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Lunch Wrap

On FT Alphaville this morning,

- Moody’s has short term debt put on ratings watch negative by S&P.

- It’s good to talk: China reorganises telecoms industry and sees stocks rocket.

- Friday epic: last of the Romans or a wonk’s history of the credit crisis.

- Rating actions are the main driver behind CDO defaults.

- The number of corporate defaults – 28 and counting – is on the move upwards.

- Lloyds, Silverjet and the miners in Markets Live.

On FT.com,

- SEC to look at Moody’s.

- Silverjet suspends shares amid funding crisis.

- London hedge fund Brevan Howard readied for flotation.

- GDP grows at slowest pace in three years.

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