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US growth slows in second quarter
US growth slowed to an annualised rate of 2.4 per cent in the second quarter but robust business demand suggested that the economy would avoid a feared “double dip” that could drag the world back into recession
Hollywood theme park scripted for India
Reliance Big Entertainment and Universal Studios are close to signing an agreement to build a $1.5bn film-themed resort with a Bollywood twist
Stage set for Fed bond ‘strippers’ to perform
‘Strips’, bonds that have been ‘stripped’ of their interest payments until maturity, tend to outperform regular bonds when interest rates fall sharply
Move to block BP from US drilling
BP would be blocked from winning future drilling permits in the US because of its safety record under energy legislation passed by the House of Representatives
China closer to becoming second-largest economy
A senior Beijing official’s reference to China as the ‘world’s second-largest economy’ has sparked excited speculation that Asia’s new powerhouse may have already reached a long-looming milestone by surpassing Japan
The world’s banks take a holiday from regulation
As they break for the summer with their bonuses intact, bankers reflect that it could have been a lot worse, writes John Gapper
Lunch with the FT: Alan Greenspan
The former US Federal Reserve chairman talks about the mistakes during his time at the government agency, his legacy and life out of the spotlight
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