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Traders Thread - Thursday 9th October     

Greystone - 08 Oct 2008 17:12

Kyoto - 09 Oct 2008 06:33 - 3 of 34

Morning all. Market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

Hank Paulson, the US Treasury Secretary, has warned that more banks and businesses will fail amid the financial crisis despite Americas $700 billion bail-out plan.
Hank Paulson warns that more banks and businesses will fail

The US Treasury Department is considering taking ownership stakes in many US banks in a bid to restore confidence in the battered financial system, reports the NYT. US officials told the paper that the $700bn bailout bill gives them authority to inject cash directly into banks that request it, a move that would quickly strengthen banks balance sheets and hopefully persuade them to resume lending.
US Treasury considers buying bank stakes

The International Monetary Fund has slashed its growth forecast for the UK by more than any other major country in the world, as it warned that the UK is heading into recession.
IMF slashes UK forecast and warns of recession

Banks continued to hoard their cash, with long-term inter-bank lending remaining at a standstill despite the announcement of the Chancellor's UK bail-out plan.
Inter-bank lending still frozen despite bail-out

Lloyds TSB is renegotiating the terms of its planned takeover of mortgage lender HBOS, The Daily Telegraph has learned.
Lloyds TSB seeks new terms for HBOS deal

The Federal Reserve uses emergency powers to authorise a further $38 billion loan to AIG to prevent it going bankrupt.
AIG thrown a further $38bn lifeline

Dozens of local councils risk losing hundreds of millions of pounds of taxpayers money held in Icelands stricken banks. Town halls across the country may have to raise council tax and cut services as the repercussions of the collapse of the Icelandic economy broadened into a diplomatic row with Britain.
Town hall millions may be lost in Iceland

Robert Tchenguiz, the UK-based property entrepreneur, lost 1bn in just 24 hours after being forced to offload his stakes in J Sainsbury and Mitchells & Butlers as the fallout of the Icelandic banking crisis hit corporate UK.
UKs Tchenguiz loses 1bn on stake sale

Kyoto - 09 Oct 2008 06:33 - 4 of 34

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Kyoto - 09 Oct 2008 07:39 - 6 of 34

PRESS DIGEST - New York Times business news - Oct 9

Kyoto - 09 Oct 2008 12:45 - 28 of 34

Precious Metals Summary - London AM Fixings

Kyoto - 09 Oct 2008 13:00 - 29 of 34

STOCKS NEWS EUROPE-UK Small Caps gain 0.5 pct midday

Kyoto - 09 Oct 2008 15:52 - 31 of 34

Precious Metals Summary - London PM Fixings
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