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Steel firm opts for Mittal offer
Bosses at steelmaker Arcelor back a merger bid from Mittal - a move which will create a new global steel giant.

Paris wants quick Airbus decision
The French government wants a solution to the management crisis at Airbus' parent firm within days, officials say.

Minister backs Bank of Japan boss
A Japanese minister rejects calls for the Bank of Japan's governor to quit, saying it could hurt the economy.

Group misses Varig cash deadline
A group of workers miss a deadline to deliver an initial $75m deposit to buy ailing Brazilian airline Varig.

Virgin tip-off 'led to BA probe'
A tip from rival Virgin Atlantic led US and UK authorities to examine alleged price-fixing moves by BA, it has emerged.

Yukos objects to Rosneft listing
Yukos says UK regulators must block Rosneft's share listing, claiming that its main oil field was illegally acquired.

US defends money tracking
US officials defend a secret programme to track international money transactions.

US energy firms in $21bn merger
US energy firms, Anadarko Petroleum, Kerr-McGee and Western Gas Resources, are merging in deals worth $21bn.

Iran calls halt to petrol imports
Iran is to stop importing petrol from September and instead start rationing the fuel, says its oil minister.


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