Lower oil prices have provided a little support to equity markets in the last few days, but it is worth noting that agricultural commodities have been dropping back too. The scene is being set for...

The world’s major economies are being battered to varying degrees by a “perfect storm” of soaring commodity prices, the credit crunch, and collapsing housing markets.

The Bank of England’s Financial Stability Report, published this morning, suggests that the worst of the global financial crisis may now be over. The immediate threat of a full-blown meltdown has...