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Economy BBC

Paulson is new US treasury chief
Henry "Hank" Paulson, chairman of Goldman Sachs, has been nominated as the new US treasury secretary.

Global sell-off hits share prices
World share prices fall sharply again, this time due to concerns over surging oil prices, rising interest rates and jittery US consumers.

Fuel hits US consumer confidence
US consumer confidence fell sharply in May, a survey says, driven by concerns about the sharply-rising price of fuel.

Germany set for robust recovery
The German economy, Europe's largest, is due to enter a period of robust recovery, the OECD says.

Production and jobs boost Japan
Japan's economy continued its recovery in April with industrial production rising, figures show.

Opec set to steady oil production
Oil group Opec is not expected to change its output quotas at a meeting this week, despite calls for a cut.

EU strikes deal on service sector
EU ministers agree a draft deal on tearing down barriers to cross-border provision of services.

Indonesia to repay IMF debts
Indonesia says it will repay all of its $7.87bn (£4.2bn) debt to the International Monetary Fund by next year.


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