The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and governments must do more.

The number of cases of serious tax evasion are at their lowest level in the five years, despite widespread belief it is on the rise, according to a report by a law firm.

Successive governments have failed to produce a coherent long-term strategy for housing, the Royal Institution of Chartered Surveyors says.

Vodafone has agreed with the board of Kabel Deutschland to buy the German cable firm for 7.7bn euros (£6.6bn).

Chinese stocks fall further as the country's central bank indicates its credit tightening policy will continue.

Japan's Suntory Holdings expects to raise $4bn (£2.57bn) - down from an earlier estimate of $4.7bn - from the listing of its food and soft-drinks unit next week.

Germany's Ifo index of business sentiment rises slightly in June, raising hopes that the eurozone's largest economy is returning to growth

Blanco, the former Rabobank cycling team, signs a 30-month sponsorship deal with Belkin electronics ahead of this year's Tour De France.