Oil retreats from one-year high above $79

Oil hit a year-high above $79 a barrel on Monday, driven by bullish sentiment across financial markets, but later slipped back as traders questioned whether ample fuel supplies justified current price levels.

UK says bank bonuses should reflect state help

Britain's banks should consider their wider responsibility to society and "soft" government guarantees that have helped to support them before deciding on bonus payouts later this year, the financial regulator said on