That's all from the Business Live page today, but tomorrow we will be bringing you quarterly results from Mothercare, Anglo American, Amazon and McDonald's. We will also be watching out for an EU interest rate decision.

Ebay reported a 2.4% fall in revenue in its first quarterly results since the spin-off of its PayPal payments business. The internet auction giant's net revenue fell to $2.1bn in the third quarter ending in Septembter, down from $2.15bn in the same period last year. Net income fell to $539m, down from $673m a year earlier. PayPal, formerly eBay's main growth engine, became a separate company on July 18.  

The lobby group Vote Leave - which wants Britain to exit the EU - has seen the Bank of England's recent report as something benefiting their cause. It wrote: "Mark Carney [Bank governor] has sent a clear warning about the dangers of Eurozone countries giving more power to Brussels. He says that the EU's next treaty will give itself even more power and warns that this creates risks for the UK and how the Bank of England safeguards our economy. British jobs will be much safer if we have control of how our economy is regulated".

Stock markets in the US closed the day lower, which analysts say is down to investors being unimpressed by companies earnings results. Yahoo shares closed 5.2% lower after disappointing financial results. The Dow Jones closed 0.28% lower to 17,168.61 points, the Nasdaq closed 0.84% lower to 4,840.12 points, and the S&P 500 closed almost 0.6% lower to 2,018.94 points. However, Boeing shares did end up the day 1.6% higher as it reported positive quarterly earnings. Ferrari shares closed around 8% higher on their first day listed on the stock exchange.

Shares in the US are mainly lower, as investors remain unimpressed by company earnings report season and health companies continue to fall. The Nasdaq is down 0.5%, and the S&P 500 is also down 0.3%. But the Dow Jones is up 0.2%, buoyed by Boeing shares, which are up almost 2% after the company reported positive results.

The lobby group Britain Stronger in Europe - which wants Britain to remain in the EU - has interpreted the Bank of England's recent report as something benefiting their case. Responding to the Bank governor Mark Carney’s speech at Oxford University, Will Straw from Britain Stronger in Europe, wrote:  “The Governor of the Bank of England has now overwhelming[ly] made the case that our membership of the EU single market increases our stability, our dynamism, and our economic growth.

  “British businesses, and now the person responsible for maintaining Britain’s financial stability, have unambiguously underlined the value to the UK economy of our place in the EU, and that Britain is stronger, safer, and better off inside Europe than we would be out on our own.”

Image source, Getty Images

About 3 million cars in Europe will require hardware changes in the wake of the Volkswagen diesel emissions rigging scandal, Reuters reports. VW admitted it used illegal software to manipulate emissions tests on diesel vehicles in the US. VW said that for other engines a software fix would be sufficient but for its 1.6 litre engines, the hardware also needs to be adapted. 

"The UK is an open economy par excellence. In fact, the UK has bet on openness for almost two centuries. A bet that has paid off handsomely" says Bank of England governor Mark Carney at Oxford University. But he warns: "The flip-side is that openness can change the nature of the unexpected itself, altering the type and scale of shocks hitting the economy. For example, the complexity of financial linkages can grow and become more opaque, creating new vulnerabilities and more severe shocks."

Image source, Getty Images

General Motors' share price is up over 6% as it reported that its third quarter profit fell slightly, but the company rode strong North American sales to overcome $1.5bn in costs from its ignition switch recall.

The Bank of England's governor Mark Carney is giving a speech outlining his report on the effects of EU membership on the Bank's ability to maintain financial stability for Britain. He said  EU membership makes the UK economy more dynamic. However, he added that the increased economic openness will mean the UK is more vulnerable to financial shocks from oversees. He also said EU regulations and rules must be "sufficiently flexible" to cushion any shocks which Britain could become exposed to, both nationally and abroad.

As the Bank of England's governor Mark Carney begins his speech at Oxford University, he wants to make a few things clear: "Our report is solely concerned with how EU membership affects the Bank’s ability to achieve our core objectives of maintaining monetary and financial stability. It is not a comprehensive assessment of the pros and cons of the United Kingdom ‘being in Europe.’" That's us told, then.

Image source, Getty Images

James Murdoch has launched a bid to take full control of Sky, writes The Hollywood Reporter, external. The chief executive of 21st Century Fox and the son of media giant Rupert Murdoch said not having complete control of the pan-European broadcaster was “not an end state that is natural for us”.

Image source, Getty Images

The UK should look for investment from China's private sector, rather than its state-owned companies, says Dr Dylan Sutherland, an expert in Chinese business from the UK's Durham University. Following Chinese state-owned CGN’s investment in Hinkley Point [nuclear power plant], Dr Sutherland wrote: “It will be far easier for the UK to benefit from China’s private sector than from large state-owned groups.Further promoting investment by private firms could prove a better more relevant long-term strategy for the UK than getting mixed up in politically complex deals with opaque state-owned groups."

The nuclear power plant announced between the UK and China will power six million UK homes, according to the British government, external. The Hinkley Point C plant (artists impression pictured) was delayed in September, but now Chinese energy giant CGN will invest to get it built - although not without criticism (see earlier posts). The government added that the plant will provide power for about 60 years, as well as creating 25,000 jobs and up to 1,000 apprentices.

Image source, EDF

Sergio Marchionne, Fiat Chrysler boss speak to the BBC's business reporter in New York, Michelle Fleury. He says the Volkswagen diesel emissions cheating scandal was a failure of governance. He adds: "I am not against diesel... I think we are going [through] a period of time [where we will] pay the price for the anti diesel movement, but I think it won’t last long."

In a personal film, the chairman of environmental think tank E3G Tom Burke claims that the China-UK nuclear deal would be "a very bad deal for Britain" - for both the environment and taxpayers - describing it as an "expensive folly". Watch the film on the BBC website.

The UK is being criticised for making a multi-billion pound nuclear deal with China - a country which critics emphasised has issues with its human rights record. At a press conference announcing the  deal, David Cameron replied: "You can have a strong relationship which is good for investment and growth. The stronger our economic partnerships are, the more able we are to have frank discussions about other issues." 

There are questions over the UK's dying steel industry, while the UK has just agreed to a multi-billion pound deal with China to build new nuclear power plants in Britain. Cameron replied: "I'd say to steelworkers, we'll take action on rising costs and tax. But the investment we are talking about today, we will use British steel in this." He also said that he will use his position in the EU to assist steelworkers.