The latest this morning,
- Fed considering emergency contingency powers to alleviate credit crisis: Treasury may borrow more money than it needs and leave the proceeds on deposit at the Fed; Fed may issue debt under its own name rather than the Treasury’s; or the Fed may ask Congress for immediate authority to pay interest on commercial-bank reserves -WSJ
- Source “close to top management” of China’s Baosteel says not aware of any move to buy BHP - Reuters.
- Bank of Japan says Japanese economic growth slowing, corporate profits levelling off - BOJ
- D1 Oils plans to raise £16.1m through placement of 64,384,000 new shares at 25p - Reuters
- Sacyr sells $3.1bn stake in French construction company Eiffage, ending year-long takeover struggle - Bloomberg
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