ECONOMY

China and Brazil signed a series of economic and trade ties at the sidelines of Rio+20 sustainable development summit.

Market participants are still anticipating the final details on Spain's bailout amount and conditions, after independent auditors Roland Berger and Oliver Wyman say the country's banks need up to €62bn

Investors executed a lukewarm reception to Moody's slashing the ratings and some outlooks for 10 UK and European banks.

Bank downgrades come amid global review by Moody's as IMF says European crisis enters 'critical stage'.

Banks responded strongly to Moody's analysis, saying the ratings are backward looking.

Rating's agency Moody's has downgraded 15 of the world's top banks, including three British banks, Barclays, RBS and HSBC. Lloyds also had its ratings cut by Moody's in a separate announcement.

S&P says Spain's €100bn bank deal with the EU should see it through to the end of 2013

Reports suggest ratings firm could downgrade UK banks as part of review of global capital markets firms

Ratings agency says Brazil's diversification and growing domestic market are helping it mitigate the impact from Eurozone sovereign debt contagion

Vince Cable, derided as anti-business business secretary, may finally appease critics by announcing plans to give shareholders binding vote on executive pay.

Moody's hailed Brazil for having a positive outlook and high economic strength because its large and growing domestic market and high degree of diversification.

Lawyers say that as US, UK and European regulators battle to tighten derivatives supervision and rules and prevent a repeat of JP Morgan's 'London Whale' loss, could push businesses to Asia

UK retail sales in May beat analyst expectations as the approaching Jubilee celebrations helped boost consumer spending.

Fed's $267bn "Operation Twist" disappoints as PMI data in China and Europe underscore global economic slowdown

Us Brits have been buying more food and booze lately, and it's all The Queen's fault. Yes the Diamond Jubilee effect and the mini-heatwave has seen UK retail sales jump up by 1.4% last month, smashing expectations.

Britain's parliamentary treasury select committee charges the UK regulator with the task to look into HSBC, Lloyds, RBS and Barclays over apparent cases of mis-selling derivatives.

Australia local offers to buy the troubled Eurozone out of debt through a crowdfunding campaign

With the Bank of England monetary policy committee narrowly voting against more quantitative easing, analysts expect another cash injection soon.

Mounting concerns over eurozone sovereign debt crisis and slowdown in China's growth dampening business outlooks for some of Asia's largest companies.

Latest minutes from the Bank of England's monetary policy committee reveal a close split on whether to inject more quantitative easing into the UK economy.

'All necessary policy measures' pledged to fight debt crisis as European leaders depart G20.

Office of the Comptroller of the Currency Thomas Curry says the $2bn loss will not create a solvency issue for JP Morgan at the bank's CEO Jamie Dimon second testimony.

The full audit of Spanish banks being delayed until September raises fears that Spain will need more than its originally agreed IMF €100bn bailout.

Ratings agency Moody's report on the triple-A rated Asian tiger highlights resilience of Singapore's economy

The investment bank is looking to settle out-of-court after nuns and other investors sued the bank over a hybrid bond sale

Moody’s has revealed a key beacon for growth in Asia, according to its latest report.

UK inflation has fallen again, giving the Bank of England more to think about in its quantitative easing programme as Britain wallows in recession

World’s largest yoghurt maker warns of operating profit margin decline on Spain market deterioration

Spain €3bn short-term debt sale hits 5 percent yield as German investor sentiment falls the most since 1998