17 October 2011 Last updated at 12:22 ET

Shares fall on debt deal warningsMarket traders in Frankfurt

European and US shares trade lower after German officials warn that an EU summit may not deliver a definitive solution to the debt crisis.


Philips TVsPhilips announces 4,500 job cuts

Struggling Dutch lighting and consumer electronics group Philips is to cut 4,500 jobs worldwide, the company announces.

Citi logoCitigroup's profits jump higher

US bank Citigroup's third quarter profit beats forecasts after net income rose 74%, thanks in part to an accounting gain.

Our Experts

Robert Peston Article written by Robert Peston Robert Peston Business editor

Eurozone: Sticking plaster, not cure

Even if European governments agree a bold rescue package for the eurozone next weekend, they will not have sorted the region’s fundamental financial and economic flaws.

Read full article

Stephanie Flanders Article written by Stephanie Flanders Stephanie Flanders Economics editor

Plan B for the UK?

The chancellor has some wiggle room to deal with the economic bad news we've seen in the past week.

Read full article

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Market Data

Last Updated at 13:11 ET

Market index Current value Trend Variation % variation
Dow Jones 11451.72 Down -192.77 -1.66%
Nasdaq 2618.58 Down -49.27 -1.85%
S&P 500 1205.03 Down -19.55 -1.60%
FTSE 100 5436.70 Down -29.66 -0.54%
Dax 5859.43 Down -107.77 -1.81%
BBC Global 30 5540.35 Down -19.47 -0.35%

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