Clash over $700bn bank bail-out
US Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke defend the $700bn bank bail-out plan.
Citigroup job cull to hit 75,000
US bank Citigroup announces plans for about 52,000 new job cuts, on top of 23,000 cuts already made this year.
Into the red
Fine wine prices fall as economic woes hit the super rich
Japanese economy now in recession
Japan’s economy falls into its first recession since 2001 after shrinking by 0.1% in the July to September quarter.
Leaders welcome G20 action plan
World leaders welcome the outcome of the G20 summit but some observers say the action plan does not go far enough.