Argentina, which is locked in a court battle in New York over its debt, receives more time to argue against paying investors over its defaulted debt.

The government's Energy Bill will be published alongside proposals to pay businesses for cutting electricity use.

The world's second-biggest mining group, Rio Tinto, announces plans to slash its costs by $5bn (£3.2bn) over the next two years.

The Confederation of British Industry is asking the chancellor to use windfall money to help lift economic growth.

Nestle, the world's biggest food group, agrees a deal to develop treatments based on traditional Chinese medicines.

House prices are still falling slowly, according to the latest figures from the Nationwide building society.

Dixons Retail, the owner of Currys and PC World, reports a half-year loss of £79.5m after writing down the value of its online gadget subsidiary Pixmania.

International police forces uncover a Romanian syndicate allegedly behind what officials say is Australia's biggest ever credit card fraud.