The US housing finance agency is to sue more than a dozen banks over the quality of mortgages sold during the housing bubble, reports say.
The price of gold crosses the $1,900 an ounce mark for the first time on growing concerns about a slowdown in the global economy.
France's Christine Lagarde is to become the first female managing director of the IMF, at a time of heightened global financial nerves. In a television interview after her appointment, Ms Lagarde pressed Greece to move quickly to push through unpopular austerity measures that the IMF and EU had said were a prerequisite for further aid. Greece subsequently approved the measures. In my view, this is simply a case of musical chairs. The real issue is not being dealt with - yet, and it will inevitably rise to the fore once again...
Short squeeze in dollar pulls euro off 1-mth highs. Expected rate hike by ECB to keep euro dips shallow. According to this article, The euro is set to pullback after a six day minor rally against USD, after meeting resistance around the one-month high level. Some traders cited talk that U.S. companies such as Pfizer could repatriate dollars earned overseas to take advantage of a proposed U.S. tax break as helping to push the euro below $1.4500.
Volatility in equity markets has seen investors shift from high risk assets to commodities. But is this the smart investment? Experts give their views on the hot commodities of the day.
Standard & Poor's warns that it could downgrade US government debt due to concerns about its growing deficit, hitting markets around the world.
Royal Bank of Scotland reports a loss of £1.13bn for 2010, a bigger figure than analysts had been expecting.