Global financial stability will be in jeopardy if low inflation lulls central banks into not raising interest rates when needed, the Bank for International Settlements has warned.
Trading in Takata shares was suspended at the opening of the stock market on Monday after a week of huge volatility. Photograph: Kazuhiro Nogi/AFP/Getty Images.
Whatever went wrong in the air off Australia's west coast on Sunday, it started quickly and violently, and it did not stop for far too long.
Royal Bank of Scotland is cutting 443 UK jobs dealing with business loans as it shifts many of the roles to India. The state-owned bank said it was moving the jobs, which help to handle loans for small businesses, as part of an ongoing cost-cutting drive.
The leading market indicator of economic distress is flashing orange again, challenging the US Federal Reserve's insistence on raising interest rates and the stock market's blithe march to record highs.