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Oil climbs on UK pipeline fears
Oil prices approach record levels as a planned UK refinery strike threatens production in the North Sea region. Retailers in tobacco price probe
Supermarkets and cigarette firms have been engaged in unlawful practices linked to retail prices, the OFT alleges. UK economic growth still slowing
The UK economy grew 0.4% in the first three months of the year, its weakest quarterly growth in three years. US to send out $100bn in rebates
The US government is to send consumers cheques totalling more than $100bn (£50bn), ahead of schedule. Microsoft sees slide in profits
Microsoft sees third quarter profits decline, hit by lower demand, but the results beat forecasts. Wheat prices fall from peak
The price of wheat falls 40% from its February peak, easing some concerns about soaring global food prices. Strong demand for mobile phones
Global demand for mobile phones remain strong, despite high food prices and the credit crisis, figures show. Mortgage charges are still rising
The credit crunch leads some big mortgage lenders to announce another round of price rises for new deals. Spain jobless at three-year peak
Spain''s unemployment rate rises to 9.6% in the first three months of 2008, the second highest rate in the EU. Nomura reports sub-prime losses
Nomura becomes the latest bank to announce big losses linked to the value of US mortgage-backed securities. Court orders to secure loans rise
The number of orders made by banks to secure loans against borrowers'' properties has surged. Air China soars on travel boom
Air China reports a 147% rise in three-month profit helped by a travel boom and the strengthening yuan. Mobile sales help Samsung profits
Samsung Electronics says quarterly profits jumped 37% helped by strong sales of mobiles and flat-screen TVs. Argentina''s economy chief quits
Argentina''s economy minister resigns after less than five months in the job in the wake of a bitter farmers'' strike. Pendragon ''upbeat'' on car sales
UK car dealer Pendragon says it expects full-year results to come in at the upper end of expectations.
