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China has hit back at comments by US President Barack Obama that Beijing should change its currency strategy.

The head of the European Central Bank gives his tentative support to a bail-out fund to bolster the eurozone's financial stability.

A report into the collapse of US bank Lehman Brothers criticises senior executives and auditor Ernst & Young for serious lapses.

The UK announces a 300m-euro (£270m) loan guarantee for Vauxhall and Opel, the European arm of General Motors.

Factory output in the eurozone rose 1.7% between December and January, the biggest monthly rise since records began.

News supplied by BBC

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