Business

The downturn in the US housing market continued in May, with sales 14% lower than a year earlier, fresh data shows.

Impact spreads
08-07-08 13:45

Slow retailing and costly metals disrupt construction

Fannie Mae and Freddie Mac are hit by a report suggesting they could both have to raise large amount of extra capital.

Peugeot reports rising sales for the first six months of 2008 but warns that they are falling in Western Europe.

UK housebuilder Persimmon says it has shed 1,100 jobs in 2008 as it tries to deal with the housing market downturn.

World leaders are focusing on climate change and the global economy at the second day of a key meeting in Japan.