In today's FT

View an online version of this email here.  All times are London time: Thursday Jan 29 2009 Financial Times - UK Homepage Xstrata poised for large rights issue Jan 28 2009 23:10 Shares in the mining group fell 9% as expectations rose that it would be the latest UK company to tap shareholders for cash to bolster balance sheets strained by the downturn Read more » Corus set to sell stakes in steel plant Jan 28 2009 23:39 Corus, the Anglo-Dutch steelmaker is close to an agreement to sell a majority stake in a large steel plant for about $450m, and secure about 2,000 jobs at the site Read more » UK to fare worst in recession, says IMF Jan 28 2009 21:41 The forecast came in a gloomy report saying the world economy would be suffering its worst performance this year, coinciding with the ILO predicting a loss of 18m-30m jobs globally Read more » Financial Times - US homepage Economic pain to be 'worst for 60 years' Jan 28 2009 20:48 The world economy in 2009 will suffer its worst performance since the second world war with a risk that 50m people will lose their jobs, international organisations have warned Read more » Banks boosted as Geithner talks of a clean-up Jan 29 2009 00:36 Beaten-down US bank stocks surged as new Treasury secretary, Tim Geithner, played down talk of nationalisation, fuelling hopes for a comprehensive clean-up of toxic assets on terms palatable to investors Read more » BofA bonus deferral anger Jan 29 2009 00:07 Bank of Americais planning to defer bonus payments to some investment banking staff this year – a move certain to inflame tensions between its employees and officials of newly acquired Merrill Lynch, executives familiar with the matter say Read more » Financial Times - Europe homepage Xstrata poised for large rights issue Jan 28 2009 23:10 Shares in the mining group fell 9% as expectations rose that it would be the latest UK company to tap shareholders for cash to bolster balance sheets strained by the downturn Read more » Economic pain to be 'worst for 60 years' Jan 28 2009 20:48 The world economy in 2009 will suffer its worst performance since the second world war with a risk that 50m people will lose their jobs, international organisations have warned Read more » Wen and Putin lecture western leaders Jan 28 2009 20:59 The leaders of China and Russia turned the tables on their western counterparts who have dictated the world's economic agenda, lecturing them for policy failures they said had led to the global financial crisis Read more » Financial Times - Asia homepage Economic pain to be 'worst for 60 years' Jan 28 2009 20:48 The world economy in 2009 will suffer its worst performance since the second world war with a risk that 50m people will lose their jobs, international organisations have warned Read more » New Zealand slashes interest rates to record low Jan 29 2009 02:38 New Zealand's central bank cuts its official rate by a larger than expected 1.5 percentage points, warning that the country was likely to remain in recession for much of 2009 Read more » Wen and Putin lecture western leaders Jan 28 2009 20:59 The leaders of China and Russia turned the tables on their western counterparts who have dictated the world's economic agenda, lecturing them for policy failures they said had led to the global financial crisis Read more » FT.com - World Economic pain to be 'worst for 60 years' Jan 28 2009 20:48 The world economy in 2009 will suffer its worst performance since the second world war with a risk that 50m people will lose their jobs, international organisations have warned Read more » Wen and Putin lecture western leaders Jan 28 2009 20:59 The leaders of China and Russia turned the tables on their western counterparts who have dictated the world's economic agenda, lecturing them for policy failures they said had led to the global financial crisis Read more » New Zealand slashes interest rates to record low Jan 29 2009 02:38 New Zealand's central bank cuts its official rate by a larger than expected 1.5 percentage points, warning that the country was likely to remain in recession for much of 2009 Read more » Tehran calls on US to apologise for past 'crimes' Jan 28 2009 22:47 President Mahmoud Ahmadi-Nejad called on the new US administration to apologise for what he called the "crimes they committed against the Iranian nation" if it truly sought a change in relations Read more » Banks boosted as Geithner talks of a clean-up Jan 29 2009 00:36 Beaten-down US bank stocks surged as new Treasury secretary, Tim Geithner, played down talk of nationalisation, fuelling hopes for a comprehensive clean-up of toxic assets on terms palatable to investors Read more » FT.com - Companies BofA bonus deferral anger Jan 29 2009 00:07 Bank of Americais planning to defer bonus payments to some investment banking staff this year – a move certain to inflame tensions between its employees and officials of newly acquired Merrill Lynch, executives familiar with the matter say Read more » Confessions of a market obsessive Jan 28 2009 23:41 The FT examines the steps taken by B. Ramalinga Raju, former Satyam chairman, that would put his company alongside Enron in the annals of corporate fraud Read more » Xstrata poised for large rights issue Jan 28 2009 23:10 Shares in the mining group fell 9% as expectations rose that it would be the latest UK company to tap shareholders for cash to bolster balance sheets strained by the downturn Read more » Corus set to sell stakes in steel plant Jan 28 2009 23:39 Corus, the Anglo-Dutch steelmaker is close to an agreement to sell a majority stake in a large steel plant for about $450m, and secure about 2,000 jobs at the site Read more » Wells Fargo hurt by Madoff fallout Jan 28 2009 18:48 Wells Fargo emerges as a surprise victim of the Bernard Madoff scandal, revealing a $294m loss caused by clients who defaulted on loans from the San Francisco-based bank after losing money in the alleged fraud Read more » FT.com - Financial Markets News Overview: Financials lifted as toxic-asset plans gather pace Jan 28 2009 22:28 Equity markets were sharply higher as hopes gathered pace that the new US administration was close to ring-fencing toxic assets Read more » Soros closes sterling shorts Jan 28 2009 17:11 The pound advanced on Wednesday after UK banking stocks surged following an upbeat assessment of Lloyds Banking Group, while comments from billionaire investor George Soros also lent support Read more » Wall Street buoyed by bank rescue hopes Jan 28 2009 21:42 US banking stocks enjoyed spectacular gains, helping the wider market extend its winning streak to four straight sessions – the longest since the government rescued Citigroup last November Read more » FTSE rallies as Lloyds leads banks Jan 28 2009 20:11 The recovery in banking stocks continued in London on Wednesday, with Lloyds Banking Group the main beneficiary after a broker upgrade Read more » Corporate debt appetite helps Nokia Jan 28 2009 22:52 Nokia tapped the vast appetite for corporate debt as it raised €1.75bn in five- and 10-year bonds in its first international deal. Read more » FT.com - Comment and analysis The humbling of Davos Man Jan 28 2009 19:04 The credit crisis turned out to be Wall Street's hurricane Katrina. It transpired financiers had no idea of the risks they were taking and could not stop their banks sinking in a storm. If they cannot do their own job, why should we let them do anything else, asks John Gapper Read more » America takes steps towards clean energy Jan 28 2009 18:59 We must invest in long-lasting, well-paid jobs that will expand our competitive capacity for decades, write Jeff Immelt and Jonathan Lash Read more » Why the Severn Barrage is not for the birds Jan 28 2009 20:06 The proposal, one of five tidal schemes shortlisted by the government for consultation this week, has huge advantages, writes Jonathan Guthrie Read more » Survive the credit crisis the Alpine way Jan 28 2009 19:11 Old-established areas of industry are capable of producing new jobs and wealth if managers and employees are adaptable, writes Peter Marsh Read more » Japan faces up to the prospect of 'peak fish' Jan 28 2009 19:18 The idea of a war over seafood is no more preposterous than that of a conflict over water or petroleum, writes David Pilling Read more » FT.com - Business Life Broadening leaders' minds Jan 28 2009 22:55 Business executives have some eye-opening, career-enhancing experiences when travelling to unusual, far-flung places Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. 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