Rights to explore Brazil's biggest oilfield are auctioned to the sole bidder - a Brazilian-led consortium - amid angry clashes in Rio.

The number of consumers changing current account provider has hardly changed pace during the first weeks of a new bank switching service.

Coffee chain Starbucks is under fire in China for reportedly charging locals higher prices than in other major markets.

London Market Report

Mining giant BHP Billiton plans to withdraw from nearly all of its oil and gas exploration projects in India, reportedly due to regulatory delays.

China's four major cities see record rise in new home prices in September, stoking fears of a housing bubble.

Owners of the Grangemouth refinery and petro-chemicals complex are to meet later to decide on the plant's fate.

Scottish Power is to pay customers £8.5m after an investigation by industry regulator Ofgem into its doorstep and telephone selling.