The heads of a congressional committee tasked with finding $1.2tn (£762bn) in savings says it has failed to come to an agreement.

Cuban farmers will be allowed to sell their products directly to tourist businesses under new rules to be introduced next month.

Computer firm Hewlett-Packard unveils a 91% fall in fourth-quarter profits as it swallows a $3.3bn (£2.1bn) charge to close down its WebOS business.

The US, Canada and UK announce fresh sanctions against Iran amid growing concern over Tehran's nuclear programme.

The high salaries of UK executives are "corrosive" to the economy and undermine productivity, the High Pay Commission claims.

Asian shares fall after a US congressional committee fails on Monday to agree a deal to cut the deficit by $1.2tn (£762bn).

While the Greek debt crisis occupies world leaders at the G20 summit of the biggest economic powers, should we fear the potential fallout here?

Growth in the developing economies of East Asia is moderating because of weakening external demand, said the World Bank in a report.