Business

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Video: Facebook Prices Massive IPO At $38 Per Share

Facebook has announced a price of $38 per share for its record-breaking floatation, valuing the social network at $104bn (£65bn).

Euro Crisis: Sixteen Spanish Banks Downgraded

Sixteen Spanish banks have been downgraded by credit rating agency Moody's, as the country's government intervened to deny reports of a run on troubled lender Bankia.

Video: Blow To Greek Economy As Credit Rating Cut

Greece's stumbling economy has suffered a further blow after the Fitch ratings agency downgraded the country's credit rating to CCC from B-minus.

Video: PM Insists Eurozone Needs 'Decisive Action'

David Cameron has insisted that "decisive action" is needed for eurozone stability on a conference call with fellow European leaders to discuss the Greek crisis.

Video: Cameron Finds Unlikely Economic Bedfellow

It might seem unlikely, but David Cameron has come out in support of the new French socialist president's controversial idea for a euro growth pact.

Greeks Fear The Worst Is Still To Come

Greek creditors are bracing themselves the possibility of heavy losses but it is the Greek people who fear they may be the biggest losers if they default on their debts.

Video: Vauxhall Jobs Secured In Ellesmere Deal

The new Vauxhall Astra is to be built at Ellesmere Port, saving thousands of jobs and creating hundreds more, the company has confirmed.

Coalition Urged To Sort Britain's Housing

The Government is not doing enough to tackle the housing crisis in Britain and must build more new homes, according to a report.

Video: Unemployment Falls For Second Month Running

UK unemployment fell for the second consecutive month in the three months to March to reach 2.63 million, according to official figures.

Pasty Tax Warning As Greggs Sales Fall

Greggs the bakery has blamed a recent fall in sales on Britain's wet weather while warning that the Government's 'pasty tax' could cause store closures and job losses.

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