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More debt shocks
Some of the Dubai jitters eased, but there will be plenty more debt shocks down the road – not least in the US, writes Aline van Duyn
Principal content
Australia raises rates for third consecutive month
Australia’s central bank lifted interest rates for a third consecutive month amid signs that inflationary pressures were building in an economy expected to return to “trend” growth of 3.25 per cent next year
Dollar dips as fears over Dubai recede
The dollar lost ground after the UAE’s central bank said it would stand behind local banks and foreign financial institutions with exposure to the region
Analysis: Retread required
New world order: The economic crisis has revealed the failings of global organisations, yet efforts to overhaul international governance face obstacles from entrenched interests
Lex: Capital controls
Governments have been experimenting with various measures to stem speculative money, but suddenly the control freaks don’t look so clever
View of the Day: Sterling under renewed pressure
Simon Derrick, strategist at Bank of New York Mellon says the shock from the Dubai debt crisis could have an effect on Britain’s triple A status
Eurozone inflation turns positive
Eurozone annual inflation has turned positive for the first time in seven months but is still undershooting the European Central Bank’s goal by a wide margin
Rebuff for EU in push for strong renminbi
European officials failed to persuade Beijing to begin strengthening its currency, despite ‘frank’ talks between top officials ahead of the EU-China summit in Nanjing
Opinion: We must get ready for a weak-dollar world
Should governments manage the transition to a new era, or let the market do it, with the risk of massive financial disturbances. Soon they may not have a choice, writes Jeffrey Garten
Fujii warns about ‘one-sided’ currency movements
Japan’s finance minister strengthens his remarks about the weakening dollar and says he will contact authorities in the US and Europe if necessary
Eurozone business lending squeezed
Bank lending to the private sector is slowing in the Eurozone, despite the pick-up in economic growth, official figures show
