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ECB, BoE expected to leave interest rates steady

FRANKFURT, Germany (AP) - The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth.

Auto consolidation seen

A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.

Oil rises to US$145 as investors shun equities

Crude oil rose to a record above US$145 a barrel in New York as investors sought an alternative to tumbling stock markets.

Oil soars to record above US$144

KUALA LUMPUR (AP) - Oil soared to a record above US$144 a barrel Thursday in Asia, fueled by concerns over a larger-than-expected drop in U.S. stockpiles and the threat of conflict with Iran.

Oil rises above US$142 a barrel

KUALA LUMPUR (AP) - Oil rose above US$142 a barrel Wednesday in Asia, with analysts warning that prices may spike further amid persistent concerns over tight supply and tension in the Middle East.

Indicator of economic confidence in euro-zone drops

BRUSSELS (AP) - Confidence in the euro-zone economy dropped further in June, an EU survey said Friday, adding bad news to an already gloomy outlook and causing a bigger headache for the European Central Bank as it tries to reign in inflation without squelching growth.

Britain prepares more sanctions on Zimbabwe

LONDON (Reuters) - Britain said on Wednesday it was preparing tougher sanctions against specific members of the Zimbabwean government and urged world leaders to work together to remove President Robert Mugabe from power.

Britain urges deeper EU sanctions on Zimbabwe

LONDON (Reuters) - Britain said on Wednesday it was drafting new sanctions it hoped the European Union would impose on members of Zimbabwean President Robert Mugabe's government and urged world leaders to work towards removing the leader.

British government says Zimbabwe tour "unwelcome"

LONDON (Reuters) - Britain said on Tuesday that Zimbabwe's planned cricket tour of England next year would be