Rogue trader Kweku Adoboli was not put under too much pressure to deliver profits, his former manager at UBS tells the BBC.

The British Chambers of Commerce increases its forecast for UK growth for 2012 but still expects the economy to shrink.

Shares of Singapore-based commodities firm Olam International climb more than 8% on its plan to raise as much as $1.25bn in fresh funds.

A Chinese government-linked company pleads guilty to illegally exporting high-performance coatings from the US to a nuclear power plant in Pakistan.

The head of the Eurogroup, the Luxembourg Prime Minister Jean-Claude Juncker, is to step down at the end of the year.

Australia's central bank cuts its benchmark interest rate by 25 basis points to 3%, as it looks to counter a slowdown in its mining sector.

EDF extends the operating life of two of its UK nuclear power stations - Hinkley Point B and Hunterston B - by seven years.

The chancellor will announce that the public sector will take stakes of up to 49% in private finance initiative (PFI) projects.