Inside Business
Unemployment rockets towards three million
Jobless total rising at fastest rate since 1991; Value of pound falls as confidence plummets
- Moneysupermarket head to hand over reins
- BAA loses fight to keep Gatwick and Stansted
- Anglo-American cuts capex plans
- Morgan Stanley posts $2.2bn loss in fourth quarter
- MPC minutes reveal fears over sterling slowed interest rate cuts
- Libor falls after US cut in rates
- Permira investors redeem 13 per cent of €11.1bn fund
Jeremy Warner: Desperation Fed enters zero interest rate territory
Outlook So that's it, then. With one great blast, the US Federal Reserve has fired off all that remains in the monetary cannon, reducing the Fed Funds rate to an unprecedented 0 to 0.25 per cent. In fact, this is only acknowledgement of what has been happening in the marketplace anyway. The Fed Fund rate has in practice been at around 0.3 per cent for some weeks now, not withstanding the official target rate of 1 per cent. Even so, there is no doubting the significance of yesterday's policy action. Zero per cent interest rates sont arrivés. Britain and perhaps even Europe may not be far behind.
- Jeremy Warner: Way forward for the Royal Mail
- Jeremy Warner: Excessive pay is not yet dead
- Jeremy Warner: Investors should have looked at Madoff's golf scores
- Jeremy Warner: The Lehman's collapse: not such a disaster really
- Stephen King: First the Chinese accumulated dollars, now everyone is joining the stampede
Goldman Sachs humbled
The Wall Street giant announced its first quarterly loss in a decade and its stock has plummeted by two-thirds this year. So, how did the mighty institution fall? Mathieu Robbins reports
- Feted by the rich, Madoff was a schemer supreme
- Madoff's kiss of death for hedge funds
- Market Report: Traders turned off Drax by power price fears
- So the pound is just falling to 'fair value'. What if it can't stop?
- Is 'QE' the cure for our financial crisis?
- Lonely log on to find love in a cold climate
Investment Column: Oil volatility splinters Wood's confidence
Serco Group; Advanced Medical Solutions
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Read
1 The man who conned the world
2 Woolworths shutdown set for 5 January
3 Stephen King: First the Chinese accumulated dollars, now everyone is joining the stampede
4 Sterling slips to new euro low
5 ABN deals left RBS exposed to Madoff
6 National Express to axe 750 jobs
7 US slashes interest rates to new zero-0.25% range
8 Jeremy Warner: Investors should have looked at Madoff's golf scores
9 Feted by the rich, Madoff was a schemer supreme
10 Jeremy Warner: Desperation Fed enters zero interest rate territory
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Imagine being shown round the Great Hall of Quentin Court, or wherever it is that the Procurement Minister lives
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