Sino-Forest Corporation's CEO Allen Chan resigns amid allegations of an accounting fraud by the Ontario Securities Commission.

The world's biggest aluminium producer Rusal reports a bigger-than-expected fall in three-month profits.

Shares of Chinese refiner Sinopec jump at the Hong Kong stock exchange after better-than-expected first half earnings report.

Finance Minister Yoshihiko Noda wins the Democratic Party leadership race, putting him on track to become Japan's sixth PM in five years.

Greece's second and third biggest banks are expected to announce their merger on Monday to help them cope with the debt crisis.

Royal Bank of Scotland says it will no longer do fundraising work for the Belarus government after pressure from human rights groups.

UK banks need to focus on lending, and should not be distracted by more regulation, says the head of the British Bankers' Association.

US consumer spending rebounded by 0.8% last month, driven by a rise in car sales, official figures show.