French President Nicolas Sarkozy and German Chancellor Angela Merkel say they will push for a tougher EU treaty to cope with the eurozone debt crisis.
Oil price back up on Iran fears
Improvements in the global economy and tensions in Iran, the world's fourth-largest oil producer, push up the price of oil.
The divide between the wages of the rich and the poor is growing in nearly all of the world's leading economies, according to think tank the OECD.
Article written by Robert Peston
Robert Peston
Business editor
46 minutes ago
Germany has dropped its demand that in any future bailouts of governments with excessive debts, there should be losses imposed on private-sector creditors - which more than anything else explains why holders of Italian bonds are feeling a little less anxious this evening.
Article written by Stephanie Flanders
Stephanie Flanders
Economics editor
13:53 UK time, Friday, 2 December 2011
The big players in the eurozone crisis have spoken - what have we learned?
Ranbaxy gets US Lipitor approval
India's Ranbaxy wins an approval from authorities to sell its version of the world's best selling drug, Lipitor, in the US.
Markets welcome Italy austerity
Italy's implied cost of borrowing in financial markets falls after new Prime Minister Mario Monti unveils his austerity plans.
Europe crisis 'threatens Africa'
The crisis in Europe is damaging African economies, according to the South African and Nigerian finance ministers.
Ex-Olympus boss leaves firm board
Ex-Olympus chief Michael Woodford resigns from the company's board to launch a campaign to oust the other board members.
Havelange resigns from IOC post
Former Fifa president Joao Havelange resigns from International Olympic Committee days before ethics hearing.
Fancy building your own social network?
You may not prove to be a threat to Facebook founder Mark Zuckerberg - but you too can build your own social network
Asset firm shrugs off market woes
Investment firm Aberdeen Asset Management sees clients pull out money from the company but still reports a rise in profits.
HSBC's £40m bill for mis-selling
HSBC is fined a record £10.5m by the City watchdog and will pay £29.3m compensation for mis-selling investment bonds to elderly people in care.
Sarkozy and Merkel meet on euro 02:03
Asian banks 'can withstand crisis'02:31
Service sector drop boosts euro fears02:42
Tour operator Tui reports profit01:39
Ireland to raise VAT to 23%01:18
UAE cashes in on national day02:53
New Italy austerity plans agreed 01:52
'Blood diamond' trade curbs 'failing'02:36
The roaming rich
Why high-fliers increasingly live and work abroad
Solar Sahara
Can desert sun provide Europe with clean energy?
Hungry for more
Brazil defiant as it diversifies
Change of course
China is like an oil tanker - it takes a lot to shift the economy
We've seen the movie, but who is the real Mark Zuckerberg?
Adapting is the key to India's success
Brazil looks for legacy beyond 2014 World Cup
Last Updated at 12:57 ET
| Market index | Current value | Trend | Variation | % variation |
|---|---|---|---|---|
| Dow Jones | 12163.45 | Up | 144.03 | 1.20% |
| Nasdaq | 2669.94 | Up | 43.01 | 1.64% |
| S&P 500 | 1265.84 | Up | 21.56 | 1.73% |
| FTSE 100 | 5567.96 | Up | 15.67 | 0.28% |
| Dax | 6106.09 | Up | 25.41 | 0.42% |
| BBC Global 30 | 5628.29 | Up | 45.93 | 0.82% |
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Global economy: news and analysis