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G8 backs Greek euro membership
The leaders of the G8 group of major economies say they want Greece to remain in the eurozone, and commit to promoting growth.

Facebook shares see modest debut
Facebook shares end a volatile first day of trading at $38.23, barely above the company's initial pricing, having initially jumped more than 10%.

Merkel 'suggests Greek euro vote'
Greek officials say Germany's Chancellor Merkel has suggested a euro referendum, but Berlin denies the report, as world leaders gather in the US for a G8 summit meeting.

Yahoo jumps on Alibaba deal talk
Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.

N Rock rescue 'could cost £2bn'
The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.

JP Morgan boss to testify in US
JP Morgan chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy.

UK in £50m pork deal with China
The UK agrees a £50m trade deal to sell pork to China, the world's biggest market for pig meat, where parts such as offal and trotters are more popular.

HMRC defends child benefit plan
Asking people to reveal financial information to their partners is legal, HM Revenue & Customs says, despite claims it breaks confidentiality rules.

Cuban offshore oil attempt fails
Spain's Repsol oil company says a first attempt to find oil off Cuba's northern coast has been unsuccessful.

LSE reveals strong profits rise
The London Stock Exchange bucks the economic turmoil to deliver a better-than-expected rise in annual profit.

Argentine gas exports cancelled
Spanish energy giant Repsol cancels a contract to provide gas to Argentina, in a continuing row after Buenos Aries nationalised one of its subsidiaries.

Rain dampens sales at pub group
Pubs group Mitchells & Butlers reports a sharp slowdown in sales, saying the recent wet weather has led to fewer customers.

EU 'plans for Greek exit option'
The EU Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.

Stagecoach in £100m US expansion
Perth transport group Stagecoach is to buy parts of a US bus firm for about £100m, helping it expand its operations.

£9k fees 'to push debt up £100bn'
A study suggests public sector debt will be pushed up by £100bn over next two decades by higher university fees.

Private rents 'increasing again'
Private rents in England and Wales went up by 0.5% in April, according to letting agency group LSL Property Services.

More households in fuel poverty
Gas and electricity price rises at the end of last year are expected to have pushed 400,000 more households in England into fuel poverty.

Market jitters over eurozone woes
European markets suffer a nervous session with investors unsettled by a downgrade for Spanish banks and the political crisis in Greece.

China property prices fall again
Chinese property prices continued to fall during April after the government kept policies in place to curb speculation.

Spain's cost of borrowing jumps
The cost of borrowing on the international money markets rise sharply for Spain as investors fear further financial turmoil in Europe.

Moody's downgrades Spanish banks
Ratings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another 14%.

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