General Motors is close to buying a small stake in Peugeot Citroen as part of a strategic alliance between the carmakers, reports say.

Greek debt classified as in "selective default" by the credit rating agency Standard and Poor's following the nation's bailout deal.

Britain's service sector has weakened in recent months, according to the CBI - but its latest report suggests the situation might be stabilising.

Japan retail sales rise more-than-expected in January driven up by a surge in car purchases as government subsidies boost demand.

Billabong shares dip after the firm rejects a revised bid from TPG Capital and says talks between the two have broken down.

Investment by businesses in the arts drops to its lowest level for seven years despite a government drive to encourage philanthropy.

Michael Douglas, who played a greedy executive in the movie Wall Street, is the FBI's new spokesman against insider trading.

Elpida shares fail to find buyers at the Tokyo Stock Exchange as investors shun the chipmaker after it filed for bankruptcy protection.