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7 February 2012 Last updated at 11:24 ET

Glencore-Xstrata in $90bn mergerMiner inside the Mount Isa copper mine in Australia owned by Xstrata

Anglo-Swiss mining group Xstrata unveils a $90bn merger with commodity trader Glencore, a move opposed by some major shareholders.


Greek unions on strikeEuro 'could survive Greece exit'

EU Commissioner Neelie Kroes piles pressure on Greece to agree tough reforms, saying a euro exit would be "no man overboard".

UBS profits down on weak business

Profits at Swiss bank UBS slump by three-quarters and the outlook remains tough as the eurozone crisis saps business.

Our Experts

Robert Peston Article written by Robert Peston Robert Peston Business editor

Glencore and Xstrata: A merger of egos

The £60bn merger of Glencore and Xstrata may be good for shareholders and executives, but will customers of their metals and fuel – especially in China – be delighted? And is it plausible that the entrepreneurial bosses of the two companies would work together in perfect harmony?

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Stephanie Flanders Article written by Stephanie Flanders Stephanie Flanders Economics editor

Central banks: A long way from decoupling

When the financial markets started to perk up in the last few weeks of 2011 it was easy to see what was driving the turnaround: good economic news out of the US, and a shedload of cheap medium-term loans for banks from the European Central Bank.

Read full article

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Last Updated at 11:28 ET

Market index Current value Trend Variation % variation
Dow Jones 12871.39 Up 26.26 0.20%
Nasdaq 2905.93 Up 3.94 0.14%
S&P 500 1345.67 Up 1.34 0.10%
FTSE 100 5885.19 Down -7.01 -0.12%
Dax 6754.66 Down -10.17 -0.15%
BBC Global 30 5900.55 Up 2.76 0.05%

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