The US borrows in its own currency, benefiting from a ready market for its securities, both at home and abroad

Iran's stock exchange is climbing for the second day following the surprise election of a reformist-backed president.

Oil giant BP has warned that millions of dollars of "fictitious" compensation claims for the 2010 Gulf of Mexico oil spill are putting the company at risk.

Unions said writedown will worry 18,500 staff still reeling from last year's cuts

Rescuers found more bodies in the concrete debris of a collapsed garment factory building today and authorities say it may take another five days to clear the rubble.

Currency collapses will mean a catastrophic cut in spending money for families heading abroad for the Easter holidays.

World markets continued to shrug off economic worries today as London's FTSE 100 Index closed at its highest level since January 2008.

Travel money firms have been reporting record orders this week as holidaymakers rush to secure current rates among concerns that the pound could fall further against the value of the euro and dollar.

The pound suffered a rocky day in global foreign exchange markets today as European traders responded to the decision of the credit rating agency Moody’s late last week to strip the UK of its AAA credit rating.

The City refused to panic over the loss of the UK’s AAA rating today as shares headed higher and sterling avoided a major sell-off.

Britain's loss of its prized AAA credit rating intensified the pressure on sterling today despite another rally for London's top flight shares index.

Sterling is expected to come under pressure tomorrow following the loss of Britain's gold-plated AAA credit rating.

Nearly three years on, the Gulf of Mexico oil spill continues to dominate BP’s agenda.

BP has agreed to pay $4.5 billion in penalties and plead guilty to 14 counts of criminal misconduct over the Deepwater Horizon oil spill in the Gulf of Mexico two years ago.