World

  • Wholesale inflation crisis in US

    US financial markets have been jolted out of complacency that falling oil prices would arrest inflation pressures, with a surge in US wholesale prices in July.

  • Kitney: Feeding time for the bad-news bears

    Not since the fall of the Berlin Wall has so much changed so quickly

  • Close polls put Obama on attack

    Barack Obama has embarked on a new phase in his campaign for the presidency, sharpening his attacks on Republican rival John McCain and seeking to draw clearer distinctions between them as the latest polls show the race in a virtual dead heat.

  • Five big shocks to come, says Goldman

    The United States' biggest investment banks could report some of their biggest quarterly losses yet as lingering credit concerns defer any quick recovery in financial stocks.

  • Bank of Japan lifts the shroud

    Bank of Japan governor Masaaki Shirakawa, after four months in the job, is making one of the most opaque central banks more transparent.

  • Briefs

    Forex relaxationChina will widen foreign exchange services for individuals in Beijing and Shanghai to meet rising demand for buying and selling currency

  • Project delays to slash LNG supplies

    Delays in liquefied natural gas ventures led by Exxon Mobil and Chevron may cut global supplies by 100 million tonnes, more than the annual demand of South Korea and Japan, the world's biggest importers.

  • Briefs

    World confidence down

  • Seeds of confusion sprout in Pakistan

    Political order in Pakistan frayed further yesterday after president Pervez Musharraf resigned, raising questions about who in the deeply divided civilian government would be in charge and for how long.

RTC model

The US appears to be putting its houses - Fannie and Freddie - in order, writes Glenn Mumford.