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The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.

Market Report: Michael Page climbs as Adecco bid talk returns

The possibility of Michael Page becoming a takeover target again was in focus last night following rumours Adecco could be gearing up for another attempt at the recruiter.

Jackson Hole: bankers to decide the world's fate

At last year's conference Ben Bernanke dropped a bombshell. This year his options are fewer. Stephen Foley reports

Jittery European markets make small gains

Fears of a global recession and another woeful session for banking shares did not stop the London market from making nervous gains today.

Stephen King: Our economic woes show that there is nothing unique about Japan

Economic Outlook: Economic outcomes in the Western world have, to date, been far worse than in Japan in the early years of stagnation

Stephen Foley: Bernanke must rise above the jibes from Perry's Texas hold'em economics

Rick Perry’s comments about Ben Bernanke have been viewed as a gaffe and an unwise reminder of the rhetorical style of George W Bush

White House backs Fed's Bernanke

The White House has defended the independence of Ben Bernanke, the Federal Reserve's chairman, after the US presidental candidate Rick Perry declared that "printing more money to play politics at this particular time in American history is almost treacherous, or treasonous". The Texas Governor said: "If this guy prints more money between now and the election, I dunno what y'all would do to him Iowa, but we would treat him pretty ugly down in Texas."

Go for gold: yellow metal makes return

Forty years since President Nixon dumped the gold standard system, Stephen Foley considers the calls for its return

Bank could keep rates low until 2013

The Bank of England today gave a clear signal that the UK will mirror the United States in keeping interest rates at record lows until 2013.

Hopes for lower fuel costs as oil's rollercoaster ride continues

The oil price followed stock markets down and then up yesterday but is now $20 down on its peak during 2011

Modest recovery for world markets

Hopes of a fresh round of fiscal stimulus measures today helped London's battered shares index dodge its longest losing streak for eight years.

Stephen Foley: America has just abandoned the unemployed

US Outlook: The seven men and three women who sit down in Washington on Tuesday to debate US interest rate policy will almost certainly decide to do nothing. They may well say something, but action – desperately needed action – seems unlikely for the time being.

Hamish McRae: Defaulting on its interest payments might not be such a bad thing for the US

Economic Life: The US can 'grow' out of its indebtedness: Debt is being accrued there by 300 million people, but in another 40 years there will be 450 million to pay it off

Bernanke boosts US stocks after hint Fed is ready to aid economy

Ben Bernanke, the chairman of the Federal Reserve, helped the US stock market break a three day sell-off yesterday by raising the possibility of a further round of quantitative easing to support the economy.

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Italian couples fake UK divorce scam on an ‘industrial scale’

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Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

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Llansanffraid is now Llansantffraid

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