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In 1990 interest rates were at 15 per cent. You didn't need to be brain of Britain to know that rates at that level were not going to last. It should be easy, therefore, to look at interest rates today – standing at 0.5 per cent – and see this must be the bottom of the interest rate cycle, with little chance of them remaining at record lows in the medium to long term.

Greeek MPs approve £90bn rescue deal

The Greek Parliament today approved a massive bond swap that will wipe €107 billion (£90 billion) off the country's privately held debt.

Rio Ferdinand (left) wants United to win the Europa League so he can avoid in playground stick

United cash balance drops £100m

Manchester United's cash reserves fell by £100m in six months, in part to finance an investment in the squad attempting to win the fight for domestic supremacy with Manchester City.

Greek party leaders seek deal as bankruptcy looms

Greek party leaders will meet today to seek a long-delayed agreement on harsh cutbacks demanded to avoid looming bankruptcy, amid intense pressure from its bailout creditors to reach a deal, a general strike disrupting public services and thousands of protesters taking to the streets of Athens.

Investment View: In the long run, stock-pickers are not all that good

Clever humans, able to single out companies which will succeed, surely ought to do well. Shouldn't they?

Greek delay puts aid on hold

The eurozone debt crisis began in Greece. And all attempts to resolve that nation's economic woes have failed. Ben Chu explains why the Greek tragedy continues to divide a continent

James Moore: Fund-lovers can prosper but must choose carefully

Investment View: Rathbone's mainstay is people with at least half a million or so sitting around

Greece on verge of debt forgiveness deal with creditors

The Greek government last night appeared to be on the verge of an agreement with some of its major creditors to restructure its bulging €355bn debt pile – although doubts remain about how many of the country's bondholders will sign up to the deal.

Letters: Who profits from euro disaster?

President Sarkozy was correct when he commented that the "eurozone crisis" was mainly a banking crisis. Your article "Greek rescue blocked by hedge fund greed" (18 January) confirms this. However, the situation is far, far worse than you describe. There is just one question to ask: cui bono – who benefits?

Protesters from Greece's 'I won't pay' movement march in Athens yesterday during a 24-hour strike against the government’s austerity measures

Hedge funds hold Athens to ransom over debt rescue

A group of hedge funds is threatening to block a last-ditch attempt to save Greece from defaulting on its huge debt pile, unless they are guaranteed a significant payout.

Yahoo co-founder Jerry Yang quits

Yahoo co-founder Jerry Yang is leaving the struggling internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.

Protesters from Greece's 'I won't pay' movement march in Athens yesterday during a 24-hour strike against the government’s austerity measures

Greek rescue blocked by hedge fund greed

Financiers who bought 'distressed' Greek debt insist on making vast profits from the crisis

There had been hopes the hastily-arranged gathering of leaders in Brussels would agree a deal to secure struggling eurozone members

Successful debt auctions give boost to Spain and Italy

Spain and Italy gave financial markets a boost as they successfully raised nearly €22 billion ($27.98 billion) in two keenly watched debt auctions that showed renewed investor confidence in the countries' attempts to get a grip on their debt problems.

Christine Lagarde met Angela Merkel in Berlin yesterday

Time is running out for Greece to avoid default

Chancellor Angela Merkel met the International Monetary Fund's managing director Christine Lagarde in Berlin yesterday for talks dominated by the worsening Greek debt crisis and Athens's race against time to avoid a disorderly default in little over two months time

Surge in liabilities as Bank buys government bonds

Pension liabilities among British businesses swelled to a record £255.2bn in December as the Bank of England waded into the market to buy government bonds, the latest figures from the Pension Protection Fund revealed yesterday.

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Blundering Tony Blair quits as Middle East peace envoy – only Israel will miss him

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