Larry Elliot

Banks issued bail-in bonds hoping pension funds would buy them, but hedge funds, private banks and retail investors have snapped them up.

Bank of England policymakers have ordered British banks to make a more "honest" assessment of hidden losses on their balance sheets.

Whoever wins the US election between President Barack Obama and contender Mitt Romney will find themselves standing at the edge of a fiscal precipice.

The past decade has seen the end of cheap oil, the magic growth ingredient for the global economy since World War II.

Europe’s leaders are claiming victory in the eurozone crisis after agreeing to new deals that halve Greek debt.

If Athens reneges on its debts it will shatter the markets’ confidence in the eurozone project.

Recovery from the worst recession since the 1930s is weak, unbalanced and runs the risk of running out of steam the International Monetary Fund warns.

As deflation and depression loom, the United States could be at a historical turning point.

Monetary policy is being eased everywhere, with the expectation that the Fed will join Japan in having a policy rate below 1% by the end of the year.