Asia slumps amid bail-out U-turn

Stock markets fall on US worries
Shares in Europe and Asia fall sharply on continued concerns about the health of the US economy.

Asian markets fall on US worries
Stock markets in Asia fall sharply on continued concerns about a possible US recession.

China to allow freer yuan trades
China says its currency can be used to settle trade in Asia, as it steps up efforts to limit damage from the global downturn.

Russia's industrial output slumps
Russian industrial output dropped 10.8% during November, fuelling fears the economy faces a recession.

Investors hit out on '$50bn con'
An investment fund that counted itself a client of an alleged $50bn Wall Street fraudster criticises "systemic failure" by US regulators.