Japan's economy poised on knife-edge

Justin McCurry

Masaaki Shirakawa, the Bank of Japan's acting governor, has warned that the country's economy faces an uncertain future. It comes at the end of a week in which the Nikkei share index sank to its lowest level for almost three years. Shirakawa took up the post after Parliament failed to agree on a long-term appointment.

Global economic growth 'robust', says ECB

Staff Reporter

Global economic growth is "robust" but inflation risks remain as markets absorb the impact of the United States subprime crisis and higher food prices, European Central Bank (ECB) chief Jean-Claude Trichet said on Monday. "Food is a very big problem" stoking inflationary pressures, Trichet said.

Oil races above $135, stocks and bonds shudder

Kevin Plumberg

Record high oil prices at $135 a barrel deepened worries about inflation on Thursday and weighed on some Asian stocks although Japanese shares ended slightly higher, as dealers trimmed their bets on further weakness. The dollar trudged higher against the euro after earlier hitting a one-month low after the Federal Reserve slashed its United States 2008 growth forecast

Bush, Bernanke to launch twin subprime assault

Mike Peacock

United States President George Bush will outline reforms on Friday to help struggling subprime mortgage borrowers and his central bank chief will deliver a speech which will be pored over for hints of a looming rate cut. Federal Reserve chairperson Ben Bernanke speaks on "Housing and Monetary Policy" at around 2pm GMT.