Shares on Wall Street picked up on Tuesday to a new all-time high as investors bet that the US central bank would continue supporting the economy.

The UK tax authority's failure to hit a target of reducing tax credit fraud and error has "cost the taxpayer dear", a committee of MPs says.

Microsoft unveils the third generation of its video games console in an event at its headquarters at Redmond, Washington.

David Cameron is to urge EU leaders to back action against the tax evasion and "aggressive" tax avoidance he says is costing all nations.

The cold weather helps energy supplier SSE to report a rise in profits, despite disruption from heavy snow and a fine from regulators.

The UK's largest building society, Nationwide, says its share of the mortgage market has reached a record high.

Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities.

Japan posts its tenth straight monthly trade deficit as a weaker yen increases the cost of imports more than it helps boost exports.