A global share rout sends the FTSE 100 plunging back towards the 5000 mark as fresh alarm over vanishing European growth follows emergency action to prop up the US economy... more
Commentary: As markets convulsed in September 2008, Morgan Stanley treasurer David Wong briefed the Federal Reserve on a "dark" scenario in which the US company would need at least $10 billion of emergency loans from the central bank... more
Gary Cohn, president and chief operating officer of Goldman Sachs, was asked last year by the Financial Crisis Inquiry Commission in the US whether the investment bank had used overnight loans from the Federal Reserve. ... more
Charles Ferguson's documentary offers a forceful and lucid explanation of what caused the 2008 financial crisis, who's to blame and why nothing's changed since. It may leave you feeling angry... more
Russia lines up with China in criticising America’s latest fiscal stimulus ahead of the G20 summit, saying the US should consult other countries before pumping cash into its economy... more
The Bank of England opts not to follow its American counterpart’s example as rate-setters vote against printing more money to shore up recovery... more
The world’s emerging nations are bracing themselves to fend off a destabilising flood of cheap dollars after the US Federal Reserve votes to crank up the printing presses... more
A worse-than-expected fall in US jobs during September overshadowed top-level talks over the health of the global economy under way in Washington... more
World stock markets slide and the dollar falls, undermined by worries about the global recovery after Federal Reserve chairman Ben Bernanke confirms fears that the US economy has weakened... more
Sterling crashes to a nine-month low against the dollar after the US Federal Reserve chief Ben Bernanke raises interest rates on emergency loans... more
When the Governor of the Bank of England Mervyn King announced his embrace of quantitative easing in the spring he said it would take six months before one could judge whether or not the policy was a success. That was six months ago. So now people are beginning to ask the question ... more
The dollar collapsed after traders gave the thumbs down to US Federal Reserve plans for a drastic $1 trillion spending spree to revive America’s economy... more
Economics: The US Federal Reserve has set itself an inflation target for the first time as it warned that the economy is set to shrink more sharply in 2009 than it originally thought... more
Economics: The pound has rallied for a third day against a weakening dollar as the US Federal Reserve met to discuss new ways to ease the credit crunch
... more
Finance: The US Federal Reserve has set a goal of buying $500 billion in mortgage-backed securities by mid-2009 in a bid to bring down mortgage costs and restart the collapsing housing market... more
The response of London stock-market investors to the Federal Reserve's move to cut rates to within a range of between zero and a quarter point was far less enthusiastic than that of their counterparts on Wall Street overnight.... more
Ailing AIG is to receive an increased $150 billion bailout package from the US Federal Reserve in a sign that the insurance giant needs far more help than previously announced... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
9°c
