Obama hails companies’ pay cuts

Barack Obama welcomes plans to force some firms which accepted government bailouts to cut executive pay.

EU warns Oracle over Sun takeover

Oracle has failed to produce evidence to ease concerns that its purchase of Sun would be anti-competitive, the EU says.

Argentine farmers resume strikes

Argentine farmers resume strikes as part of a bitter dispute with the government over taxes on soya bean exports.

China signs deal to sell iPhones

Mobile operator China Unicom signs a deal with Apple to launch the iPhone into the world's largest mobile phone market.

Finance chiefs urge bank reform

Finance ministers from wealthy and developing nations have called for an urgent reform of banking systems.