Japan's exports nearly halved in January from a year earlier, pushing its trade deficit to the biggest on record, in further evidence that the global financial crisis is paralysing the world's second-largest economy. Exports... [full story]

The more they do, the worse it gets, and world headlines confirm it. Recent ones include: – The New York Times, February 17: “After Manhattan’s Office Boom, a Hard Fall;” – Washington Post,... [full story]

Harvard author and financial crisis guru Niall Ferguson has landed with a thud in Ottawa, spreading messages that could make even the most confident policy makers squirm. The global crisis is far from over, has only just... [full story]

Farms turned to dust, livestock starved to death and migrant workers toiled for pennies a day, sleeping in barns at night and eating mush. Children went without shoes in winter. “I never took a backward step in my... [full story]

After an 8-year period of remarkable stability, the ratio between gold and oil prices has broken down spectacularly. The relative rise in gold is consistent with other indications that the market is bracing for a delayed... [full story]

American International Group Inc, which was rescued twice last year by the U.S. government, is in talks with authorities for more aid as it looks to post its largest-ever quarterly loss, a source familiar with the matter... [full story]

Builders rushed into this one-time agricultural crossroads during the housing boom. They put up beige stucco houses on winding streets, with names like Heavenly Place and Good Vibrations Lane. They lured young people who... [full story]

Reporting from Los Angeles and New York -- Major U.S. stock market indexes tumbled more than 3% today to their lowest levels in more than a decade as confidence in the financial system and the overall economy continued to... [full story]

  British police are warning there could be a "summer of rage" if the economic crisis continues, the U.K.'s Guardian newspaper reported Monday. Metropolitan police superintendent David Hartshorn, who... [full story]

The Obama administration's bid to bolster trust in the country's largest banks has failed to quell fears of nationalization, more failures and an even deeper recession. U.S. stocks tumbled to their lowest level in nearly... [full story]