London Housing Average Asking Prices Breach £500,000 Level for First Time
Rightmove data shows asking price for property outside capital rises just 2.1% to £249,841.
European Union Accuses China's Huawei and ZTE of Violating Trade Policies
The EU is planning to launch a formal investigation against Huawei and ZTE.
Tumblr May Reject Yahoo's $1.1bn Bid in Hopes for Better Deals
Tumblr feels the offer as "too low" and views it as "only a first offer".
European Car Sales Rise in April on Strong British Demand
Car sales in the UK improved 14.8% in April.
Morrisons to Launch E-Commerce Site Under Partnership with Ocado
The deal involves technology and services arrangement and a sale of property at Dordon.
Islamic Finance: BLME Targets 15% Asset Growth in 2013
Rising Islamic finance activity in the Gulf prompts the UK's largest standalone Islamic bank to open Dubai office
Japan's ANA Reports Minor Glitch on Modified Dreamliner
ANA reports overheating of electric distribution panel during 787 test flight.
Dell Profits Plunge on Lower PC Sales
Net profit declines 79% to $130m amid investors' battle to takeover the company.
Eurozone Posts Record Trade Surplus on Higher Exports [VIDEO]
Consumer inflation in the region drops to three-year low.
Dixons Sales Rise on Comet's Demise
Like-for-like sales rise 13% in the UK & Ireland in the fourth quarter ended in 30 April.
India and China Continue to Push Gold Demand Higher- World Gold Council
Total gold demand declines13% in the quarter due to a massive liquidation of exchange traded funds.
City of London Finance Jobs Fall in April as Firms Stall Hiring
City finance jobs decline to 5,922 in April from 7,661 in the same month, a year ago
Japan Grows More Than Expected on Stimulus Impact
The economy expands an annualised 3.5% in the first quarter, above analysts' expectations for a 2.7% rise.
ThyssenKrupp to Slash 3,000 Jobs as Writedown Loss Widens
Quarterly results suffer from €683m writedown of steel plants in US and Brazil
Italy's Monte Paschi Posts Fourth Straight Loss on Lower Lending Income
The bailed-out Italian bank reports a loss of €100.7m, its fourth consecutive quarterly loss.
France Slips into Recession as Austerity Dents Growth [VIDEO]
France contracts 0.2% in the first quarter due to ongoing austerity measures.
Shell, BP and Statoil Raided over Alleged Oil Price Rigging
European Commission suspects manipulation of published prices for oil and biofuel products and swoops on head offices.
Eurozone Industrial Production in March Exceeds Estimates [VIDEO]
Eurozone industrial production rises 1% in March as against analysts' estimates of 0.5% growth.
Airbus Parent EADS Profit Surges on Strong Deliveries
Net income for the first quarter rises by 91% to €241m boosted by higher Airbus revenues.
UK Housing Demand Rises on Help-to-Buy Scheme
Supply not keeping pace with demand inflating house prices, according to RICS.
Asian Markets Weekly Report: Nikkei Surges on Yen's Continued Weakness
Nikkei gains 3% in the last four days of the week on robust employment report from the US.
BT Shares Surge on Strong Full-Year Results
Lower costs and expenses help company's performance despite a 5% decline in revenues.
IAG Posts Bigger Loss on Iberia Restructuring
First-quarter operating loss rises to €278m from €249m a year ago.
Carl Icahn and Southeastern Propose Rival Bid for Dell
Icahn and Southeastern, who were opposing the $24.4bn deal for Dell, come up alternative offer.
US Dollar Rises Above 100-Yen Mark as 'Abenomics' Reap Early Rewards
Dollar rises to highest level in more than four years.
UK Industrial Production Rises on Higher Energy Demand
Industrial production rises 0.7% on month in March, following a revised 0.9% increase in February.
Sony Swings to Profit First Time in 5 Years on Healthier Sales and Weak Yen
Yearly net profit rises to 43bn yen, compared with a loss of 456.7bn yen a year earlier.
Australia Jobless Rate Eases in April Despite Economic Slowdown
Unemployment rate declines to 5.5% in April from 5.6% in March.
South Korea Cuts Interest Rates Amid Mounting Growth Concerns
The interest rate cut along with supplementary budget is expected to help accelerate economic recovery.
China April Inflation Accelarates on Higher Food Costs
Food prices rise 4% on an annual basis in April as bad weather and lower rainfall lowered vegetable supplies.
