Redundancies are set to rise sharply in the next few months as public sector cuts bite, a survey by an industry body suggests.

China's trade surplus has shrunk to a nine-month low due to strong imports, according to official data.

Three companies that buy gold from consumers by post have been ordered to improve their treatment of customers by a watchdog.

Shares in energy services company John Wood Group jump 12% following a deal to sell its well support division to General Electric.

Swiss bank Credit Suisse says it is to raise 6bn Swiss francs ($6.2bn) from Middle Eastern investors to boost its capital reserves.

As Mobile World Congress kicks off in Barcelona, a host of mobile firms launch devices featuring Google's Android software.

President Barack Obama will unveil a 2012 budget plan for the US later, which is expected to include cuts to domestic spending.

Russia raises 96bn roubles ($3.3bn, £2.1bn) from the sale of a 10% stake in the country's second biggest bank, VTB.