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Yesterday, the Japanese financial sector appeared substantially insulated against the global financial crisis. Today, it's at the heart of it with the insolvency of privately-held life insurer Yamato Life Insurance Company.

The small gains or losses in Asia Pac markets yesterday (see Asia Pac markets respond, others don't ) were all for nothing as markets from Singapore to Sydney follow, lemming-like, New York's losses after the Asia Pac close. Are intervention and...

The New York Federal Reserve has agreed to inject a further USD37.8 milliard into AIG to keep it going, just a month after the company was effectively nationalised with the p...

"Despicable." Congressional committee calls for AIG executives to be fired for profligate waste of bail-out money.

Whether AsiaPac markets have responded to interest rate cuts, were not so overvalued as first thought, have found their floor or are just having a dead cat bounce will become clear in the next few hours. But last night's signs were encouraging i...

Gordon Brown brushed aside his puppet Chancellor yesterday to present the UK Treasury's plans to support the UK financial services industry. In a...

Last night, Iceland's prime minister was visibly shaking as he answered a reporter's question as to whether Kaupthing, Iceland's largest bank was...

Americans have had it their own way for too long and now it's surely time to start using the correct terms for numbers - after all, the profligat...

Reforming Malaysian Prime Minister's opponents have succeeded in securing his early departure. Last night, Abdullah Badawi announced that he will...

More banks will fail, warned US Secretary to the Treasury in a speech last...