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Economy BBC

Japan unblocks aid loans to China
Japan's government will release delayed aid loans to China, amid signs of an improvement in relations.

Indian index closes below 10,000
The main Bombay Stock Exchange, the Sensex, closes below the psychologically important 10,000 mark.

World Cup boost for UK retailers
Retail sales rose in May, helped by warmer weather and the approach of the World Cup, a survey says.

US shares tumble on rates jitters
Wall Street stocks close sharply lower amid concerns over future rate rises and jitters over strong oil prices.

Australia in nuclear power review
Australia is to study whether to build a nuclear power industry, after decades of shunning the idea.

Bernanke voices inflation fears
The Federal Reserve chief warns US rates may have to rise to check inflation despite slowing growth.

MPs criticise tax credits again
A committee of MPs says HM Revenue & Customs is ignoring the extent to which its own errors have led to tax credit overpayments.

Oil prices rise on Iran's warning
Oil prices jump above $73 a barrel after Iran hints it may cut its exports if its nuclear row with the West escalates.


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