UK govt to ban leaseholds on new build houses

The UK government on Tuesday said it would ban builders from selling new homes as leasehold and was considering cutting ground rents to zero to curb a growing national scandal that has seen new property buyers exploited. 

Asia report: Markets mixed as traders count down to FOMC

Markets in Asia were mostly lower on Tuesday after a mixed session in the US overnight, as traders looked towards the upcoming Federal Open Market Committee meeting for cues as to the direction the US central bank is heading. 

London pre-open: Stocks seen lower ahead of busy week

London stocks were set for a weaker open on Monday ahead of a busy week of earnings, as investors digested news that the International Monetary Fund has cut its forecasts for UK and US economic growth this year.