The Bank of Canada names long-term bureaucrat Stephen Poloz as its new head, replacing Mark Carney who is going to run the Bank of England.

Shares of LinkedIn fall more than 10% in after-hours trading in New York, after a weaker-than-expected forecast for the current quarter.

India's largest mobile phone operator, Bharti Airtel, agrees to sell a 5% stake to Qatar Foundation Endowment as it looks to strengthen its finances.

The chairman of Royal Bank of Scotland (RBS) says the bank will be ready to return to the private sector next year, as it reports a return to profit.

India has cut interest rates for the third time this year in an attempt to revive growth in its sluggish economy.

Adidas, the world's second biggest sportswear firm, posts higher profits despite seeing sales fall in the first three months of 2013.

The UK's services sector, which accounts for around 75% of the economy, grew by its fastest rate in eight months in April, new data suggest.

Car maker Honda announces it has achieved its job cut target at its Swindon plant mainly through voluntary redundancy.