Stephen Schwarzman, the chief executive of Blackstone, the private equity giant, predicted yesterday that America's credit crisis would worsen, and that the group had no idea when it would end.

Added: 2008-03-11

Blackstone bosses tell a grim tale while taking big pay rises

Category: varial news

Pit pony carrying top weight is set up for a crashing fall

If alistair Darling were a runner at this week's Cheltenham Festival, his form would read FFFF. Presented with an obstacle, he falls every time. Very few chancellors have been led into an inaugural Budget with such a pitiful track record, and it seems unlikely that his trainer will give him a second chance.

Baby with two faces worshipped as Hindu god

A baby girl born with two faces in a north Indian village is being worshipped as the reincarnation of the Hindu god, Lord Ganesha.

MPC leaves rates on hold at 5.25%

The Bank's gradual approach to cutting rates reflects its concern that the risks to its medium-term inflation target from persistent price pressures could be as great as those from the credit squeeze