Letter from US Federal Reserve chairman highlights the "long-term promise" of virtual currencies
'Abenomics' seems to be doing the trick for the second-largest economy after two 'lost decades'. Danielle Levy reports
Investors piled into shares, bonds and the pound today after the US Federal Reserve's shock decision not to slow the pace of its money-printing programme.
Economic View: I personally find it astounding that the West could have allowed such a build up of debt to occur
Ecnomic View: Understandably there has been criticism of the timing and phraseology of the Bernanke speech
Global sell-off on Fed move wipes out the last of the gains made by London's benchmark FTSE 100 this year
World stock markets fell sharply today after the US Federal Reserve said it could start scaling back its huge economic stimulus programme later this year and a survey showed a slowdown in manufacturing in China.
The FTSE 100’s surge towards all-time highs was brought to a spectacular halt today as panicking investors dumped shares in a global sell-off.
Right-wingers on Capitol Hill want to end the US central bank's mandate to combat unemployment
Evidence of further weakness in the US economy and renewed speculation that the Federal Reserve is about to restart its policy of "quantitative easing", the direct injection of electronic money into the economy, sent the dollar crashing though a range of benchmarks and records yesterday.
Papandreou calls for new rules in talks at Oval Office on his country's debt crisis
It's taken a while, but America is warming to Ron Paul and his radical brand of extreme libertarianism
President Obama interrupted his family summer holiday at Martha's Vineyard yesterday to announce the renomination of Ben Bernanke to the post of chairman of the Federal Reserve. Mr Bernanke's four-year term was due to expire in January. The re-nomination will require the approval of the Senate, but the President's declaration of intent, which amounts to a powerful endorsement of Mr Bernanke's proactive approach to policy-making, makes it likely that Mr Bernanke will get the nod. In any case, a majority of economists, central bankers, and investors support the reappointment.
Scramble to aid small businesses that employ 70 per cent of workers
The US government is set to become the largest shareholder in its national banks, pumping in $250bn (£143bn) to prop up its financial system and marking one of the most startling moments in a credit crisis that has broughtquasi-nationalisation to the home of free-market capitalism.
George Bush today confirmed a $250 billion plan by the US government to buy shares directly in the nation's leading banks.