The crisis-struck Spanish and Cypriot governments' credit ratings are cut by Moody's, leaving Spain just above "junk" levels.

A biofuel venture set up by Shell in Brazil is to give up plans to buy sugar cane grown illegally in ancestral indigenous lands.

The chancellor is to set out plans to change how UK banks operate, which will see their retail operations ring-fenced, giving more protection to savers.

Manchester United football club is considering moving its planned stock market flotation to the US from Singapore, reports suggest.

Luxury goods company Mulberry, famous for its leather bags, reports a sharp jump in annual profits.

Spain's borrowing costs rise to a new euro-era record following Moody's decision to cut the country's credit rating to one level above "junk".

Nokia cuts another 10,000 jobs and warns that second-quarter losses from its mobile phone business will be larger than expected.

Westlife singer Shane Filan is declared bankrupt in the UK after his Irish property development company got into difficulties.