BUSINESS

US court ruling leaves room for appeals to Supreme Court in fight to claw back $30bn.

Russian state-owned oil firm Rosneft will supply 365m tonnes of oil to China over 25 years.

Pre-tax loss increases to £40.7m from £6.2m last year, as Flybe goes ahead with its restructuring.

EU finance ministers are in Luxembourg to discuss how and when Europe's bailout fund can rescue troubled banks.

Japan's banking giant pays quarter of a billion dollars for deleting information from $100bn in wire transfers relating to US sanctioned Iran

William Hill slashes baby name odds for Mary after man in top hat and tails places bet on way home from Royal Ascot.

Finance ministers to forge new rules on who should pay for bank bailouts - big savers or the ordinary taxpayer.

People's Bank of China asks state-owned banks to restart fund supplies to ease liquidity crunch.

3% drop is FTSE 100's biggest one-day fall in two years as investors fear QE tap to be turned off in US.

As Tictail, the e-commerce platform, launches in the UK, IBTimes UK catches up with CEO Carl Waldekranz.

But low interest rates have boosted the mortgage market and the country is now staring at an overheating property market.

BC partners has agreed to buy German academic publisher Springer Science and Business Media from EQT and Government of Singapore Investment Corp. (GIC).

Italy is battling recession on a war footing and will invest €3bn on public infrastructure in 2013, creating 30,000 temporary jobs.

The European Commission has given France and Britain two months to respond to a request to lower charges for passenger and freight trains to use the Channel Tunnel, or face possible court action, the Commission said on Thursday (June 20).

The Markit flash manufacturing PMI rose to a 16-month high at 48.7 from 48.3 in May.

ONS reports retail sales rise to £6.8bn a week in another positive indicator for ailing UK economy.

Bank of England regulators say five banks - RBS, Lloyds, Barclays, Co-operative Bank and Nationwide - have capital shortfalls.

Ryanair, Europe's biggest low rate aircraft ordered for 175 Boeing 737-800 aircrafts at the Paris Air Show

The Fed could begin pruning its asset buys, from $85bn to $70bn a month, this September.

Britain is considering a break up the Royal Bank of Scotland's good and bad businesses and re-privatising Lloyds Bank, as Chancellor finds the economy has emerged from "intensive care".

The Fed could begin tapering its bond buys, from $85billion to $70billion a month, this September.

HSBC Manufacturing PMI declines to 48.3 in June from 49.2 in May.

Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland.

IBTimes UK's mole in London's financial district mulls plan to curb bankers' excesses.

Second quarter profit dips 11%. But third quarter gets off to a good start.

Prime Minister David Cameron tells parliament BT's Ian Livingston will replace ex-HSBC chairman Stephen Green as trade minister.

Airbus secured an order for 25 A350-900 aircraft from Franco-Dutch carrier Air France-KLM.

IMF praises Spain for improving economy but warns of risk factors threatening to unravel progress

Berkeley's stock was trading 3.38% higher at 11:14 am in London.