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  • Breaking news

Principal content

Iran puts British sailors on television

Iran broadcast pictures of 15 captured British naval personnel who they said had ’trespassed’ into Iranian waters. Tehran also released a letter from Leading Seaman Faye Turney, the only woman in the party, in which she apologised for apparently entering Iranian territory.

Bernanke plays down need for rate cuts

Fed chief emphasises inflation bias

Merck winds battle over drug patent

Fosamax patent reinstated in Europe

Related content and features

Sony’s PS3 has record launch in Europe

600,000 sold in two days

Reding targets telecoms groups

Move to separate networks from services

Siemens shocked by latest arrest

Anger over Feldmayer allegations

GM backs away from Chrysler bid

Carmaker may enter bidding after first round

SAP hit by loss of research chief

Shai Agassi was long tipped as future CEO

Lords wreck plans for super-casino

UK’s gambling policy in tatters

Rearrest of MDC leader sparks criticism

President Mugabe attends regional meeting

Lex

US housing

Image

Those hoping for a swift revival in US housing have had a miserable few weeks. That has been depressing for bullish commentators.

European view

Time to call truce in Spanish trench warfare

European comment

History shows that trench warfare never got anybody anywhere. It is surely time for rival bidders Eon, Enel and Acciona to end their hand-to-hand combat over Endesa, the Spanish utility.

Markets

‘Random walk’ theory, markets and the Fed

John Authers

The theory of ‘random walk’, whereby stocks and securities incorporate all relevant information, aptly describes how markets followed the Fed, writes John Authers.

Analysis

Why many are wary of megabank mergers

eu banking

Are big banks better than small ones? Barclays and ABN Amro are prompting questions about the economies of scale that the largest lenders can achieve.

Comment

The historian shielding Bush from reality

Jacob weisberg

A great popular historian can spin a yarn while revealing complexities. Andrew Roberts does one but not the other, says Jacob Weisberg.

A ringside view of history in the making

Guy de Jonquieres

In his final column for the FT, Guy de Jonquières explodes some myths and makes predictions after 39 years covering Asia.


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World Retail Congress

Terry Leahy

Exclusive video interview with Terry Leahy. Plus Bijou Kurien of Reliance Industries

Banking mergers

Peter Thal Larsen

Is bigger really better? Peter Thal Larsen on the possible Barclays - ABN Amro and other deals

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‘If this was the US instead, it would be war.’ Dan Dombey gives his view

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