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Arcelor cancels buyback meeting
Steel company Arcelor calls off a meeting where shareholders were due to vote on a share buyback plan.

World oil demand 'to rise by 37%'
World oil demand will increase 37% by 2030 as transport needs rise, says the Energy Information Administration.

EU and US join up to fight fakes
The EU and the US launch a joint programme to stop the spread of counterfeit goods such as bags and medicines.

Lego to cut jobs and shift plants
Toy firm Lego will shift a large part of its domestic production abroad, cutting its workforce by as many as 1,200 jobs.

Dry spell helps US house building
The number of new homes being built in the US grew by 5% in May after three months of declines, figures show.

Deutsche adjusts Euronext offer
Deutsche Boerse makes extra concessions in a bid to win support for its merger with the pan-European Euronext.

Woes continue at embattled EADS
The French financial regulator is at Airbus HQ in Toulouse, adding to the troubles at its parent group EADS.

Deutsche Boerse eyes Italy
Deutsche Boerse hopes that if its merger with Euronext succeeds, Borsa Italiana will join as a partner.

UK budget deficit hits new record
The UK posts a record budget deficit in May, driven by higher government spending and lower corporate receipts.


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