* Dow drops 161 points, S&P falls 18 points and Nasdaq tumbles 36 points
* Chancellor Alistair Daring will outline a tough regulatory regime today for the financial services industry that would impose heavier capital and liquidity standards on banks that pose the greatest risk to the financial system
* Chinese president Hu Jintao has cut short his visit to Italy, where he was planning to attend the annual G8 summit, three days after the worst ethnic unrest in China since the Cultural Revolution erupted in the Muslim-dominated Xinjiang autonomous region
* Four Rio Tinto staff detained in China as tensions over iron ore talks rise
* Doubts grow over quantitative easing has Bank of England's holdings hit gilt liquidity and Fed Reserve purchase programme lifts inflation fears
* Incipient recovery in the manufacturing sector stalled in May after the largest monthly fall in output since the start of the year
* Housing remains unaffordable for too many buyers, particularly those seeking to buy for the first time, according to National Housing and Planning Advice unit
* Food price rises hit 14-month low
* Downturn in jobs market gives sign of easing
* Rising oil price seen as risk to global recovery
* EIA sees US crude price averaging $69.50 in second half 2009 and raises 2010 forecast by $5 to $72.42
* Regulator considers tougher stance on oil trading
* Sir Stuart Rose shrugs off threat of showdown at Marks & Spencer agm
* US retail sales first five weeks in June down 4.3% vs May - Redbook
* ICSC/Goldman Sachs chain store sales up 0.1% in July 4 week
* NIESR believes early hopes of UK growth in the second quarter are misplaced and the economy is stagnating
* German industrial order rise prompts talk of stabilisation
* US loan defaults at record levels
* UK slams EU hedge fund rules; Paul Myners says law needs 'major surgery'
* Recession increases suicide and murder, but downturns lead to fall in road deaths
* AIG loses $4.3 billion legal battle with former chief executive Hans Greenberg
* Ikea to cut jobs as sales slip
* Lord Malloch-Brown, one of Gordon Brown's most outspoken ministers, is to leave the government - Times
* Man Group AHL diversified futures weekly net asset value $37.36
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Week Ahead: Obama heads to Asia