Dailynews

China’s state owned Sinosteel buys a majority stake in Australian iron ore miner Midwest.
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The boss of Belgium’s largest bank, Fortis, steps down as shareholders criticise his handling of the credit crisis.
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The Vatican made a loss last year as the weakening dollar reduced the value of donations from the US.
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Ongoing concerns about oil supplies pushes the price of a barrel of crude to new record highs above $147 a barrel.
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RBS unveils plans to sell off the Australian assets of ABN Amro - the Dutch bank which it bought last year.
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General Electric says profits fell 6% in the second quarter as the US economy was “challenged”.
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Mobile phone firms reach a deadline to cut the price of sending text messages in EU member nations.
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A Chinese businessman wins the right to have lunch with Warren Buffett after bidding $2.1m on auction site eBay.
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The US Federal Reserve auctions a further $75bn of loans to banks to help them through the credit crunch.
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Investment in ‘green’ energy surged in 2007 and early 2008 despite financial market woe, a report says.
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World oil supplies will grow more slowly than previously thought over the next five years, warns the International Energy Agency.
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Markets fall in the US, Europe and Asia as inflation worries and fears of further bank losses dent confidence.
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Foreign staff at BP’s Russian joint venture could be forced out of the country after their visa requests were refused.
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GM shares fall to a 54-year low as investors worry about the firm’s financial position amid falling sales.
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Mobile phone maker Sony Ericsson warns investors that its profits would be less than previously expected.
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Global stock markets have suffered a sell-off sparked by worries about the economy and record oil prices
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Up to 30,000 Volkswagens are damaged by hail stones the size of tennis balls hitting new cars at its Emden plant.
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Anheuser Busch, the brewer best known for Budweiser, rejects a takeover offer from rival brewer InBev.
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The chairman of Microsoft, Bill Gates, is stepping down from his day-to-day job at the world’s largest software company.
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Crude oil retreats slightly after breaking through $142 a barrel, on concerns that supply will not meet demand.
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The US Federal Reserve reveals its strategy to tackle to credit crunch
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The number of members of the global US dollar millionaires ‘club grew in 2007, a wealth report says.
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A senior FBI officer says more arrests will be made as part of its probe into mortgage fraud and the credit crunch.
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Opec president Chakib Khelil rebuffs calls to increase supply, and says other factors are affecting price.
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British energy firm BG Group makes a $13.15bn hostile bid for Australian power company Origin Energy.
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The Russian chairman of BP’s joint venture, TNK-BP, tells the BBC the firm’s chief executive should quit.
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High-speed rail would benefit the UK more than plans to expand Heathrow airport, says the RMT rail workers’ union.
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US consumer confidence in June fell to its lowest level since February 1992, a survey suggests.
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Pay rises from the boardroom to the shopfloor must be consistent with a 2% inflation target, the chancellor says.
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The Indian rupee continues to slide in value against the dollar amid concerns high oil prices will stoke inflation.
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Oil prices rise after emergency talks in Jeddah over the weekend end with no real resolution.
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British Airways increases its fuel surcharge for passengers travelling in its premium classes.
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The net could see its biggest change in decades if plans to open up the address system are approved this week.
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A strike by fuel tanker drivers over pay ends and talks aimed at averting further industrial action resume.
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US software firm Adobe reports a 41% jump in second-quarter profit thanks to international markets.
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Goldman Sachs reports an 11% fall in quarterly profit, avoiding the massive losses sustained by some rivals.
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A former EADS official is held by financial police for a second day in an inquiry into alleged insider trading.
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Nigeria suspends the head of its oil watchdog amid a probe into licences awarded under a former national president.
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