Friday, November 13, 2026
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The global credit crisis has hit Asia with a vengeance for the first time, triggering a massive flight to safety as investors across the region pull out of risky assets. Yields on three-month deposits in China and Korea have plummeted to near 1pc in...
The dollar could collapse if Opec officially admits considering changing the pricing of oil into alternative currencies such as the euro, the Saudi Arabian foreign minister has warned. Prince Saud Al-Faisal was overheard ruling out a proposal from Iran and Venezuela to discuss pricing...
Like a precocious child seeing how long it can hold its breath, the world economy has remained defiantly indifferent to the relentless rise in the price of oil. Hardly a day goes by without West Texas Intermediate, the light crude that is the market benchmark, hitting new...
After a traumatic few months on the markets, there is probably one anniversary most people in the City would happily skip. Still, there is no avoiding it. On 19 October, it is 20 years since Black Monday, the day in 1987 when financial markets around the world...
Until last week, the world had almost forgotten that Alistair Darling even existed. Until last week, the world had almost forgotten that Alistair Darling even existed. The Chancellor of the Exchequer, supposedly the second most powerful man in British government, seemed to have vanished...
Inflation is above the Bank of England's target for the third month in a row, raising doubts that it will cut interest rates as fast as the market expects this year. The news helped the pound to rebound after its recent run of declines,...