Business news for Mon, 17 Dec 2007 & with word turmoil. 8 news.

War in Iraq, Russia resurgent, China on the rise, turmoil in Pakistan and the credit crunch – the theme that links the most significant world events of the past year is the growing strain on the world's sole superpower, writes Gideon Rachman

A new report underscores worries about Britain's future economic health

European stocks fell, tracking an Asian market selloff, as the U.S. inflation outlook and continued credit-market turmoil spooked investors.

SINGAPORE (Reuters) - Asian share markets, already ragged after five months of turmoil, fell deeper on Monday as rising U.S. inflation and high oil prices fanned concerns the Federal Reserve may be unable to make deeper rate cuts to prevent a possible recession.

A hypothetical increase in inflation targets would turn the current turmoil into an uncontrolled financial crisis, writes Wolfgang Munchau

The regulator will warn that the credibility of companies' accounts is at risk following the market turmoil as it is set to issue guidance for corporate reporting

European investors seeking solace -- and safety -- in deals for financing infrastructure such as toll roads and utility companies can take heart: Most scheduled for 2008 will go off as planned despite the debt-market turmoil.

The Bank of England and CBI have issued new warnings about the future health of Britain's economy, expressing concerns about the ongoing credit crisis, and revealing a continued deterioration in business and consumer confidence.