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BP shares rise on rumours of possible asset sales

BP shares have risen sharply on speculation it may have buyers lined up for possible asset sales.

Falkland Oil & Gas shares plunge as well proves empty

Shares in Falkland Oil & Gas (FOGL) have fallen sharply after the company said it would give up on one of its oil wells, not far off the coast of the South Falklands.

Santander buys SEB's German banking operations

Spanish bank Santander has signed an agreement to buy Swedish bank SEB's German business for 555m euros (£466.5m, $699m).

Vatican sees third straight loss

The Vatican has seen its third consecutive financial loss, with a 4.1m euros (£3.4m; $5.2m) deficit in 2009.

US Treasury releases delayed China currency report

The US Treasury has released its much-delayed semi-annual currency report.

Peugeot and Changan Automotive finalise joint venture

French car giant Peugeot Citroen has become the latest major carmaker to team up with Changan Automotive after sealing a deal to build cars in China.

BP to make new attempt to plug Gulf of Mexico oil leak

BP will start replacing the cap over the blown-out oil well in the Gulf of Mexico over the weekend, reports say.

Boeing submits new bid for USAF refuelling contract

Boeing has submitted its fresh bid to supply refuelling aircraft for the US Air Force.

South Korea in surprise interest rate rise

South Korea's central bank has unexpectedly raised interest rates for the first time since the onset of the global financial crisis.

What pay should you expect now?

FORTUNE -- Dear Annie: I read with interest your recent column on pay ("Get your big paycheck back") because I've been talking with a prospective employer about a new job. The position is similar to the one I have now, running a big chunk of North American ...

Stamps may go to 46 cents

NEW YORK (CNNMoney.com) -- Want to send granny a card? It might cost you a bit more next year.

Congress fixes Wall Street - and orders up 68 studies

WASHINGTON (CNNMoney.com) -- In Washington, there's a code phrase for the middle ground that lawmakers find after a torrent of industry lobbying or partisan debate: "Let's do a study."

Stocks: Pursued by a bear

NEW YORK (CNNMoney.com) -- Investors returning from a long holiday weekend better come back well rested, as the weeks ahead bring something of a battle.

IMF raises global economic growth forecast

The International Monetary Fund (IMF) has raised its forecast for global growth this year, from 4.2% to 4.6%.

Market rally spurred by bank stress test hopes

Stock markets, oil prices and the euro have gained ground for a third day, spurred on by hopes that European banks will pass EU stress tests.

German imports and exports rise sharply

German imports have risen at their fastest rate since unification in 1990, outpacing a sharp rise in exports.

UK interest rates maintained at record low of 0.5%

The Bank of England has kept UK interest rates on hold at a record low of 0.5% for the 16th consecutive month.

ECB keeps eurozone interest rates on hold at 1%

The European Central Bank (ECB) has held eurozone interest rates at a record low of 1% for the 14th month running, as expected.

Australian employment rises sharply

Australia's employment level surged by 45,900 in June, a much higher figure than economists had expected.

Vietnam Advised to Improve Industrial Park Services

Vietnam was advised to develop its industrial parks to offer more services to entice more foreign investors to come in.