Morning all. Market reports:

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

Stocks slumped Wednesday, with the Dow losing over 200 points, as oil prices crossed the $123 a barrel mark, giving investors a reason to pull back after the recent rally.
Oil spikes, stocks tank

The US Securities and Exchange Commission (SEC) is forcing American banks to secure more capital for longer periods to protect themselves from even more drastic events than the collapse of a US investment house.
SEC is forcing US banks to line up more capital as protection

The Federal Reserve is adding another weapon to its armoury for dealing with the credit crisis, with plans that would allow it to pay interest on deposits from thousands of US banks.
Fed set to pay interest on banks' deposits

Building societies need to beef up their boards and improve their succession planning, the Financial Services Authority urged yesterday, warning that some of them had been too slow to react to the credit crunch.
Building societies getting too deep into buy-to-let risk, regulator warns

THE exodus gathers pace as companies consider leaving the UK to escape its increasingly high and capricious taxes. Shire, the pharmaceuticals group, made news when it chose to domicile in Ireland, but several others have let it be known they are potential travelling companions.
Gordon Brown is driving out cash as well as people

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng ended the morning down 185.31 points at 25,424.9,
while the Nikkei was recently off 118.06 points at 13,984.42.

The record of $123.87 reached by New York's main oil futures contract, light sweet
crude for June delivery, slightly exceeded the old intraday high of $123.80 reached
on Wednesday at the New York Mercantile Exchange.

The contract later traded six cents lower at $123.47 a barrel in Asia from its
record close of $123.53 in New York.

Happy trading!

G.

The "UPS for the week are doing well
LONR
AHT
PDG

End-of-day Market Roundup