Money

Cautious investors should wait before they dive into this latest bond sector

Hamish McRae: When the dust settles the global financial system will look very different

Economic Life: If currency holdings were to reflect trade patterns there would be much more significant holdings of the Chinese yuan and the Indian rupee

Japanese join Swiss in push to devalue currency

Japan tamed financial markets and successfully pushed down the value of its currency yesterday, but stalling economic growth in the West and the latest leg of the eurozone crisis suggest that its victory may be shortlived.

FTSE shares hit five-month low

World markets took another hammering today as Europe's debt crisis and worries that the US economy will slip back into recession spooked investors.

South Korea adds to gold reserves

South Korea has bought gold for the first time in over a decade, the country's central bank said yesterday, reflecting the diminishing clout of US dollar and growing concern about inflation across the world economy.

Gulliver says US is still at risk of ratings downgrade

Stuart Gulliver, HSBC's chief executive, yesterday welcomed the deal to raise America's debt ceiling but warned that the US was still at risk of a downgrade from credit ratings agencies.

Time is running out for debt deal, says Obama

With four days remaining until the United States hits its debt limit, US President Barack Obama told deeply divided Republicans and Democrats to stop bickering and find a way "out of this mess."

BP profits lower than anticipated



BP posted lower than expected profits today in a further sign of the pressure on the firm as it looks to reverse its fortunes in the wake of the Gulf of Mexico disaster.

Get your own back on the currency cowboys

Fluctuations in exchange rates are notoriously hard to predict and can leave you out of pocket. Kate Hughes finds out how the experts cope

Fresh blow for banks over US totals

The banking sector suffered another blow today after two of the US's financial giants reported worse than expected profits.

Mohamed Bin Hammam 'refused to provide bank records' to Fifa ethics committee

FIFA member Mohamed Bin Hammam refused to speak to investigators or provide his bank records during the probe into allegations he paid cash gifts to Caribbean football officials, according to a report to FIFA's ethics committee.

The Holiday Crunch: Why you'll have to pack more pounds

Simon Calder reports on how sterling's fall is causing a rise in the price of foreign travel

Hack attack pushes Bitcoin to the brink

Bitcoin, an online currency beloved of libertarians and technophiles, which had been threatening to break into the mainstream, was facing the worst crisis of its two-year existence last night after hackers brought down its biggest exchange.

Times are tough, even at this A-list retreat

Parrot Cay, the superstars' favourite Caribbean island, isn't recession proof. That's good news for the rest of us, says Kate Simon

BP partner pays toward spill claims

BP today clawed back 1.1 billion US dollars (£677 million) from one of its partners on the Deepwater Horizon rig to cover claims related to the Gulf of Mexico oil disaster.

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