US markets

Although South Africa faces a dramatic economic slowdown with plunging consumer spending, it has one of the highest interest rates in the world....

'You can always rely on the United States to do the right thing," quipped Winston Churchill, "once it has exhausted the alternatives."

It was a bad plan -- but it was a plan. The refusal of the United States House of Representatives to back Hank Paulson's bail out takes us into new...

What are we to make of the Congressional rejection of the Hank Paulson proposal? The politics is simple: elections are a rare moment of accountability in our political process and all 435 members of the United States House of Representatives are up for re-election in a matter of weeks....

If this is the death of Wall Street as we know it, the tombstone will read: killed by complexity.

Stock markets were in a good mood last Monday after the United States treasury announced it was putting the two big beasts of the American mortgage...

Share prices dropped sharply on the world's financial markets early last week amid fears that the year-long credit crunch is entering a dangerous...