China grows at one of lowest rates on record; Thames Water has funds to survive to year end – business live
Thames Water says it has £515m cash in the bank as its debts swell to £18.5bn
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
China grew 4.3% in the quarter to 30 June, one of the slowest rates on record, as sluggish domestic demand outweighed a surge in exports.
While operationally the business is improving, we are also working with our creditors, regulators and government to complete our recapitalisation.
10am BST: Eurozone industrial production for May
1.30pm BST: US producer prices for June
2.45pm BST: Bank of Canada interest rate decision
3pm BST: US Federal Reserve chair Kevin Warsh Congress testimony
UK Treasury annual report and accounts TBC
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