American car giant General Motors recalls more than 220,000 vehicles, mainly in the US and Canada, due to a brake defect.

Siemens of Germany makes a $7.6bn acquisition of US firm Dresser-Rand to help boost its oil and gas business in North America.

Asian markets are lower ahead of Chinese manufacturing data, Softbank shares slide in Tokyo post-Alibaba listing.

Labour plans to retain for a further year a coalition policy limiting the annual increase in child benefit to 1%, Ed Balls will tell his party's conference.

Tesco suspends "a number of people", including four executives, as it launches an inquiry into why its half-year profit forecast was overstated by £250m.

Mobile phone operator EE is to buy 58 stores from Phones 4U, which fell into administration last week.

UK bank Aldermore announces that it intends to float on the London Stock Exchange in October.

The chief executive of Chinese footwear firm Ultrasonic has spoken to Chinese media and denied running off with the firm's cash.