Volcker: Big banks’ risky trading should be curbed

Continental Airlines and Southwest Airlines results topped Wall Street estimates as more people booked flights and ticket prices rose, but the airlines said the path to recovery would be rough.

Wang Zihua’s last pay rise was two years ago and the 56-year-old post office worker in the northern Chinese city of Harbin is concerned his 1,200 yuan monthly salary is being eaten away by rising prices.

China’s diesel exports for January and February liftings could ease from record December levels, due to traditional stockpiling ahead of the Lunar New Year, traders announce

Eritrea’s fledgling mining sector is unlikely to be affected by UN sanctions on the Red Sea state, the general manager of Bisha mine, run by Canada’s Nevsun Resources, says

UN aid agencies will launch an emergency appeal for approximately $550m to help survivors of the earthquake in Haiti, a UN spokeswoman said.

Bank of America Corp will likely pay some employees at its investment bank at levels significantly above last year, although there will be no record payouts, a spokesman said

Blue-chip companies may have to suffer for crimes they did not commit, reports Natasha de Terán

The US Treasury has put forward a plan to bail out the country’s chaotic banking sector. Will it work?

How badly will the fraud at Satyam damage the reputation of corporate India?

The credit crunch is likely to result in more regulation and increased litigation, writes Neil Baker

We almost titled this ‘Who Framed Wall Street?’, and then decided that it was an almost too subtle homage to Roger Rabbit’s cartoon farce. Besides, no-one’s framed Wall Street, it brought the mess on itself. Dani Rodrik provides the analysis

Banks say they are over the worst, but forecasts indicate that the global economy will struggle to recover from the damage done by the credit crunch. So what, exactly, is the prognosis?

As Russia’s new president Dmitry Medvedev settles into his new office in the Kremlin, Matt Jones considers the work that lies ahead of him

An ageing population will limit economic growth, unless governments take action soon, the IMF has warned