The founder of US futures broker Peregrine Financial Group pleads guilty to a massive fraud involving 24,000 customers in the US state of Iowa.

Shares of Japanese firms that have suspended some of their operations in China in wake of the anti-Japan protests fall in Tokyo.

Shares in Fortescue Metals Group surge after the Australian miner secures a $4.5bn (£2.8bn) credit facility to pay down debts.

The government is considering pegging benefits increases to average earnings, not inflation, in an effort to make huge welfare savings, BBC Newsnight's Allegra Stratton learns.

Some 9.9% of loans by Spain's banks are now in arrears, according to central bank figures, the highest bad loan ratio since records began.

Tax inspectors are to target the legal profession among others during their latest trawl for suspected tax dodging.

Banks must "look again" at financial inclusion after new bankrupts saw the end to a choice of bank accounts, consumer minister Jo Swinson says.

Games company Electronic Arts creates 300 new jobs at its European customer service centre in Galway, in the Republic of Ireland