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Guidelines for financial journalists

Falling demand hits BASF profit
The world's largest chemicals firm, BASF, reduces its profit forecast and says it will cut production because of a huge fall in demand.
Motor City: From Motown to no-hope town

It is the same odd realisation that overwhelms you at the great ruins of Central America or ancient Europe, the pyramids of Teotihuacan in Mexico or the labyrinthine streets of Ephesus in Turkey – the sense that a bustling civilisation, a hive of industry, need not even be destroyed to fall into ruin. It can just be abandoned.

Consortium told £950m Trillium buyout will be 'over by Christmas'

Land Securities, the FTSE 100 property giant, has told the consortium bidding for its Trillium outsourcing division that it hopes to conclude the £950m deal around Christmas.

Margareta Pagano: We could come out of this crisis in much better shape

Is all this gloomy talk making things much worse? This may seem a little odd to ask after a week in which more than 20,000 people lost their jobs. On Friday another 3,000 jobs went at Royal Bank of Scotland while Citibank said it was slashing 10,000 jobs , many of them at Canary Wharf. Two more banks, Clydesdale and Yorkshire, are planning to cut 350 jobs and many more thousands will go from financial services.

Bank hints at further rate cuts
Expectations of another rate cut rise after the release of minutes from the Bank of England meeting which slashed rates to 3%.
Leaders united by desire to avoid repeat of credit crisis

The leaders of the G20 most powerful nations gathered in Washington last night to plan a new era of international co-operation aimed at preventing a repeat of the financial crisis that has engulfed the global economy.

Stephen King: Another British currency crisis – it's enough to make you feel nostalgic

Stick your head out of the window, inhale deeply, and enjoy the sweet, yet sickly, scent of nostalgia. It's everywhere. On a Saturday night, you can settle down in front of the television to watch the X Factor or Strictly Come Dancing, throwbacks to the days of Opportunity Knocks, New Faces and the BBC's Seaside Special. You can bask in the reflected glory of our summer Olympians who won the most British medals since the 1908 Olympics when the tug o' war was, apparently, taken rather seriously. Or you can look at sterling's sudden collapse and think of the seemingly countless occasions when Britain's economic prospects were undone as a result of a currency crisis.

David Prosser: The fightback of sterling may be shortlived

George Osborne may have spent much of Sunday furiously insisting he was perfectly within his rights to tell the world he thought the Government's economic policies might trigger a run on the pound, but he will still have breathed a sigh of relief when sterling staged a modest recovery yesterday.

Credit crisis diary: Jamie picks the wrong time to expand

The Diary bows to no one in its admiration for the "naked chef", right, but is it possible that Jamie Oliver's sense of timing has gone awry? Fresh from a gruelling stint persuading the people of Rotherham to eat more healthily, Oliver's next venture will be in a slightly more glamorous location. He plans a trendy new eatery in Canary Wharf. Shame the once-bustling malls beneath Docklands' finest investment banks are now beginning to resemble the south Yorkshire industrial wastelands with which our favourite chef is now all too familiar.

Gulf investors won't budge on Barclays rescue

Barclays risks derailing its £7bn Middle Eastern fund-raising if it tries to water down the terms of the deal to placate angry City investors. Sources in the Gulf states said yesterday that the Qatar Investment Authority and the Abu Dhabi royal family won't countenance any change to the cash call. Both the QIA and Sheikh Mansour bin Zayed Al Nahyan are said to be extremely happy with the deal as is.

IMF approves $2.1bn Iceland loan
The International Monetary Fund approves a $2.1bn (£1.4bn) loan for Iceland, after its banking system collapsed in October.
Downturn sees sharp rise in wage freezes

The number of manufacturing firms freezing pay or deferring wage increases has risen sharply to almost one in four in the last three months, a new report revealed today.

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