Fitch ratings agency revises its outlook on the US from "stable" to "negative" after Congressmen fail to agree deficit cuts.

US and EU leaders announce steps towards launching bilateral trade talks, as they wrap up a White House summit addressing the eurozone debt crisis.

Chancellor George Osborne prepares to outline plans to boost the UK's sluggish economy - against expected gloomy forecasts for growth.

An all-party meeting fails to break a deadlock between the government and opposition on foreign direct investment retail.

Japan's household spending falls while the unemployment rate increases raising concerns about economic recovery.

UK house prices have remained "surprisingly resilient" in recent months, says the Nationwide, as it records a further rise in values.

Asian stock markets continue to rally after strong gains in the US and Europe on Monday, on hopes of a eurozone solution.

Italy has had large debts for many years with no one questioning its ability to pay them back, until now.