UK banks told to rewrite employment contracts of staff on top-up payments

The UK’s banks have been told by the Bank of England that they need to rewrite the employment contracts of hundreds of staff receiving top-up payments alongside their salaries because of the European Union’s bonus cap.

Euro hits fresh one-year low, hamstrung by Ukraine turmoil

SYDNEY/SINGAPORE, Sept 1 (Reuters) - The euro hit a fresh one-year low on Monday, as heightened worries about the crisis in Ukraine kept the currency on the defensive ahead of a European Central Bank policy meeting later this week.

Euro sags after inflation data, EM steady after rout

LONDON (Reuters) - The euro fell and the bloc's government bonds rallied on Friday as weaker-than-expected inflation data increased pressure on the European Central Bank to either cut rates or employ other easing tools at its meeting next week.