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.
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Tuesday 30 March 2010
Tuesday 16 March 2010
Sunday 07 February 2010
A crisis in Europe over budget belt-tightening has upended global markets and seized the attention of financial leaders meeting in the Canadian Arctic.
Tuesday 26 January 2010
Thursday 17 December 2009
Outlook Congratulations then to Ben Bernanke, Time magazine's person of the year. In a year when the competition for the title was not hotly contested – judging by the other contenders the magazine says it considered – the US Federal Reserve chairman won because without him "a weak economy could have been much, much weaker".
Friday 04 December 2009
Good to see The Wall Street Journal give its writers free rein. In an op-ed piece yesterday, Google boss Eric Schmidt said: "With dwindling revenue and diminished resources, frustrated newspaper executives are looking for someone to blame. Much of their anger is currently directed at Google... the facts suggest otherwise." Chief of the get-Google brigade is, of course, Rupert Murdoch, the Journal's owner.
Saturday 07 November 2009
Chancellor Alistair Darling today urged the world's most powerful finance ministers to treat climate change with the same urgency they gave to the world economic turmoil.
Friday 30 October 2009
US Treasury secretary Timothy Geithner went to Capitol Hill to press Congress to pass the Wall Street reform package that will allow the government to wind up huge financial firms whose uncontrolled collapse would threaten the entire economy. Members of the House of Representatives financial services committee questioned some aspects of the proposals, including the plan to have companies with more than $10bn in assets repay costs to unwind a firm after it fails. “Most of us don’t die and then buy a life insurance policy,” said Luis Gutierrez, an Illinois Democrat, saying the funds should be put in place in advance. Mr Geithner said that “would create expectations that the government would step in to protect shareholders and creditors from losses.”
Wednesday 16 September 2009
Saturday 12 September 2009
US Outlook: Only on Wall Street could the phrase "guaranteed bonus" not be an oxymoron, and there is something so outrageous about the notion of pre-agreeing multi-year bonus packages that it has become a lightning rod for public over finance industry pay.
Monday 07 September 2009
Sunday 06 September 2009
Saturday 05 September 2009
Friday 04 September 2009
The Conservative Party backed Germany and France yesterday in their row with the British Government over how long the global economic bailout should continue.
Tuesday 28 July 2009
President Barack Obama declared a new era of "co-operation, not confrontation" with China today, even though two days of high-level talks were not expected to resolve differences over the two nations' yawning trade gap and China's unease over soaring US budget deficits.
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
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