Japanese stocks tumbled and the yen surged  after the central bank dashed investors’ hopes for more stimulus, leading to declines in most other world benchmarks after the Fed left interest rates unchanged. Photograph: AP Photo/Shizuo Kambayashi

The yen surged on Thursday after the Bank of Japan surprised markets by declining to boost its stimulus, battering Japanese stocks and briefly weighi(...)

All three major US indexes were up almost 2 per cent on Thursday. Photograph: Lucas Jackson/Reuters

Stock markets around the world rallied on Thursday and crude oil rebounded after strong US economic data and hints from a Federal Reserve policymake(...)

In his twice-yearly report to Congress on monetary policy, US Federal Reserve chairman Ben Bernanke  said the Fed’s bond- buying programme would cease by mid-2014, but stressed the plan was not set in stone. Photograph: Pete Marovich/Bloomberg

US Federal Reserve chairman Ben Bernanke gave a modest boost to stock markets around the world yesterday, by reassuring that the US central bank’s mon(...)