UBS China dealmaker quits

Investment banker Henry Cai resigns in move that will test Swiss bank’s resilience in the region Read the full story on the Financial Times

KNOC makes bid approach for Dana

South Korea’s national oil company is exploring a £1.5bn takeover offer for the UK-listed oil explorer Read the full story on the Financial Times

Chalco drops $2.4bn Australia bauxite plan

The world’s second-largest aluminium producer has pulled out of a US$2.4bn deal to develop a bauxite refinery in Australia, blaming a drop in aluminium prices and difficult global conditions Read the full story on the Financial Times

European countries rethink Airbus loans

Governments are ready to change the terms of launch aid for Airbus’s next-generation passenger jet but will not abandon their reimbursable loan plans Read the full story on the Financial Times

Apple targets on-demand film market

The group’s iTunes store, which sells movies to buy or rent electronically, has grown faster than video-on-demand services operated by Comcast and Time Warner Cable Read the full story on the Financial Times

Fannie and Freddie are Wall Street’s top customers

The mortgage financiers seized by the US government during the financial crisis have paid $635m in fees to banks this year, making them Wall Street’s biggest capital markets customers in the first half of 2010, according to recent analysis Read the full story on the Financial Times

Greenback suffers as buyers back yen

The yen is at its highest level against the dollar so far this year as worries about the health of the global economy boost haven demand for the Japanese currency Read the full story on the Financial Times

Toyota to recall 270,000 Lexus cars

The carmaker is to recall the luxury cars after it discovered that a key component in their engines was susceptible to cracking, a problem the company says could cause the vehicles to stall Read the full story on the Financial Times

US stocks fall on poor economic data

Disappointing economic data that fuelled concerns about the strength of the economic recovery sent US stocks lower, but some ground was recovered in the last second half of the trading day Read the full story on the Financial Times

Growth gloom grows at start of third quarter

Global Markets Overview: Bourses slump after confirmation that China’s manufacturing growth is slowing and US data disappoints Read the full story on the Financial Times

Eurozone banks fall on solvency concerns

Financial stocks lead the region’s losses after small group of banks demands more than €100bn in short-term funding Read the full story on the Financial Times

Tate & Lyle one of a handful of gainers on sugar sell-off

Riskier banking and mining stocks take up their familiar position at the bottom of the market as the second half of the year starts with broad-based losses Read the full story on the Financial Times

Growth gloom grows at start of third quarter

Global Markets Overview: Bourses slump after confirmation that China’s manufacturing growth is slowing and US data disappoints Read the full story on the Financial Times

AgBank attracts $50bn in Hong Kong bids

The high level of institutional demand means that Agricultural Bank remains on track to raise as much as $23bn in what could be the world’s biggest initial public offering Read the full story on the Financial Times

US stocks fall on poor economic data

A flurry of disappointing economic data sends US stocks lower, fuelling concerns that the economic recovery is losing steam Read the full story on the Financial Times

Greenback suffers as buyers back yen

The yen is at its highest level against the dollar so far this year as worries about the health of the global economy boost haven demand for the Japanese currency Read the full story on the Financial Times

Fortis in $3.1bn bid for Parkway

India’s Fortis Healthcare offers to acquire Asia’s largest regional hospital chain, trumping a previous bid by Malaysia’s state investment company for Singapore-listed group Read the full story on the Financial Times

Chalco drops $2.4bn Australia bauxite plan

The world’s second-largest aluminium producer has pulled out of a US$2.4bn deal to develop a bauxite refinery in Australia, blaming a drop in aluminium prices and difficult global conditions Read the full story on the Financial Times

FTSE 100 sell-off continues into second half of the year

Riskier banking and mining stocks take up their familiar position at the bottom of the market as the second half of the year starts with broad-based losses Read the full story on the Financial Times

Growth gloom grows at start of third quarter

Global Markets Overview: European bourses opened lower after confirmation that China’s manufacturing growth is slowing and Moody’s warning of a possible downgrade for Spain Read the full story on the Financial Times

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