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22 December 2011 Last updated at 22:47 ET

Obama renews pressure for tax cut

US President Barack Obama and Speaker of the House John Boehner renew their calls for action on a payroll tax deal but refuse to change their positions.


BMI aeroplaneLufthansa sells BMI to BA owner

British Airways owner IAG agrees a binding deal to buy BMI from Lufthansa for £172.5m, but warns the deal could lead to job losses.

Workers in Hubei provinceChina province in major wage rise

Sichuan province in southwest China increases minimum wage by 23%, to try and attract workers amid a rapidly rising cost of living.

Our Experts

Robert Peston Article written by Robert Peston Robert Peston Business editor

ECB's rescue of eurozone banks is temporary Watch

The European Central Bank has provided a temporary sticking plaster not a eurozone cure with its ambitious programme of lending to eurozone banks, which in turn lend to eurozone governments. But at least we may be able to have a Christmas unspoiled by the threat of banking meltdown.

Watch Robert's report

Stephanie Flanders Article written by Stephanie Flanders Stephanie Flanders Economics editor

Reasons to be cheerful - part three

The Office for National Statistics gave us a 0.1% reason to be cheerful on Thursday by revising up our quarterly growth rate by exactly that amount.

Read full article

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    Romania's 'Nokia City' hopes dashed as company moves east

  • Can't pay, won't pay

    Greeks revolt against 'unfair' austerity tax

Market Data

Last Updated at 23:05 ET

Market index Current value Trend Variation % variation
Dow Jones 12169.58 Up 61.84 0.51%
Nasdaq 2599.45 Up 21.48 0.83%
S&P 500 1254.00 Up 10.28 0.83%
FTSE 100 5456.97 Up 67.23 1.25%
Dax 5852.18 Up 60.65 1.05%
BBC Global 30 5631.31 Up 7.34 0.13%

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