China's government will target 7.5% economic growth this year, in a sign that a rapid pace of growth has become less of a priority.

The UK will avoid a double-dip recession but growth this year will be slower than previously forecast, the British Chambers of Commerce says.

Supermarket giant Tesco announces plans to create 20,000 new jobs in the UK over the next two years and an expansion for its apprenticeship scheme.

Iceland's former Prime Minister Geir Haarde is to go on trial for "negligence" in his handling of the 2008 financial crisis.

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

Bailed out US insurance giant AIG is selling shares worth $6bn (£3.8bn) in Hong-Kong based AIA, to help repay the US government.

Hong Kong extends trading hours despite protests from some brokers and traders, who say they need a long lunch break to meet clients.

Commodities trading giant Glencore reports a sharp rise in revenues on the back of higher prices for raw materials.