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Venezuela offers asylum to Snowden

Snowden, 30, remains in limbo at an airport in Moscow after withdrawing his request for asylum in Russia

Ferrari-beating Great Wall shows Wei forging next Hyundai

Chinese automakers are a decade away from delivering their first globally competitive vehicle, though that's only one or two product cycles in the auto industry

Galaxy S4 sales fail to put Samsung on cloud nine

Firm's earnings miss analysts' estimates

US employers added more workers in June than forecast

Employers added 195,000 new jobs to their payrolls last month, while the unemployment rate held steady at 7.6%

Temasek's assets jump to a record on stock-mkt recovery

The value of Temasek's holdings increased by 8.6% in the year to March 31 from S$198 bn

Mursi ouster hastened by failure to grow country's economy

With growth already the weakest in two decades, unemployment stands at a record 13.2%

Yahoo! to 'buy' Xobni for about $70 mn in latest takeover

Xobni's tools for finding and storing phone numbers and addresses will be included in Yahoo!'s mail and messaging products

Samsung acquires Boxee to add connected TV set-top boxes

The acquisition will help Samsung continue to improve overall user experience across its connected devices

S&P cuts Barclays, Credit Suisse, Deutsche Bank ratings

Long-term counterparty credit ratings for Barclays and Deutsche Bank were cut to A from A+, while Credit Suisse Group was reduced to A- from A

Honda threatens Suzuki lead in compacts battle

Amaze, the compact sedan, has helped Honda climb to the third spot

Glaxo probe in China follows drug safety agency revamp

China's govt reorganised its Food and Drug Administration in March to intensify scrutiny of safety breaches

Snowden retracts Russia asylum bid as refuge options narrow

Putin's spokesman says Snowden won't be handed over to US to face espionage charges because of human-rights concerns

Golden era fades for China's banks as crunch raises default risk

Vatican bank managers resign amid broadening financial scandal

Ernst von Freyberg, the bank's president appointed last February, will take over as interim director general

Zynga hires MS veteran

Don Mattrick will succeed Mark Pincus, who will remain chairman of the board and chief product officer

'Give us your real dollars for our fake dollars'

The foreign reserves have fallen at the fastest pace in more than a decade to a six-year low of $37.2 billion

Faulty loans: Citigroup will pay Fannie Mae $968 mn

The agreement includes 3.7 million mortgages originated from 2000 to 2012 and sold to Fannie Mae

EU seeks settlement by year end on Libor-Euribor rigging probes

Probes into potential rigging have expanded beyond interbank lending rates

Murdoch at 82 starts over with $2.6 bn for deals

The new company officially began trading from Monday

Private banks leave Switzerland as end of secrecy hurts

Number of foreign-owned Swiss banks fell to 129 by the end of May from 145 at the start of 2012