Economics / Markets

Dominique Strauss-Kahn resigning as head of the IMF, Japan's economy plunging back into recession and Lloyds Banking Group shareholders venting their anger over executive pay…we bring you today's top stories.

Dominique Strauss-Kahn this morning gave in to mounting pressure following his arrest for an alleged sexual assault by resigning from the IMF.

Lloyds Banking Group shareholders have voiced their disapproval over executive pay at the part-nationalised bank.

HM Revenue & Customs (HMRC) officers have arrested 15 people as part of an investigation into suspected money laundering offences in excess of £200m.

The Bank of England's Monetary Policy Committee (MPC) has remained split three ways on interest rates, minutes of its latest meeting show.

The Bank of England is right to hold interest rates at record lows of 0.5% as governor Mervyn King takes a long-term view, according to George Osborne.

The yen has plunged against a basket of currencies after the Bank of Japan said the economy lies in a perilous state.

HBOS is understood to be at the centre of Lloyds's admission it is one of several banks being investigated by US authorities for Libor manipulation.

Inflation rose to its highest level since September 2008 last month, reversing the previous month's retreat and breaking sterling's five-day decline against the dollar.

9am: The FTSE 100 is hovering around the 5,900 mark in early trading on the back of weakening metal prices sending mining stocks deep into the red.