• U.S. economy still suffering, China on solid footing.


• US employee output, inventories show economy suffering.


• Bailout watchdog says U.S. banks still at risk.


• President Obama says economy not "out of the woods".


• Central banks in Japan, South Korea keep rates steady.


• Markets underwhelmed, await word from Fed and BoE.

Reuters 12th August 2009

• The Financial Services Authority (FSA) is to publish a code later setting out how banks will have to change their policies on pay and bonuses.


• Frank DiPascali, the former chief financial officer of Bernard Madoff, has pleaded guilty for his role in his boss's $65bn (£40bn) fraud.


• China has formally arrested and charged four employees of mining firm Rio Tinto with stealing trade secrets and taking bribes, Chinese state media reports.

BBC Business News 12th August 2009

Warm and sunny in Malta, Santa Maria holiday this weekend.

Andy Murray wins his first match since Wimbledon, Tiger Woods determined to will the USPGA.