Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Independent
The Guardian
This is Money
Consumer expectations in America have plummeted to their lowest level since the Watergate crisis and the oil embargo in 1973, while US house prices are now falling at the fastest pace since records began.
US consumer optimism at Watergate low
More than 20,000 people are forecast to lose their jobs on Wall Street as the credit crunch bites into business at financial institutions over the next two years.
20,000 Wall Street jobs at risk
JP Morgan's raised offer of $1.2bn (600m) for collapsed Wall Street bank Bear Stearns is facing legal challenges from investors who complain the board is using a legal loophole to coerce them into agreeing to a hasty sale.
Investors threaten to block big share issue
Wall Street pulled $10.4 billion (5.19 billion) of cash and other highly liquid assets out of Bear Stearns in a single day this month, leaving it with only $2 billion and forcing the stricken securities firm to approach JPMorgan Chase in desperation, it emerged yesterday.
The day Wall Street pulled $10bn from Bear Stearns and forced sale
Citigroup has called for radical measures to end Britain's financial crisis, rebuking the Bank of England for moving too slowly to meet liquidity needs and waiting too long to head off an economic downturn.
Citigroup slams BoE for risking damage to real economy
Activity in the UK housing market is set to fall to its lowest level in more than 30 years, according to a leading estate agent.
UK housing market 'set for 30-year low'
Vales $90 billion (45 billion) takeover approach to Xstrata, its fellow miner, has collapsed. The Brazilian group was unable to reach a deal with Xstrata and its largest shareholder Glencore, the Swiss commodities trader, and, after months of talks, both sides have walked away.
Xstrata-Vale deal collapses as discussions hit stalemate
Fears that BP had become the latest victim of an ongoing power struggle between the Kremlin and Western energy groups were compounded when the Russian Interior Ministry said that it had launched a criminal investigation into allegations of large-scale tax evasion at a former unit of TNK-BP.
BP suspends 148 workers over visa dispute with Russia