Wednesday, March 25, 2009

3 articles in the Financial Times on 25 March 09: Ominous signes

Public finance fears hit gilts auction

By David Oakley, Capital Markets Correspondent

Published: March 25 2009 12:32 | Last updated: March 25 2009 15:43

A UK government bond auction failed for the first time in seven years on Wednesday as investors refused to buy the securities because of worries over the country’s deteriorating public finances.

US willing to look at China currency proposal

By Krishna Guha and Tom Braithwaite in Washington and Peter Garnham in London

Published: March 25 2009 14:19 | Last updated: March 25 2009 20:27

The dollar fell briefly on Wednesday after US Treasury secretary Tim Geithner said he was open to exploring a Chinese proposal to reduce reliance on the US dollar as the world’s reserve currency.

Sir Fred Goodwin’s house attacked

By Andrew Bolger, Scotland Correspondent

Published: March 25 2009 10:00 | Last updated: March 25 2009 17:40

Police were guarding the Edinburgh home of Sir Fred Goodwin, former chief executive of Royal Bank of Scotland, on Wednesday after it was attacked overnight.

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