Morgan Stanley has been forced to renegotiate the terms of a planned $9bn cash injection from Japan's Mitsubishi UFG, following the steep fall in the price of its shares since the deal was announced last month

CNN has chosen Abu Dhabi as the site of a new broadcast facility to match its international hubs in London, Hong Kong and Mexico City, as the network seeks to cut its reliance on other news organisations

Berlin has endorsed a bill to restore liquidity and inject up to ?470bn in capital into the country's ailing banking and insurance sector. The move is part of a coordinated bailout by European governments, led by the UK, with the US poised to follow suit. Meanwhile, European central banks offered unlimited dollar funding in action agreed with the Fed. Stocks in Asia, Europe, London and on wall street were all up, rebounding after the worst week since the Depression era

China's trade surplus hit a record $29.3bn in September as exporters defied forecasts of falling international demand - for the moment, at least

The latest round of vast interventions in the financial system from authorities around the world stoked one of wall street's strongest ever rallies following its worst sell-off since the Depression

Waste management, the largest waste removal company in the US, has pulled out of a $6.73bn hostile bid for Republic services, the third largest, saying that credit market turmoil made it impossible to secure appropriate financing

Citigroup is changing the way it pays top executives in its securities and investment banking unit to encourage greater co-operation and minimise the internal battles that have hampered its performance in the past

Citigroup's head of securities and investment banking is focusing on innovation, reassessing the company's strategy and fundamentally changing the model

The us bank's shares soar after a $9bn investment from Mitsubishi UFJ Financial Group that will give the Japanese company a 21% stake on better terms than previously announced