The euro remained under downward pressure amid worries that Ireland’s financial crisis will spread to other indebted euro-zone countries. LCH.Clearnet, a clearing-house, increased its margin requirements for trading in Irish government debt for the third time in recent weeks.
A member of the European Central Bank’s council, Axel Weber, said the European Union-led €750 billion ($1 trillion) bail-out fund for EU countries could be expanded if that were necessary to restore confidence in the euro.
Vodafone and other mobile-phone operators in India may each have to pay more than $1 billion to its government, which has been accused of greatly undervaluing the second-generation licences it issued in 2008.
In our latest weekly audio programme: Chinese inflation, the backlash against America's Federal Reserve and the bail-out of Ireland
Babbage
Scale model
The latest on an exciting project that relies on crowdfunding to launch a new product
Gulliver
The joy of baggage
Heathrow gets to grips with Terminal 5's baggage problem
Buttonwood's notebook
Fin de siècle
The era of independent central banks may be ending
Do managers need to think? And if so, how and where? (The Economist Intelligence Unit)
Steven Rattner's inside story on the rescue of America's Big Three carmakers (New Yorker)
"The Blundering Herd"—The downfall of Merrill Lynch (Vanity Fair)
How the markets rate the solvency of American states compared with European countries More »
Our food-price index shows that food is still cheaper than it was 30 years ago More »
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It is hard to see what Irish people are so cross about. Certainly the government made misleading statements—but so does, and perhaps must, any government in such a crisis
More »The Irish government are standing up to Brussels because they want to push the bail-out until after the general election, so that they (Fianna Fail, who are going to lose) can say "we didn't go the IMF"
More »This article proves Keith Richards is more than just a pretty face!
More »Seems it's just like marriage? You look at some couples and think "what on earth do they have in common?"—yet they're still together 50 years on
More »Maybe the EU should learn from the US: just print 600 billion euros to buy its debt! Not enough? Print another 600 trillion!
More »No global government means no global central bank, which means no global currency. This is the irony, that we are searching for the mirage of international financial [government without] political union
More »What should be better controlled is the structure of pay. Bonuses should be payable over several years and subject to clawback for future poor performance by the firm or individual
More »Nobody in Canada is saying BHP shouldn't come and invest $14+ billion in opening up [its] huge Jansen potash mine in Saskatchewan, which would put massive price pressures on the Canadian producers
More »Time to open up the aviation routes. Enough of national carriers taking our money and not providing service. Shape up or ship out!
More »More lawyers, more laws and lawsuits, this is the type of "growth" which the Democrats seem to understand best. Such values are so not Silicon Valley
More »