Internet giant Google reports a large rise in profits and revenue, well ahead of market expectations.

News Corporation's chairman Rupert Murdoch says his company has handled the phone-hacking crisis 'extremely well' and will recover.

The European Banking Authority (EBA) is set to publish the results of stress tests of 90 banks across Europe.

Strong demand for rented properties has pushed private sector rents to an average of £701 a month in England and Wales, a letting firm says.

S&P warns it may cut the US's triple-A rating if a deal to raise the government's debt ceiling is not agreed upon soon.

BHP Billiton boosts its presence in the booming shale gas market as it agrees a $12bn deal to buy Petrohawk Energy.

South Korea protests to Japan after Tokyo tells diplomats to boycott Korean Air in a territorial dispute between the two countries.

Swiss banking giant Credit Suisse says US authorities are investigating whether it helped US tax dodgers.