May 15, 2012
- The European Union agrees strict new rules for banks, intended to make them safer and eliminate the need for future bailouts.
- Debt-stricken Greece is set to go to the polls again after parties failed to agree on a new government, says Socialist leader Evangelos Venizelos.
- The head of JPMorgan Chase, the biggest US bank, is backed by shareholders days after it revealed a $2bn (£1.2bn) trading blunder.
- Greece agrees to pay off some of the investors who rejected its bond swap earlier this year.
- Broadcasting group Channel 4 saw profits increase in 2011, despite a downturn in advertising and a loss of £42m at its flagship terrestrial channel.
- The government terminates a contract with welfare-to-work company A4e after deciding that continuing would be "too great a risk".
- The eurozone avoids returning to recession after recording zero economic growth in the first three months of the year, figures show.
- US retail sales barely grew in April, rising 0.1% compared with a gain of 0.7% the month before, while consumer prices stayed unchanged.
- The eurozone has narrowly avoided returning to recession after recording zero growth in the first three months of the year, figures have shown.
- Facebook raises the price range at which it hopes to sell shares to between $34 and $38, potentially putting its total value above $100bn.