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This is Money
Ministers from the US and Europe are preparing for a major clash later this week as they wrestle over the agenda for the G20 summit which aims to hatch a solution for the economic crisis.
G20 ministers set for clash over economic crisis solutions
European ministers on Monday said they had no plans to add to recent fiscal stimulus packages despite calls from the US for such action.
Europe rejects extra stimulus
Fears about the stability of the commercial banks and the looming reality of the Bank of England's massive programme of "quantitative easing" sent sterling and gilt yields crashing to fresh lows yesterday.
Gilt yields fall to 50-year low before first auction
Barclays' shares fell 5 per cent yesterday on speculation that it would need to raise more funds to meet the Government's requirements for insuring assets. The bank has turned down government support to retain full control over lending, pay and strategy, arguing that unlike its rivals it is profitable and generating capital.
Barclays in the spotlight as next APS candidate
UK government officials warned Barclays on Monday that its balance sheet would be subject to forensic Treasury examination if it decided to dump toxic assets on the taxpayer, amid signs that the bank could face a higher-than-expected bill to join the UKs asset insurance scheme.
Barclays warned on asset dumping
Japanese corporate bankruptcies soared by more than ten per cent last month compared to the previous year, as a deepening recession continues to slow the world's second largest economy.
Japan bankruptcies soar by 10 per cent
It is, on the face of it, merely a supremely ambiguous phrase of bureaucratic Japanese but it is threatening to plunge the country's welfare system into chaos and create a national fire sale of everything from violins to motorbikes.
Lost your job? If you want benefits, then sell the car
Warren Buffett, the US investor dubbed the Sage of Omaha, continues to be a cheerleader for equities despite recent spectacular misjudgments on the timing of his buy and hold philosophy.
Buffett sticks to his view that shares are best long-term investment