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US stocks fall

Stocks in the U.S. retreated from lofty heights Thursday after a European Central Bank official pointed to rising price risks and a major Wall Street bank lowered its sales expectations for Chinese Internet company Baidu.com.

Sarkozy to urge "fair" forex on China visit

PARIS (Reuters) - French President Nicolas Sarkozy will use a visit to China this weekend to call for an

Sarkozy to urge "fair" forex on China visit

PARIS (Reuters) - French President Nicolas Sarkozy will use a visit to China this weekend to call for an

ECB head: Need to improve ratings agencies

The role of ratings agencies and the creation and distribution of complex financial products need to be improved in the light of market turmoil, the head of the European Central Bank was quoted as saying on Wednesday.

Analysts: Central banks poles apart on interest rates

Leading central banks, which have pulled together to tackle the global credit crunch over the past six months, have shown far less co-ordination over monetary policy.

US$20mil a match set to be richest single game in sport’s history

England are set to be offered US$100mil to play five Twenty20 matches against a West Indies all-star side, according to reports here yesterday.

News in brief

French economy will grind to a halt in third quarter, statistics office says

PARIS (AP) - France's economy will grind to a halt in the third quarter as households succumb to the global slowdown and rein in spending, the country's statistics institute said in its quarterly economic forecast.

British government says Zimbabwe tour "unwelcome"

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

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.