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/ 14 January 2011
There is a sharp divide between those economists who view the jump in oil and food prices as part of a trend that will bring higher inflation.
The G20 summit failed to tackle growing concerns that currency wars between Washington and Beijing will undermine hard-won stability.
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/ 27 October 2010
China sent the markets into turmoil after it increased its benchmark interest rate by 25 basis points
Everyone knows cutting housing benefits just takes us down the route to US-style ghettos
United States worries grew on Friday night when federal officials took over California mortgage lender IndyMac after a run on the bank by depositors.
UBS, one of the world’s largest investment banks, wrecked its reputation as a bastion of financial stability after it admitted this week that losses stemming from the United States sub-prime mortgage crisis had spiralled by £10-billion in the first three months of the year to a total of almost £19-billion.
United Kingdom high street bank Barclays surprised the City of London last week by announcing an audacious tie-up with the Chinese government to boost its bid for ABN Amro. Barclays tabled a â,¬67,5billion improved cash-and-shares offer for the Dutch bank after it won a pledge from the state-run China Development Bank (CDB) to inject â,¬10,4billion into the merger, should it go ahead.