Chrysler approaches key deadline

Restructuring efforts continue as Chrysler is just hours away from a deadline that could force it to file for bankruptcy protection.

Societe Generale chairman resigns

Societe Generale's chairman Daniel Bouton resigns, saying the personal attacks against him risked "harming the bank".

Flu continues to weigh on markets

Global shares fall further in Tuesday trading as the swine flu outbreak continues to weigh on global markets.

Airline shares hit by flu fears

Global stock markets fall, with airlines leading the declines on fears over the economic impact of the swine flu outbreak.

IMF head urges speedy bank reform

The managing director of the International Monetary Fund says the West must act more quickly to reform its banking systems.

Credit Suisse returns to profit

Credit Suisse returns to profit for the January to March period, following a recovery by its investment banking division.

Japan reports rare trade deficit

Japan reports its first annual trade deficit in 28 years, following a sharp drop in exports amid the global economic downturn.

Bail-out 'risk' for US taxpayers

A watchdog monitoring the US's $700bn bail-out plan for banks says aspects could be "unfair" to taxpayers.

Motor show gears up in Shanghai

The Shanghai motor show gets under way in China, the only major car market in the world that is expanding.

Sony Ericsson to cut 2,000 jobs

Mobile phone maker Sony Ericsson announces new job losses as it reveals a 358m-euro loss for the first quarter of 2009.

Weak exports hit China's growth

Growth of China's GDP slowed to 6.1% in the first quarter of 2009, the weakest since 1992, after exports fell for a fifth month.

Swiss bank UBS to cut 8,700 jobs

Switzerland's biggest bank says it will axe 8,700 jobs after making a £1.75bn loss in the first quarter of the year.

Satyam announces winning bidder

Satyam, the fraud-hit Indian IT firm, says local company Tech Mahindra is to buy a controlling stake in it.

Japan PM unveils $150bn stimulus

Japan has unveiled its record $150bn (£105bn) stimulus package as it seeks to revive its economy.

German government in Hypo offer

The German government launches a takeover offer for troubled lender Hypo Real Estate but some investors are not keen to sell.

US banker sees 10% jobless rate

A US central banker says the US economy faces a "tough road" and predicts unemployment could rise above 10% this year .

Stanford: 'Clients lost no money'

Sir Allen Stanford insists no money was lost by customers of his companies which are now at the centre of $8bn fraud charges.

US 'may remove bank executives'

US Treasury Secretary Timothy Geithner says he is prepared to oust executives at banks needing "exceptional" government help.

OECD names and shames tax havens

Costa Rica, Malaysia, the Philippines and Uruguay are on the OECD's blacklist of non-cooperative tax havens.

Global leaders begin G20 summit

World leaders will strive for a deal on how to confront the worst global financial crisis since the 1930s at the G20 summit

Obama calls for G20 global action

US President Barack Obama stresses the "sense of urgency" needed to confront the global economic crisis.