• Sterling dived and the FTSE share index was set to fall 1 percent on Friday after a shockingly bad election result for Prime Minister Theresa May plunged Britain into political chaos days before the start of Brexit talks.• South Korean President Moon Jae-in said on Monday ties with Japan are being blocked by historical issues that will take time to resolve and asked for Japan's understanding on the issue.
• China and Panama will cooperate on trade, investment, maritime matters and tourism, Chinese Foreign Minister Wang Yi said on Tuesday, after the two countries established formal diplomatic ties.
China also welcomed Panama to participate in the Beijing-led "Belt and Road" initiative, a statement from the Chinese foreign ministry cited Wang as saying.
Panama's government said earlier it had broken diplomatic ties with Taiwan as it established formal relations with China.
• Oil prices edged up on Tuesday, lifted by statements that Saudi Arabia was making significant supply cuts, although rising U.S. output meant that markets remain well supplied.
Brent crude futures were at $48.51 per barrel at 0649 GMT, up 22 cents, or 0.5 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $46.28 per barrel, up 20 cents, or 0.4 percent.
Reference: Reuters
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