The oil spill in the Gulf of Mexico continued to shake BP. The firm announced that its unpopular chief executive Tony Hayward would step down on October 1st. Robert Dudley, its American executive director, will replace him. BP reported a loss of $17 bill… more »

Greece raised €1.6 billion ($2 billion) in six-month treasury bills, its first auction since a bail-out in May. It will pay a 4.65% yield and the sale was oversubscribed. The national debt-management agency was forced to drop plans to auction one-year pa… more »

Stockmarkets had another rocky week amid more concern over sovereign debt in Europe. Remarks by an official in Hungary that the country might default on its debt alarmed investors before the government distanced itself from the comments. The Hungarian pr… more »

The cost of insuring BP’s debt shot up and its share price swooned after the failure of the energy company’s latest attempts to seal a pipeline that is gushing oil deep underwater in the Gulf of Mexico. BP’s share price has plummeted by 34% since April 2… more »

The crisis surrounding Greece's debt situation gathered pace, despite the prime minister's assurance that "the worst is over". The yield on ten-year Greek government bonds jumped sharply, pushing Greece's premium over German bonds to the highest level si… more »

British Airways said that the first in a series of strikes by cabin crew had cost it a less-than-expected £21m ($31m) over three days and that three-fifths of staff had turned up for work. The employees’ union disagreed with the figures. The airline canc… more »