Fed rate rise boosts dollar

Equities and commodities shunned as caution returns

• Fed to lift discount rate as 'exit' begins
• Treasuries fall as Fed lifts bank discount rate
• Nikkei hurt by resource-linked shares

From WORLD 8:20am

India and Pakistan open talks despite misgivings

Chidambaram plays down chance of full dialogue

• India takes measured tone over blast
• Nine die in India’s first big attack since Mumbai

From COMPANIES 2:11am

Toyota chief agrees to testify

Transport minister says Toyoda’s U-turn ‘regrettable'

• Lawyer’s documents add to Toyota’s trouble
• Text Towns letter to Toyoda
• In depth Toyota
• Opinion Toyota’s woes can spark new thinking

From WORLD 9:05am

Nato casualties heavy in Marjah offensive

Six soldiers killed in drive to rid town of Taliban insurgents

• Islamabad steps up terror arrests
• Marjah’s real test will come after offensive

From WORLD 5:34am

Fed to lift discount rate as 'exit' begins

Asia stocks fall to two-week low

• FT Alphaville Did the discount rate hike leak?
• Money Supply Fed increases discount rate
• Treasuries fall as Fed lifts bank discount rate