Billionaire investor Carl Icahn says he will improve his offer for Dell as he tries to stop a takeover by the computer maker's founder.

US shares close at record levels following reassurance that efforts to boost the economy by the Federal Reserve will not end soon.

China agrees to resume talks on a bilateral investment treaty with the US which could open up new opportunities for businesses in both the countries.

Co-op Group considered using the Bank of England's resolution process to deal with its struggling bank, BBC Business Editor Robert Peston has learned.

Shares of Infosys, India's second-largest software firm, rise by 12% after it reports a jump in profits and leaves its revenue growth outlook unchanged.

The maker of Irn Bru announces it will not make a bid for rival soft drinks firm Britvic, days after clearance from the Competition Commission.

Shares in South Korean car makers Hyundai and Kia fall by about 5% after reports that eight Chinese cities could implement curbs on car sales.

The US government reported a budget surplus of $116.5b (£77.02b) in June, the most in five years.