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Business

Can the euro zone survive economic recovery? xxxxxxx

THE economic recovery that the euro zone anticipates in 2010 could bring with it new tensions. Indeed, in the extreme, some countries could find themselves considering whether to leave the single currency altogether.

Business

US and global stocks fall

NEW YORK: Investors can't shake their fears that the economy isn't keeping up with the stock market.

Business

Markets watch European Central Bank for exit plan

LONDON: The European Central Bank is expected to keep its benchmark interest rate unchanged at the historic low of 1 percent Thursday - and could indicate the eurozone won't see growth strong enough to warrant a hike for quite a while.

Business

EU unlikely to fall back into recession

FRANKFURT: It is unlikely that the euro zone would fall back into recession soon after exiting it, European Central Bank (ECB) Governing Council member Axel Weber said on Thursday.

Business

European Central Bank seeks to cool euro's soar to 14-month high

LUXEMBOURG: Seeking to cool the euro's soar toward a 14-month high, the European Central Bank and the 16 nations that use the euro said Monday that they supported a strong dollar.

Business

Trichet: US support for strong dollar important

FRANKFURT: European Central Bank president Jean-Claude Trichet said US commitment to a strong dollar is important in keeping currency markets and the global economy stable.

Business

Trichet: G-20 must tackle global imbalances

FRANKFURT: The Group of 20 (G-20) rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank president Jean-Claude Trichet said in comments released yesterday.

Other Sport

Flintoff back for Ashes decider

LEEDS: England have been given a huge boost ahead of next week's Ashes decider with the announcement that key all-rounder Andrew Flintoff is set for a farewell to Test cricket at the Oval.

Other Sport

Bring on the boo-boys

LEEDS: Australia captain Ricky Ponting is more than happy to keep getting booed by English crowds during the remainder of the Ashes series because, as far as he's concerned, that means he's playing well.

Other Sport

Injuries force Flintoff to quit Test cricket

LONDON: England all-rounder Andrew Flintoff is to retire from Test cricket at the end of the Ashes series against Australia because of persistent injury problems, the England and Wales Cricket Board said yesterday.