BP loses a second attempt to suspend compensation payments over the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.

Brokerage giant Merrill Lynch agrees to pay $160m (£103.1m) to settle a race discrimination lawsuit with more than 1,200 employees, say lawyers.

The Colombian government offers concessions to small-scale farmers on strike for more than a week, including better prices for their products.

Qantas swings back to profit as its alliance with Emirates helps narrow losses at its international operations.

Brazil raises its benchmark interest rate to 9% from 8.5% in a further attempt to rein in inflation.

The Philippines posts better-than-forecast economic growth, fuelled by its services sector and higher consumer and government spending.

Mobile networks Vodafone and O2 join EE as the UK's 4G providers, with a limited roll-out across three cities.

India's central bank says it will sell US dollars to three state-run oil firms, in its latest attempt to stem the decline in the Indian rupee.