The Conservatives will join Labour and the Liberal Democrats in urging News Corporation to withdraw its bid for BSkyB.

Marks and Spencer reports higher market share in food and clothes, as poor trading conditions see non-food sales stagnate.

The International Monetary Fund asks Italy to ensure "decisive implementation" of spending cuts to reduce the nation's debt.

Brazil's Abilio Diniz suspends plans to merge his supermarket chain Grupo Pao de Acucar with the local arm of France's Carrefour.

Shares of Chinese car and battery maker BYD fall at the Hong Kong and Shenzen stock exchanges after a profit warning.

China's economy slows further in the second quarter after the government steps up its battle against inflation.

News Corp announces plans to buy back $5bn (3.2bn) of its shares as it attempts to contain the phone-hacking scandal.

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Ratings agency Moody's cuts the Irish Republic's debt rating to junk status saying the country is likely to need further official funding.

News Corporation boss Rupert Murdoch may appear before MPs next week over the phone hacking scandal - a senior MP has claimed.