Vodafone says that its talks about selling its 45% stake in Verizon Communications are "advanced" as it puts a value of $130bn (£84bn) on the stake.

China's manufacturing activity picks up speed in August, hitting a 16-month high, allaying some fears of a sharp slowdown in its economy.

India is considering a proposal to shut fuel pumps at night as it looks at ways to cut its oil import bill, oil minister Veerappa Moily says.

Venezuela's finance minister Nelson Merentes says the economic policies of late President Hugo Chavez and his successor have not yet succeeded.

UK factories are "booming again", a survey of the manufacturing sector says, with output and new orders growing at their fastest rates since 1994.

Premier League clubs have been on a player buying spree, with spending at £515m, as the closing of the transfer window approaches.

Internet giant Yahoo closed its news and community services in China at the weekend, according to local media.

Mexico's agriculture ministry says drinks firms have shipped their first load of fine 100% blue agave tequila to China.