Business headlines

BANKERS 'MUST SWEAR OATH'
An oath for bankers should be introduced to raise accountability and standards in banking, says a think tank.

CHINA REGULATORS IN MICROSOFT VISIT
Microsoft confirms that officials from the Chinese regulatory body responsible for enforcing business laws have visited some of its offices.

LLOYDS FINED £218M OVER LIBOR
Lloyds Banking Group is fined £218m for "serious misconduct" relating to key interest rates including Libor.

BEAUTY SPOTS STILL AT FRACKING 'RISK'
Government guidance that fracking licences can only be issued for beauty spots in "exceptional circumstances" receives a mixed response from campaigners.

RUSSIA PLANS $50BN YUKOS APPEAL
Russia will appeal against a court decision ordering it to pay the biggest compensation package to date, amounting to $50bn (£29.5bn) in damages.

HOUSE PRICE GROWTH 'STARTS TO SLOW'
Seven out of 10 regions of England and Wales recorded month-on-month falls in house prices in June, according to the Land Registry.

EMIRATES TO STOP FLYING OVER IRAQ
Emirates Airline will stop flying over Iraq to protect its passengers from the threat of Islamic militants on the ground, according to reports.

BUPA CALLS FOR 15% INDUSTRY PRICE CUT
Britain's biggest private healthcare company tells the BBC that it is charging its own customers too much and that the industry needs to urgently rethink how it sets prices.

'COMMUNITY BANKS' TO AVERT DEBT TRAP
The best credit unions should be empowered to offer short-term loans that are cheaper than those offered by payday lenders, according to a report from a think tank.

RISE IN YOUNGER FRAUDSTERS SAYS KPMG
Frauds committed by those aged 26-35 rise 285% in the first half of the year, to just over £62m, according to research by accountants KPMG.