From COMPANIES 9:37pm

Facebook prices shares at $38 each

Facebook CEO Mark Zuckerberg walks past a row of American flags to a town hall meeting ©AFP

Valuation of $104bn at top of the range

From COMPANIES 10:07pm

Spain moves to calm bank fears

Moody’s conducts sweeping downgrade of country’s lenders

From MARKETS 9:06pm

Japan pushes Asia gas price close to high

Spot prices in Asia expected to hit record high this summer

German Chancellor Angela Merkel arrives for a news conference ©EPA From GLOBAL ECONOMY 8:59pm

Merkel faces G8 isolation on eurozone

World leaders expected to push German chancellor on growth

From COMPANIES 11:06pm

Investor anger hits Cairn, Pru and Cookson

Pay report of Cairn Energy voted down

cameron and africa From UK 8:26pm

Cameron changes tack on Hollande

PM tries to align himself with ‘pro-growth’ mood

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