Markets

Greece facing 'dramatic dilemma' Officials in Greece are under pressure to reach agreement on more austerity measures, as the threat of a default hangs over the country and protestors take to the streets.

Glencore, Xstrata tie-up would create $90 billion giant In a huge consolidation of the international mining industry, Swiss company Glencore International has agreed to acquire rival Xstrata for $61.9 billion in stock, according to a joint statement.

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FTSE 100 – UK MARKET

DOW JONES – US MARKET

AORD – AUSTRALIAN MARKET

NASDAQ – US MARKET

EURO STOXX 50 – EUROPEAN MARKET

DAX 30 – GERMAN MARKET

Lloyds to axe 1000 more jobs Lloyds Banking Group is cutting almost 1,000 jobs.Related StoriesBarclays boss 'could get £10 million bonus'Past Times goes into administrationPeacock Group plans for administrationGloomy outlook as unemployment increases againUK heading back into recession

BP hikes dividend as profits rise BP has raised its payout for shareholders for the first time since the oil spill in the Gulf of Mexico.

Labour urges more action on bonuses Labour is to warn that bumper bonuses for bankers are damaging the economy and wider society.Related StoriesStephen Hester drops £1m RBS bonus: Ed Miliband reactsRelated StoriesBarclays boss 'could get £10 million bonus'RBS chief waives £1.4 million shares bonusCalls to curb executive payNetwork Rail bosses forego bonuses

Network Rail bosses forego bonuses The boss of Network Rail and other directors have decided to give up their bonuses and allocate the money to safety improvements instead.Related StoriesBonus for RBS boss causes outrageStephen Hester drops £1m RBS bonus: Ed Miliband reactsRelated StoriesBarclays boss 'could get £10 million bonus'RBS chief waives £1.4 million shares bonusCalls to curb executive payLabour urges more action on bonuses

Tory MPs rebel over wind farms More than 100 Conservative MPs have written to Prime Minister David Cameron demanding a dramatic cut in subsidies for wind farms.Related StoriesDavid Cameron and Ed Miliband agree on Scotland at PMQsDavid Cameron defends European stanceEd Miliband mocks David Cameron over EuropeDavid Cameron and Ed Miliband hurl insults at PMQsLabour leader Ed Miliband calls for 'fairness'Related StoriesRBS to cut 3,500 jobsUK 'back in recession'Past Times goes into administrationPeacock Group plans for administrationFacebook in massive stock flotation

China: Fast food nation. Too fast economy? Is China's economy heading for a hard or soft landing? Well, it looks like Chinese consumers can't get enough of Diet Coke and the Colonel's famous secret recipe. That may be good news.

Greece facing 'dramatic dilemma' Officials in Greece are under pressure to reach agreement on more austerity measures, as the threat of a default hangs over the country and protestors take to the streets.

Stocks end higher U.S. stocks moved higher Tuesday, erasing earlier losses, on hopes that Greece is nearing a deal to secure more bailout money.

Charity on the campaign trail President Barack Obama and Oval Office hopefuls Newt Gingrich and Mitt Romney have all released at least one year of tax returns. And they all gave big money to charity.

Glencore, Xstrata tie-up would create $90 billion giant In a huge consolidation of the international mining industry, Swiss company Glencore International has agreed to acquire rival Xstrata for $61.9 billion in stock, according to a joint statement.