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World Finanacial News

More backing for Rio cash-raising
A Rio Tinto rights issue sees strong take-up from existing holders of its Australian-listed shares - after similar UK success.
BA to cut spending by one fifth
British Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers.
Making sense of the recession: latest news, analysis and how the crisis affec...
Eurozone retail sales post fall
Retail sales in the eurozone fell more than expected in May, a further sign of the slowing economy, data shows.
Europe nears gas pipeline accord
Five European governments are due to sign an agreement on 13 July for a major new pipeline from Central Asia.