International - Financial Times - Credit Squeeze

Markets gyrated after conflicting messages on size of July cut

Further devaluation will not make the UK more competitive

Your daily briefing on the news

Dovish remarks from top Fed official deepen expectations for new ECB stimulus

Two books try to make sense of what has gone wrong — but ignore the successes of emerging markets

Companies to build facility where testing data can be stored in China

Bank comments after John Williams’ remarks stoke expectations of aggressive rate cut

Stand-off with US could lead to appellate body seizing up in December

Ministers make progress on compromise after US and France clashed over big tech levies

Group says cryptocurrencies may destabilise global economy without regulations

Policymakers cite ‘persistently uncertain environment’ for decision

Since the crisis, financing has become much more costly

The Trump administration may try to force the dollar down, but probably without success

Economists’ innovative ideas are quickly moving from radical to mainstream

Shares down as much as 10% after Europe’s largest software maker falls short of expectations

Governor points to Japan trade restrictions and deteriorating economic conditions

Latest fall in imports takes trade balance into surplus

Greater access to digital bank accounts in developing world will particularly help women