Headlines
  • Facebook shares see modest debut; Facebook shares end a volatile first day of trading at $38.23, barely above the company's initial pricing, having initially jumped more than 10%.
  • Merkel 'suggests Greek euro vote'; Greek officials say Germany's Chancellor Merkel has suggested a euro referendum, but Berlin denies the report, as world leaders gather in the US for a G8 summit meeting.
  • Market jitters over eurozone woes; European markets suffer a nervous session with investors unsettled by a downgrade for Spanish banks and the political crisis in Greece.
  • Yahoo jumps on Alibaba deal talk; Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
  • N Rock rescue 'could cost £2bn'; The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.
  • JP Morgan boss to testify in US; JP Morgan chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy.
  • UK in £50m pork deal with China; The UK agrees a £50m trade deal to sell pork to China, the world's biggest market for pig meat, where parts such as offal and trotters are more popular.
  • HMRC defends child benefit plan; Asking people to reveal financial information to their partners is legal, HM Revenue & Customs says, despite claims it breaks confidentiality rules.
  • Cuban offshore oil attempt fails; Spain's Repsol oil company says a first attempt to find oil off Cuba's northern coast has been unsuccessful.
  • LSE reveals strong profits rise; The London Stock Exchange bucks the economic turmoil to deliver a better-than-expected rise in annual profit.

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