Hollingsworth Daily Post

• Investors are waiting for the outcome later of the Federal Reserve's policy meeting, which will indicate how the central bank views the US economy.Financial markets have priced in possible stimulus measures. However, economists are split over whether the bank will take action now.One Fed option is to start buying up Treasury securities again - an action last taken during the financial crisis.In July, Fed boss Ben Bernanke said the outlook was "unusually uncertain".


• Tata Motors has reported a return to profit thanks to strong domestic demand for its cars and increased sales of its Jaguar and Land Rover brands.Net profit for the three months to the end of June came in at 19.9bn rupees ($429m; £273m), compared with a loss of 3.3bn rupees a year earlier.Revenue grew by 64% to 271bn rupees as car sales in India grew by more than a half, to 77,858 cars.


• China's import growth slowed in July, which economists are seeing as a sign that the country's rapid economic expansion is cooling.Imports climbed by 22.7% compared with a year ago to $116.8bn, well below the 53% expansion seen in June.However, exports rose by 38.1%, from June's 35.2%, as China's trade surplus increased.There are worries that if China's demand for imports slows it could hinder the global economic recovery.


• Shares in Europe's biggest travel operator, TUI Travel, have fallen 8% after the Thomson Holidays owner said several factors had hit its UK trading.These included airspace closures due to volcanic ash, good weather encouraging people to stay at home and uncertainty about the impact of government cuts.As a result, booking volumes were about 10% lower in the three months to the end of June compared with last year.This meant revenue fell to £3.4m, down from £3.6m a year ago.


• The UK's trade deficit narrowed in June by more than expected after exports rose sharply from the previous month.The deficit on goods and services fell to £3.3bn, against £3.8bn in May, the Office for National Statistics said.The goods deficit was £7.4bn, compared with £8bn a month earlier, largely due to a £900m boost to exports. Trade in services produced a surplus of £4.1bn.

BBC Business News 10th August 2010