Singapore punishes 20 banks in rate review
Monetary Authority of Singapore says 133 traders have tried to inappropriately influence borrowing and currency rates.
16 June 2013
Debt-defaulting Detroit on bankruptcy's brink
Emergency manager warns of "financial ruin" as US city, estimated to be $18.5bn in debt, defaults on some payments.
15 June 2013
IMF criticises US spending cuts
Fund warns country still faces downside risks to its recovery and urges Congress to severe 'sequester' budget cuts.
15 June 2013
New Airbus comes through first test flight
Successful test flight, with two British and French former fighter pilots, caps eight years of development worth $15bn.
14 June 2013