Blackberry maker Research in Motion says it will delay the launch of its new phone operating system Blackberry 10 and says it is to cut 5,000 jobs.

The boss of Barclays says the banking lending rates scandal at the bank was "limited to a small number of people".

Nike reports an 8% fall in fourth-quarter profit to $549m (£354m), as higher costs hit its profit margins.

China says it is planning to set up a special zone to experiment with the yuan's convertibility as it seeks to open up its capital markets.

Malaysia's Petronas agrees to buy Canada's Progress Energy Resources in a deal worth 5.5bn Canadian dollars ($5.3bn; £3.4bn).

The Financial Services Authority finds 'serious failings' in the way banks sold specialist insurance known as interest rate swaps to thousands of small businesses.

Bank of England governor Sir Mervyn King has called for a change in the UK's banking culture, saying customers received "shoddy" treatment.

Private equity firm 3i reduces its global headcount by more than a third in a bid to cut costs and reverse its poor financial performance.