The loss-making parent company of American Airlines says it will shed 13,000 jobs - around 15% of its workforce.

Ofcom reports a 22% gain in the UK's average broadband download speed between May and November, but not all ISPs improved.

Shares of Australian miner Lynas surge after Malaysian authorities grant it a licence to operate a rare earth refinery.

Pakistan's efforts to revive its exports have received a boost after some of its goods were given duty free access to the EU.

China's box office takings surged 29% to $2.1bn in 2011 and are forecast to rise by around 20% this year, new figures show.

Japanese carmakers report a jump in their US sales in January boosted by new models and the restoration of supply chains.

Japanese electronics giant Sony reports another quarterly loss after sales were hit by lower production following the floods in Thailand.

Drugs firm AstraZeneca announces a further 7,300 job cuts over the next two years as part of a new restructuring programme.