 | All times are London time: Thursday Jan 22 2009
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 Financial Times - UK Homepage
Economy fears spark plunge in sterling
Jan 21 2009 21:55
The pound has plunged to its lowest level against the dollar since 1985 amid growing fears for the economy and uncertainty about the government's banking support package Read more »
FSA briefs auditors on banks
Jan 21 2009 23:49
The City watchdog is in talks with high-ranking auditors to ensure that banks are not destabilised by accountants Read more »
Why we need strong commercial banks
Jan 21 2009 20:14
The capacity for soundly managed banks and markets to support the generation of wealth in the economy could never be matched by the public sector, writes Paul Myners Read more »
Financial Times - US homepage
AIG starts $20bn auction of Asian unit
Jan 21 2009 23:30
AIG, the stricken insurance giant, kicks off the sale of its Asian life assurance unit – one of its most prized assets – in the hope of raising up to $20bn to help repay the $60bn US government loan that is keeping the group alive Read more »
Obama ushers in an 'era of openness'
Jan 21 2009 21:35
President marks first full day by imposing a pay freeze on senior White House staff and ordering tough ethics rules Read more »
China's economy slows sharply as crisis bites
Jan 22 2009 02:25
China's economic growth slumped to 6.8 per cent last quarter, dragging down the pace of expansion for all of 2008 to a seven-year low of 9 per cent as the full force of the global financial crisis struck home Read more »
Financial Times - Europe homepage
Banks ask for crisis funds for E Europe
Jan 21 2009 23:36
Nine international banks operating in central and eastern Europe have asked the EU and the European Central Bank to extend their anti-crisis policies to ease the credit crunch in the region Read more »
China's economy slows sharply as crisis bites
Jan 22 2009 02:25
China's economic growth slumped to 6.8 per cent last quarter, dragging down the pace of expansion for all of 2008 to a seven-year low of 9 per cent as the full force of the global financial crisis struck home Read more »
Rusal weighs 'standstill' plea
Jan 21 2009 23:30
The aluminium group is looking for more time from its foreign banks in order for it to restructure its $17bn debts Read more »
Financial Times - Asia homepage
AIG starts $20bn auction of Asian unit
Jan 21 2009 23:30
AIG, the stricken insurance giant, kicks off the sale of its Asian life assurance unit – one of its most prized assets – in the hope of raising up to $20bn to help repay the $60bn US government loan that is keeping the group alive Read more »
China's economy slows sharply as crisis bites
Jan 22 2009 02:25
China's economic growth slumped to 6.8 per cent last quarter, dragging down the pace of expansion for all of 2008 to a seven-year low of 9 per cent as the full force of the global financial crisis struck home Read more »
Obama ushers in an 'era of openness'
Jan 21 2009 21:35
President marks first full day by imposing a pay freeze on senior White House staff and ordering tough ethics rules Read more »
FT.com - World
Obama ushers in an 'era of openness'
Jan 21 2009 21:35
President marks first full day by imposing a pay freeze on senior White House staff and ordering tough ethics rules Read more »
China's economy slows sharply as crisis bites
Jan 22 2009 02:25
China's economic growth slumped to 6.8 per cent last quarter, dragging down the pace of expansion for all of 2008 to a seven-year low of 9 per cent as the full force of the global financial crisis struck home Read more »
Geithner pledges 'dramatic' action
Jan 21 2009 19:36
The Obama administration will take action on a "dramatic scale" to revive credit markets and strengthen banks so they are able to lend, Treasury secretary-designate Tim Geithner said Read more »
Banks ask for crisis funds for E Europe
Jan 21 2009 23:36
Nine international banks operating in central and eastern Europe have asked the EU and the European Central Bank to extend their anti-crisis policies to ease the credit crunch in the region Read more »
Economy fears spark plunge in sterling
Jan 21 2009 21:55
The pound has plunged to its lowest level against the dollar since 1985 amid growing fears for the economy and uncertainty about the government's banking support package Read more »
FT.com - Companies
AIG starts $20bn auction of Asian unit
Jan 21 2009 23:30
AIG, the stricken insurance giant, kicks off the sale of its Asian life assurance unit – one of its most prized assets – in the hope of raising up to $20bn to help repay the $60bn US government loan that is keeping the group alive Read more »
Merrill delivered bonuses before BofA deal
Jan 21 2009 23:52
Merrill Lynch took the unusual step of accelerating bonus payments by a month last year, doling out billions of dollars to employees just three days before the closing of its sale to Bank of America Read more »
Ex-Time Warner chief takes over as Citi chairman
Jan 22 2009 01:04
Richard Parsons will now take over as chairman of the bank and he has already called on the Obama administration not to nationalise the country's banks Read more »
Apple escapes downturn as iPod sales grow
Jan 22 2009 01:26
Apple reports record sales of its iPod media players, while iPhone unit sales were up 88% compared with a year ago and Mac computer sales rose 9%. Read more »
Intel to close its last Silicon Valley plant
Jan 22 2009 00:27
The move is part of a wider series of closures that will lead to the loss of up to 6,000 jobs. It follows an unexpectedly severe slump in chip demand in recent weeks Read more »
FT.com - Financial Markets News
Overview: Fears over banks and economy spark volatility
Jan 21 2009 18:29
Early Wall Street rally stutters and sterling hits a 23-year low against the dollar Read more »
Asian stocks edge higher as banks rebound
Jan 22 2009 03:17
Asia stocks clung to small gains, with investors reassured after bank shares fuelled a Wall Street rally, while safe-haven trades such as the yen and US Treasuries also rose Read more »
Sterling hits 23-year low against dollar
Jan 21 2009 23:03
Concerns about the UK financial system continue to undermine sterling Read more »
Banking stocks lead Wall Street recovery
Jan 21 2009 21:43
Banking stocks led a strong recovery on Wall Street on Wednesday after a raft of earnings, some not as dire as feared, attracted bargain hunters back to the battered sector Read more »
Jim Rogers: 'UK has nothing to sell'
Jan 21 2009 16:07
The chairman of Rogers Holdings and co-founder of the Quantum Fund with George Soros said the pound has no underpinning because the UK has nothing to sell and will fall further against the euro and the dollar Read more »
FT.com - Comment and analysis
Nationalisation is not a panacea
Jan 21 2009 20:03
Governments are bad owners for banks, writes John Gapper. They are conflicted because, although politicians like to castigate bankers for risk-taking, they also push them to lend freely. Also, a full public recapitalisation in the US or UK would be enormously costly Read more »
Why we need strong commercial banks
Jan 21 2009 20:14
The capacity for soundly managed banks and markets to support the generation of wealth in the economy could never be matched by the public sector, writes Paul Myners Read more »
America's banks need to hold a yard sale
Jan 21 2009 19:33
They must be forced to sell assets that could raise capital and provide some tax relief to taxpayers, writes Meredith Whitney Read more »
Debt dodgers revel in return of the phoenix
Jan 21 2009 19:46
The market created for quickie administrations known as 'pre-packs' has surged as the economy has slumped, writes Jonathan Guthrie Read more »
Japan's new carry trade – the handbag
Jan 21 2009 19:07
Pro-spending policies are needed more than ever to help fix the imbalances that underpinned the credit-fuelled bubble, writes David Pilling Read more »
FT.com - Business Life
New corporate firefighters
Jan 21 2009 20:55
As the blogosphere becomes a powerful forum for censure and praise, companies are learning how to influence what is said Read more »
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