 | All times are London time: Friday Jan 30 2009
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 Financial Times - UK Homepage
Investor fury over Xstrata cash call
Jan 29 2009 21:12
The Anglo-Swiss miner faced an investor backlash over its plans to structure a £4.1bn rights issue in a way that heavily favoured its biggest shareholder, Glencore Read more »
Japan's production falls record 9.6%
Jan 30 2009 03:13
Japanese industrial production fell a record 9.6 percent in December, while core annual inflation almost evaporated, reinforcing expectations of a record economic contraction as the global financial crisis worsens Read more »
Welfare reform under scrutiny
Jan 29 2009 23:31
A flagship £1bn government programme to find jobs for people on sickness benefit is running 73 per cent short of its target – an unexpectedly bad outcome Read more »
Financial Times - US homepage
Obama slams Wall Street over bonuses
Jan 29 2009 23:22
Barack Obama on Thursday lashed out against 'shameful' Wall Street executives for claiming billions of dollars in bonuses even as their stricken institutions turned to taxpayers for support Read more »
Illinois Senate ousts Blagojevich
Jan 29 2009 23:03
Rod Blagojevich, the governor of Illinois accused of trying to sell President Barack Obama's vacant US Senate seat, was impeached in the state Senate Read more »
Japan's production falls record 9.6%
Jan 30 2009 03:13
Japanese industrial production fell a record 9.6 percent in December, while core annual inflation almost evaporated, reinforcing expectations of a record economic contraction as the global financial crisis worsens Read more »
Financial Times - Europe homepage
Trichet warns on capital hoarding
Jan 29 2009 19:15
The president of the European Central Bank criticised the prevailing view among investors that banks should hoard funds, saying such ideas did nothing to contain the recession Read more »
Erdogan storms out of Davos debate
Jan 29 2009 20:46
The World Economic Forum summit was rocked by a diplomatic fracas as the Turkish premier stormed off the stage after an emotional debate with Shimon Peres, Israel's president, in a session about Middle East peace Read more »
Investor fury over Xstrata cash call
Jan 29 2009 21:12
The Anglo-Swiss miner faced an investor backlash over its plans to structure a £4.1bn rights issue in a way that heavily favoured its biggest shareholder, Glencore Read more »
Financial Times - Asia homepage
Chinese premier defends currency policy
Jan 29 2009 18:34
Wen Jiabao has mounted a vigorous defence of the country's exchange rate policy, in Beijing's highest level response to criticism from Barack Obama's US administration Read more »
Japan's production falls record 9.6%
Jan 30 2009 03:13
Japanese industrial production fell a record 9.6 percent in December, while core annual inflation almost evaporated, reinforcing expectations of a record economic contraction as the global financial crisis worsens Read more »
Pyongyang scraps all accords with Seoul
Jan 30 2009 03:11
North Korea says it is terminating all agreements with its neighbour, the latest in a series of verbal attacks that analysts say are more aimed at grabbing the attention of Barack Obama Read more »
FT.com - World
Trichet warns on capital hoarding
Jan 29 2009 19:15
The president of the European Central Bank criticised the prevailing view among investors that banks should hoard funds, saying such ideas did nothing to contain the recession Read more »
Obama slams Wall Street over bonuses
Jan 29 2009 23:22
Barack Obama on Thursday lashed out against 'shameful' Wall Street executives for claiming billions of dollars in bonuses even as their stricken institutions turned to taxpayers for support Read more »
Pyongyang scraps all accords with Seoul
Jan 30 2009 03:11
North Korea says it is terminating all agreements with its neighbour, the latest in a series of verbal attacks that analysts say are more aimed at grabbing the attention of Barack Obama Read more »
Chinese premier defends currency policy
Jan 29 2009 18:34
Wen Jiabao has mounted a vigorous defence of the country's exchange rate policy, in Beijing's highest level response to criticism from Barack Obama's US administration Read more »
Japan's production falls record 9.6%
Jan 30 2009 03:13
Japanese industrial production fell a record 9.6 percent in December, while core annual inflation almost evaporated, reinforcing expectations of a record economic contraction as the global financial crisis worsens Read more »
FT.com - Companies
Ford to draw bank credit of $10.1bn
Jan 29 2009 18:28
Ford Motor reveals that is drawing down $10.1bn from its credit lines from its banks because of "concerns about the instability of the capital markets" Read more »
Xstrata launches £4bn rights issue
Jan 29 2009 11:35
The Swiss-based mining group launched a £4.1bn rights issue on Thursday to pay down debt and finance the acquisition of Prodeco Business, a thermal coal group, from Glencore, the Swiss commodities trader and Xstata's largest shareholder, for $2bn Read more »
UBS bankers face 80% bonus cut
Jan 29 2009 20:37
UBS bankers were reeling on Thursday after the Swiss government said the bank would have to slash bonuses by more than 80 per cent after taking state assistance Read more »
Kuwaiti bank reimburses Madoff losses
Jan 29 2009 23:31
The National Bank of Kuwait has fully reimbursed all its clients who lost money in the alleged $50bn Ponzi scheme run by New York broker Bernard Madoff, banking sources say Read more »
Shell's fourth-quarter profits tumble
Jan 29 2009 22:50
The tumbling price of crude hit fourth-quarter profits at Europe's largest oil group but the annual figure of $31.4bn was a record for a European company Read more »
FT.com - Financial Markets News
Overview: Equities retreat after risk appetite evaporates
Jan 29 2009 22:28
US and European equity markets retreat and the dollar and Japanese yen rally as signs of improved investor risk appetite appear to fade Read more »
Asian shares snap 4-day winning streak
Jan 30 2009 04:15
Asian stocks snapped a four-day winning streak and the yen and U.S. dollar rose as investors retreated to safety with job losses accelerating globally while Washington scrambled to finalise a fix for banks Read more »
Wall St falls on glum data and earnings
Jan 29 2009 22:18
A glut of economic data that was even worse than expected conspired with a fresh batch of downbeat earnings to help snap Wall Street stocks' four-session winning streak Read more »
Steep drop in world wheat crop forecast
Jan 29 2009 18:10
The world's wheat harvest is likely to "fall sharply" in 2009-10 as farmers cut the acreage devoted to the cereal, the International Grains Council said in its first forecast for the incoming crop Read more »
US Democrats draft plan to curb CDS trade
Jan 29 2009 20:34
Draft legislation that would outlaw most types of credit derivatives trading deals a potential blow to the $30,000bn sector Read more »
FT.com - Comment and analysis
The president's men will test White House resolve
Jan 29 2009 19:32
To succeed as Barack Obama's special envoys to the Middle East and Afghanistan/Pakistan respectively, both George Mitchell and Richard Holbrooke will need the authority of the president when the going gets tough, writes Philip Stephens Read more »
A proposal to prevent wholesale financial failure
Jan 29 2009 19:35
Bank regulation, such as the Basel accord, ignores systemic risk since it analyses the risk of each bank in isolation, write Lasse Pedersen and Nouriel Roubini Read more »
Deflation is the wrong enemy
Jan 29 2009 18:49
A sustained period of falling prices has sometimes been associated with falling output, but not always, writes Samuel Brittan Read more »
Why this hysteria about sterling is misplaced
Jan 29 2009 19:31
Sterling may decline further, mercifully. But it is hysterical to imagine that a debt default and currency crisis are likely, writes George Magnus Read more »
FT.com - Business Life
Lessons in repelling pirates
Jan 29 2009 20:33
The owners of vessels travelling through the high-risk Gulf of Aden can take steps to counter the threat of hijack Read more »
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