The safest way to let banks fail

Imposing losses on creditors will help resolve banks without the use of taxpayer money. But this alone won't be enough in a systemic crisis.   By GUNNAR HÖKMARK Swedish member of the

Nikkei rebound prompts strong selling on yen

Japanese stocks strengthened as Asian shares edged higher on Tuesday, although investors were still awaiting direction from U.S. and U.K. markets when they resume trade after holidays on Monday, following last week's