New rules to stop the resurgence of risky mortgage lending are likely to be imposed in 2013 by the financial regulator.

One in five UK households saw a drop in income in the last quarter, a survey by financial services group Deloitte suggests.

House prices in most Chinese cities are falling as government policies aimed at cooling the property market start to take effect.

The chancellor is expected to announce to MPs that he will legislate to separate retail banking from more risky investment activities.

South Korean shares decline after North Korea's state media announces the death of the country's leader Kim Jong-il.

The Indian government approves a bill which will guarantee cheap food for more than half of the country's people.

Qantas Airways says it has reached an agreement with its main engineers union, in one of three ongoing disputes between the Australian airline and its workers.

HMV considers selling its live music division as the troubled music retailer reports a further slump in sales and profits.