Finance

Concerns of a Greek exit from the euro left many benchmarks at multi-month troughs

Part-nationalised lender’s shares placed ‘under auction’ by regulator after it loses more than a quarter of its market value in Madrid

UK is ‘moving in the right direction’, says PM, insisting he will not “blow the budget on more spending” to try to stimulate the economy

Japanese ecommerce group leads $100m investment round in the social scrapbooking site that has been rapidly gaining users in the US

Insurer vows to improve communications with shareholders as part of a strategic review to improve its balance sheet and regain investor confidence

Rating agency suggests 29 ‘global systemically important financial institutions’ face hurdles if they are to meet the tougher Basel III standards

Analysts warn that pace of expansion will soon ease as temporary boosts to consumption and investment from reconstruction and car-buying subsidies fade

Social networking group to sell more shares than originally planned, highlighting huge demand and ranking it near the largest flotations

Jaguar Land Rover continues to ramp up production of Evoque ‘baby Range Rover, at Halewood, which was threatened with closure a decade ago

The bank’s idea for hedging credit risk, which went spectacularly wrong, has become something of an epic tale for hedge fund managers

Spain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures

Unemployment in the UK falls unexpectedly by 45,000 to 2.63m while average earnings growth slowed to 0.6 per cent compared with a year earlier

Prosecutors begin proceedings by promising to link the former Bosnian Serb commander to atrocities committed by his forces in the 1992-95 war

The maker of the A380 was hit by a €158m charge in the first quarter related to problems with the superjumbo’s wings, but raised its 2012 profit guidance

General Motors plans to stop paying for ads on the website in a move that raises questions about the social network’s business model

Barnier’s initiative would hand bank shareholders voting power to curb ‘morally indefensible’ pay and limit the gap between the lowest and highest paid

The Justice Department has opened a preliminary investigation into the $2bn in trading losses suffered by JPMorgan Chase

CFO forum to debate limiting data available to big three raters in wake of behaviour in crisis, putting potential new rivals on an level playing field

Leaders of five of the country’s political parties fail to agree on a technocratic government, adding to fears of a eurozone exit

Former News International chief charged by the Crown Prosecution Service with three counts of conspiracy to pervert the course of justice