government spending.


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