Business headlines
OBAMA: EU 'MUST FOCUS ON GROWTH'
US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery.
BALLS WARNS OF CUTS 'CATASTROPHE'
Labour's Ed Balls warns the world economy faces a "catastrophe" unless Germany abandons pressure on eurozone countries to cut public spending.
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%.
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.
MERKEL 'SUGGESTS GREEK EURO VOTE'
Greek officials say Germany's Chancellor Merkel has suggested a euro referendum, but Berlin denies the report.
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.
