What made the business news in Asia and Europe this morning? Here's our daily business round-up: The 17 nations that use the euro will see their economies shrink 0.1% this year, before rebounding to 0.9% growth next year, the OECD predicts.

Marks & Spencer admitted today that full-year profits have fallen for the first time in three years. Chief executive Marc Bolland came under pressure as he added that the almost incessant downpours in April led to a �tough� start to this financial year ...

By NATALIYA VASILYEVA, AP Business Writer - 1 minute ago MOSCOW (AP) - Stocks advanced Tuesday ahead of a summit of European leaders that's expected to be dominated by calls to boost economic growth across the continent, though ongoing worries over the ...

BERLIN (Dow Jones)--Germany will maintain its position on solidarity over the current euro-zone debt crisis, Chancellor Angela Merkel pledged Tuesday, stressing that fiscal consolidation and structural reforms are needed to generate sustainable growth.

Chancellor George Osborne faced another blow to deficit-busting efforts today with more gloom on borrowing as the UK's slide back into recession hit the Treasury's coffers.