IBT Staff Reporter

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EU prods China for faster yuan rise: G20 draft

The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday.

China tells Japan wage demands understandable

China says it is understandable for its workers to demand higher wages after foregoing pay increases during the worst of the economic crisis, a Japanese official said after talks with Chinese counterparts.

Trott and Broad set world record at Lord's

England number three Jonathan Trott finally succumbed for 184 on Saturday after he and Stuart Broad had broken the world eighth wicket partnership record on the third day of the fourth test against Pakistan at Lord's.

Fiscal alchemy must mimic monetary science

Tax and budget policies need the same regularity and independence as monetary policy if countries around the world are to cope with looming stresses from pension programs, world central bankers were told at a Federal Reserve conference on Saturday.

China seeks fresh nuclear talks as Kim eludes cameras

- China is lobbying neighbours to sign up to a road map for renewed nuclear disarmament talks with North Korea, whose leader Kim Jong-il is apparently visiting China amid conciliatory words and threats of atomic holy war.

North Korea threatens nuclear holy war if attacked

North Korea would answer any attack on it with a nuclear holy war, the country's ambassador to Cuba said, according to official Chinese media, while the North's leader Kim Jong-il appeared to be visiting China.

Two car bombs explode in Mexico but no casualties

Two car bombs exploded in northern Mexico early on Friday, the latest attack in an area where several days earlier marines found the bodies of 72 people gunned down in the country's escalating drug war.

Oesophageal cancer rates rise steeply in men

Rates of oesophageal cancer in men have risen by 50 percent in Britain in a generation, an increase that is probably being driven in part by growing rates of obesity and poor diet, scientists said on Saturday.

Bernanke says Fed to act if needed

U.S. Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.

HP raises 3PAR offer to trump Dell again

Hewlett-Packard Co raised its offer for 3PAR Inc to $2 billion, once again topping Dell Inc's bid and showing it had plenty of ammunition in a bidding war for the data storage company.

Clearwire plans pay-as-you go service

Clearwire Corp said on Friday that it is planning a pay-as-you-go service, representing a new customer segment for the high-speed wireless service provider.

Tribune files no new bankruptcy plan

Tribune Co, struggling to win broad creditor support for its plan to emerge from bankruptcy, said on Friday it would not tweak the proposal any further at the moment.

BBC boss defends it from critics, rivals

The head of the BBC made an impassioned defence of the state broadcaster on Friday, following years of mounting criticism from rivals and politicians accusing it of being too large and too arrogant.

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