* A survey which measures activity in the manufacturing sector showed another deterioration of operating conditions in May. The NCB Purchasing Managers Index rose to 39.4 in May from 36.1 in April. However, the rate of contraction eased for the third month in a row to its weakest since last October. Any figure below 50 means activity fell.

* Shares in British bank Barclays tumbled by nearly 15 per cent in London after Abu Dhabi’s state-owned International Petroleum Investment...

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