News Jack Lew’s previous squiggle of a signature, above, and the new one, below

When US President Barack Obama nominated Jack Lew as the new Secretary of the US Treasury in January, the media had one overwhelming concern about the appointment: Lew’s illegible signature, which resembles the doodle of an absent-minded child, would now appear on every US banknote.

American bid to avert global currency war rejected at G20

A bold American plan to redress "global imbalances" in international trade and limit the surpluses that can be run by nations such as China was yesterday rejected out of hand.

King launches attack on 'ruinous' currency wars

Mervyn King, the Governor of the Bank of England, last night issued a thinly veiled attack on the leading protagonists in the global battle over currency valuations, warning that the row could lead to "every country [suffering] ruinous consequences".

Hamish McRae: Will messy skirmishes in currency manipulation lead to all-out war?

Economic Life: Is the UK policy of quantitative easing aiming to make it easier for companies to borrow money, or is it trying to weaken sterling?

Business Diary: Lib Dem VIPs head for Jurys

Much glee at the hotel group Jurys, which is enjoying playing host to the Liberal Democrats, including leader Nick Clegg and his deputy, Simon Hughes, at its Liverpool Jurys Inn – it reckons this is the first time a major political party has stayed at a three-star hotel for its annual conference. Mr Clegg, of course, did not have to endure such trying conditions for too long. He left the shindig early yesterday for a United Nations meeting in New York. One imagines he won't be staying in a Manhattan youth hostel.

Geithner pledges to press China on currency

US Treasury Secretary Timothy Geithner yesterday promised to continue pressing China on foreign exchange as the increasingly fraught global row over the value of national currencies intensified.

US anger mounts over Chinese exchange rate

US lawmakers tore into China for what they said was the country's manipulation of its currency, which they said has been kept artificially low against the dollar to boost its manufacturing sector at the expense of American jobs.

Can assessments in Europe repeat the success of those in America?

Europe's chancelleries are clearly hoping that the stress test will result in the same cathartic effect on markets as their US equivalents did in May last year. The turbulence that sparked European banking supervisors into action is worrying everyone.

The Business On... Jamie Dimon, Chief executive, JP Morgan Chase

Not another Wall Street fat cat?

Osborne's first G20 'unlikely to see progress' on global bank levy

British officials are downplaying the chances of major breakthroughs on banking reform at the G20 summit beginning today in the South Korean city of Busan, which will be Chancellor George Osborne's first major outing on the international stage.

George Osborne welcomes Europe-wide banks levy

Chancellor George Osborne welcomed plans for a Europe-wide tax on banks today but insisted the proceeds should not be ring-fenced to deal with future failures.

Fuld criticises Lehman's investigators 'distortions'

The former head of Lehman Brothers has hit out at the investigator who accused the bank of masking debts with an accounting trick, saying he had "distorted the facts" and Lehman's employees had been "unfairly vilified".

Geithner under fire over Lehman

Timothy Geithner was yesterday forced to defend the Federal Reserve, after congressmen turned fire on its failure to prevent the collapse of Lehman Brothers in 2008, and said the regulator's tools had been "insufficient". US Treasury Secretary Mr Geithner, who was the president of the Fed during the crisis told the House Committee on Financial Services: "With the limited powers that we had, we worked diligently to avoid an outcome that would destabilise the financial system and damage the broader economy." This followed an attack from Spencer Bachus, the ranking Republican member of the panel, who said the Federal Reserve had either been "incompetent or they concealed facts". He continued: "At best, regulators failed to catch the accounting manipulation that permitted Lehman to give a misleading picture of its financial health."

China's economy marches on

The world's most populous country enjoyed growth of 11.9 per cent last year

US-China trade war over yuan edges closer

China bluntly rejects US calls to revalue currency
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Prices correct as of 17 October 2014
Wilko Johnson, now the bad news: musician splits with manager after police investigate assault claims

Wilko Johnson, now the bad news

Former Dr Feelgood splits with manager after police investigate assault claims
Mark Udall: The Democrat Senator with a fight on his hands ahead of the US midterm elections

Mark Udall: The Democrat Senator with a fight on his hands

The Senator for Colorado is for gay rights, for abortion rights – and in the Republicans’ sights as they threaten to take control of the Senate next month
New discoveries show more contact between far-flung prehistoric humans than had been thought

New discoveries show more contact between far-flung prehistoric humans than had been thought

Evidence found of contact between Easter Islanders and South America
Cerys Matthews reveals how her uncle taped 150 interviews for a biography of Dylan Thomas

Cerys Matthews on Dylan Thomas

The singer reveals how her uncle taped 150 interviews for a biography of the famous Welsh poet
DIY is not fun and we've finally realised this as a nation

Homebase closures: 'DIY is not fun'

Homebase has announced the closure of one in four of its stores. Nick Harding, who never did know his awl from his elbow, is glad to see the back of DIY
The Battle of the Five Armies: Air New Zealand releases new Hobbit-inspired in-flight video

Air New Zealand's wizard in-flight video

The airline has released a new Hobbit-inspired clip dubbed "The most epic safety video ever made"
Pumpkin spice is the flavour of the month - but can you stomach the sweetness?

Pumpkin spice is the flavour of the month

The combination of cinnamon, clove, nutmeg (and no actual pumpkin), now flavours everything from lattes to cream cheese in the US
11 best sonic skincare brushes

11 best sonic skincare brushes

Forget the flannel - take skincare to the next level by using your favourite cleanser with a sonic facial brush
Paul Scholes column: I'm not worried about Manchester United's defence - Chelsea test can be the making of Phil Jones and Marcos Rojo

Paul Scholes column

I'm not worried about Manchester United's defence - Chelsea test can be the making of Jones and Rojo
Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

Frank Warren: Boxing has its problems but in all my time I've never seen a crooked fight

While other sports are stalked by corruption, we are an easy target for the critics
Jamie Roberts exclusive interview: 'I'm a man of my word – I'll stay in Paris'

Jamie Roberts: 'I'm a man of my word – I'll stay in Paris'

Wales centre says he’s not coming home but is looking to establish himself at Racing Métro
How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?

A crime that reveals London's dark heart

How could three tourists have been battered within an inch of their lives by a burglar in a plush London hotel?
Meet 'Porridge' and 'Vampire': Chinese state TV is offering advice for citizens picking a Western moniker

Lost in translation: Western monikers

Chinese state TV is offering advice for citizens picking a Western moniker. Simon Usborne, who met a 'Porridge' and a 'Vampire' while in China, can see the problem
Handy hacks that make life easier: New book reveals how to rid your inbox of spam, protect your passwords and amplify your iPhone

Handy hacks that make life easier

New book reveals how to rid your email inbox of spam, protect your passwords and amplify your iPhone with a loo-roll
KidZania lets children try their hands at being a firefighter, doctor or factory worker for the day

KidZania: It's a small world

The new 'educational entertainment experience' in London's Shepherd's Bush will allow children to try out the jobs that are usually undertaken by adults, including firefighter, doctor or factory worker