Economic Outlook: Policymakers confront awkward home truths
Money markets were displaying continued signs of stress last week and US rates are expected to be reduced further at the April 30 meeting, but fears that the Fed is running out of ammunition to deal with the credit crunch are mounting
S&P; cuts FGIC rating to junk
The challenges facing FGIC have deepened after Standard & Poor's cut the bond insurer's rating into junk territory and said the insurance provided by FGIC was now in effect worthless
Swiss Islamic bank planned
The continued boom in bank products compliant with Islam has spurred plans to set up a new financial institution in Switzerland based on the tenets of the faith
Investors pull $100bn out of equity funds
Investors worldwide pulled close to $100bn (€63.3bn) out of equity funds in the first three months of this year – a record shift that accelerates a longer-term trend away from US and western European stock markets
Moves to speed derivative trade processing
Dealers and investors in the $45,000bn credit derivatives market on Thursday took steps to address heightened regulatory concerns about the industry's ability to cope with soaring trade volumes
Sovereign wealth funds grow 18%
Sovereign wealth funds grew 18 per cent last year as commodity prices surged and the foreign exchange reserves of some Asian countries continued to rise, according to research from a City of London think-tank
Deutsche Börse to lift gearing
Deutsche Börse is preparing to make good on a pledge to shareholders by paving the way to return more cash to them and gear up with more debt
Lehman set to sue Marubeni for Y35bn
Lehman Brothers plans to sue one of Japan's biggest trading firms for $352m after the US investment bank fell victim to an alleged fraud perpetrated by two former employees of Marubeni
Overview: Money market strains persist
A review of developments in global financial markets this week which saw a tentative recovery in stock markets but continued signs of stress in money markets
Numbers disguise mixed week for Wall Street
Wall Street stocks ended the session and the week down in a relatively calm period of trading after the massive swings and disruptions of the previous week
FTSE falls as retailers retreat
The slowing housing market and news that consumer confidence in the UK is at its lowest for 15 years weighed on London's market
Oil slides after Iraq supplies restored
Commodity markets staged an encouraging rebound after a broad-based sell-off in the previous week, with energy, base metals and gold recovering most of their losses
Europe positive after central banks act
European shares made strong headway this week, boosted by a positive mood on Wall Street and reassurance from central banks in Europe that they would support money markets
Euro rallies on upbeat sentiment
The euro rallied sharply this week as figures showed the eurozone economy was weathering the current turmoil on financial markets better than expected
On Europe: To Iceland from Hong Kong
Hong Kong could offer some important lessons for Iceland as its banking system comes under attack from international speculators, writes David Ibison