The ratings agency Fitch says that Argentina, which is locked in a court battle in New York over its debt, will probably default on what it owes.

Ericsson files a lawsuit in the US against South Korea's Samsung Electronics for allegedly infringing its patents.

Qantas says it is severing ties with Australia's official tourism agency because of its chairman's 'conflict of interest'.

The Philippines economy grows more than forecast in the third quarter, boosted by increased consumer and government spending and a recovery in exports.

Ministers are due to unveil plans for a minimum price for alcohol in England and Wales as part of a drive to tackle problem drinking.

Singapore-based commodities firm Olam International fights back in its escalating battle with US research company Muddy Waters.

The UK's new Green Investment Bank is to be officially launched in Edinburgh by the Business Secretary Vince Cable.

Struggling travel group Thomas Cook has reported widening annual losses due to reduced capacity and higher fuel costs.