Greeks threaten default on IMF payment

Government cannot raise enough money to pay pensions and creditors

Hanergy secured $200m loan before stock fell

Solar tycoon pledged millions of shares before Hanergy crashes

Bank of England faces quiz over ‘Project Bookend’

Treasury committee wants to see Brexit contingency plans

China brokers’ capital rush fuels margin-fed rally

Record fundraisings ploughed back into loans to invest in market

Land of heart’s desire: Shock of Irish gay vote

Result turns on its head the old stereotype of Ireland as a conservative nation

Forex banks face more pain from US

Lawmakers challenge exemptions for managing retirement accounts

Rail unions consider offer in pay fight

Walkout suspended after employers make significant concessions

Su Blackwell, 30th anniversary Weekend FT.

Tories rule out making sackings easier

Sajid Javid rejects idea as party seeks to woo the workers

Oil price slide puts producers under pressure

Bankruptcies, debt defaults and rescue measures rise

GSK chief given time to restore growth

Shareholders warn growth must ‘revive by next year’

Yemen offensive sparks Saudi jingoism

New Middle East order feeds sectarian fervour

Comment & Analysis

A prototype for the Lowline, a one-acre civic space to be built on the site of a disused trolley car terminal in New York’s Lower East Side
©Cameron Neilson

Growing underground in New York

Beneath a one-acre site in Manhattan, one architect is planning to build the Lowline — the world’s first subterranean park

Haiti: Rising from the rubble

Much has been rebuilt since the 2010 earthquake, but it is more difficult to ensure the country’s economic future

America’s disappointing economic recovery

US Fed is wise to keep its options open at a time of very mixed data

Best comments from our readers

"I think CDS desensitise lenders/arrangers to credit risk. It's like having a quickie divorce available after a drunken wedding in Las Vegas. Debt should be like a marriage with each party knowing it is to a large extent binding. Without the quickie "out" that CDS offer, credit risk would have been respected more and less credit would have been extended."
By Stuttgart88 on Credit derivatives deserve a revival but only if financiers grow up

"'Voters are, quite rationally, rather ignorant about politics.' Well, indeed. Which is why I always feel slightly uncomfortable when people accuse our representatives of being 'career politicians'. Since governing a developed country is a challenging job, who'd want an amateur politician?"
By Olaf von Rein on Why democratic elections are always flawed

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