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World News
From The Financial Times
- McCain and Obama clash over economy
- John McCain and Barack Obama met for their first televised debate since the campaign soured into a string of personal attacks from the rival campaigns about the past associations of the candidates
- Fed to start buying commercial paper
- Ben Bernanke, Federal Reserve chairman, opened the door to possible interest rate cuts after the central bank announced it would buy short-term debt from banks and corporations in an unprecedented attempt to unfreeze money markets
- Rivals dig up past as campaign turns ugly
- The McCain and Obama camps were trawling in the murkier waters of recent US history as the presidential race turned increasingly negative
- Fed plan to buy commercial paper may ease costs
- The Fed scheme to buy up paper may help to ease borrowing costs and liquidity pressures on struggling US businesses, large and small, reassuring investors
- FDIC to double fees in face of $40bn loss
- US banks will see their insurance fees double in the first quarter of 2009, from between 5 cents and 7 cents for each $100 of deposits to between 12 cents and 14 cents
- States seek federal aid as market dries up
- Jefferson County, Alabama, joins California and Massachusetts in contacting Treasury officials about financial help as the credit crisis takes its toll on public finance
- Bloomberg keen to ride the storm
- The billionaire businessman is making a risky move to change the law so he can remain at the tiller as New York's economy heads for the rocks
- Ruling on Chinese hits Bush prison policy
- A US court has ordered the immediate release of 17 Chinese Uighurs who have been imprisoned at Guantánamo Bay since 2002, in a landmark decision that deals another blow to the Bush administration's detainee policy
- Republicans go after youth vote
- At a time when John McCain is slipping behind in the polls and university students overwhelmingly favour Barack Obama, college Republicans are boosting their efforts across college campuses to help their candidate capture more of the youth vote
- Kenya deports Obama book author
- The American author of an inflammatory book about Barack Obama was being deported from Kenya to prevent him from launching his work in the home country of the presidential candidate's father
- Obama lead forces McCain on to attack
- An increasingly frantic Republican party, which has watched Barack Obama restore a strong lead, has indicated that it plans to "take off the gloves" – in the words of Sarah Palin – by questioning Mr Obama's patriotism
- Fed takes steps to bolster liquidity
- The Federal Reserve said it would increase the size of its key TAF lending facility to commercial banks, pay interest on excess reserves to smooth liquidity operations, and allow money market funds to borrow via banks to fund their holdings of commercial paper
- Medvedev turns on charm in video podcast
- Barely a month has passed since Dmitry Medvedev, Russia's president, steely eyed and jaw set, announced that he was not afraid of a new cold war with the west, and...
- Beijing halts talks with US over arms sales to Taiwan
- China has cancelled a series of military exchanges with the Pentagon following a US decision to move forward with $6.5bn in long-delayed weapons sales to Taiwan. The...
- Bloomberg fights to stay on
- The fortunes of New York mayors have often risen and fallen with the cycle of boom and bust on Wall Street. Michael Bloomberg, the incumbent and one of its most...
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