FOREX UPDATE

London - Grand Prix supremo Bernie Ecclestone does not yet consider Formula One team Renault guilty of cheating, he said in an interview published in the Daily Mail on Saturday.

"That the FIA World Motor Sport Council has become active does not mean that Renault is guilty," he is quoted as saying.

Renault is accused of deliberately instigating a crash at last year's Grand Prix in Singapore, which Alonso won after he was the only driver to have undertaken a fuel stop before the safety car phase.