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Tata Steel writes down value of European assets

India's Tata Steel, one of the world's biggest steelmakers, has announced a $1.6bn (£1bn; 1.34bn euros) writedown on the value of its European assets.

 

US retail sales inch up in April

US retail sales rose unexpectedly in April, after falling back in the previous month.

   

Osborne: G7 agree to target tax evasion and avoidance

The G7 group of industrialised nations have agreed that there must be collective action against tax evasion and avoidance, the UK's finance minister has said.

   

European stocks mixed, Frankfurt sets new record

Europe's main stock markets were mixed but Frankfurt set yet another record on Thursday while the euro eased against the dollar as traders digested the Bank of England's keeping its main int [ … ]

   

Slovenia unveils reforms as it seeks to avoid EU bailout

The government of Slovenia has announced a package of measures it hopes will help avoid an EU bailout.

   

G7 finance ministers to discuss banking reforms

Finance ministers from the G7 group of industrialised nations are set to begin a two-day meeting on Friday.

   

Yen dips below 100 threshold against US dollar

jyen

The Japanese currency has dipped below the 100 yen mark against the US dollar for the first time since April 2009.

   

Asia-Pacific kickstarts first talks in bid to create trade super bloc

Sixteen Asia-Pacific nations including Japan and China held the first round of negotiations yesterday toward the creation of one of the world's largest free trade blocs.

   

Sony reports first annual profit in five years

Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales.

   

Bank accounts will be 'open to all' in EU

European residents will have the right to open a basic bank account in any country of the EU and compare the fees charged by providers, under new plans.

   

WTO names Roberto Azevedo as new head

A Brazilian trade diplomat has been named as the next head of the World Trade Organisation (WTO).

   

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