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Business News

UN calls special food price talks
The United Nations' food agency calls a special meeting of policy makers to discuss the recent rise in global food prices.

HSBC threatens to quit London HQ
HSBC may quit its London headquarters if the UK government decides to break up big banks, a senior executive says.

UK builders and services falter
New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August.

BP says oil spill cost up to $8bn
BP says the cost of its Gulf of Mexico oil spill has risen to $8bn - a rise of more than $2bn in the last month alone.

'Big drop' in alcohol consumption
Alcohol consumption has fallen faster than ever, figures from the British Beer and Pub Association suggest.

Europe agrees finance watchdogs
The European Union agrees to reform financial supervision, with new agencies to oversee banks, insurers and financial markets.

Chinese consider rival Potash bid
Chinese investors approach Canadian pension fund over a possible rival bid for the fertiliser giant Potash Corporation.

Andean gold in $3bn bidding war
Rival Canadian gold mining companies, Goldcorp and El Dorado, lock horns in a $3bn fight to buy up Andean Resources.

Burger King is sold for $3.26bn
Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced.

Explosion on Gulf of Mexico rig
An explosion rips through an offshore oil rig in the Gulf of Mexico, west of the site of the blast in April that caused a huge oil spill.

Russia extends grain export ban
Russia will consider lifting its grain export ban only after the next year's harvest has been reaped, Vladimir Putin says.

German banker 'should be fired'
The German central bank calls on the country's president to dismiss one of its board members over comments he made about immigration and Jews.

Dell pulls out of battle for 3Par
Dell withdraws its bid for 3Par after rival Hewlett-Packard raises its offer for the data storage company to $2.1bn.

Tube strikes on as talks collapse
Thousands of Tube workers will strike next week as talks between London Underground bosses and two unions break down.

Royal Mail puts first 'intelligent' stamp on sale
The Royal Mail launches the world's first "intelligent" stamp, the first to work with image recognition technology.