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Senate Democrats and the White House fail to find 60 votes to end debate on a $14 billion bailout bill for U.S. automakers and bring it to a vote, killing the measure for the year.
Auto bailout bill dies in Senate

Europe's leaders have reached agreement on a 177 billion "fiscal stimulus" plan aimed at kick starting the EU economy.
EU leaders agree fiscal stimulus plan

The Swiss National Bank has cut interest rates to 0.5pc and opened the door for emergency stimulus, becoming the first country in Europe to flirt with zero policy rates.
Switzerland may have to print money to stave off deflation

Japans deeply embattled Prime Minister, Taro Aso, is today expected unveil an additional Y6 trillion economic stimulus package in a last-ditch bid to rescue the worlds second biggest economy from its sharpest recessionary plunge since the Second World War.
Japan to unveil new stimulus package ahead of economic summit

The pound crashed to a record low against the euro and a range of other currencies yesterday after grim statistics on UK factory orders added to a recent stream of negative data showing the state of the British economy deteriorating sharply.
Pound plunges to new low against the euro

Global demand for oil will fall this year for the first time since 1983, the International Energy Authority (IEA) predicted yesterday. The announcement sparked fresh speculation that oil producers will reduce supplies next week.
Oil demand will fall for first time in 25 years, energy body predicts

Bernard Madoff, founder of Bernard Madoff Investment Securities and a former chairman of the Nasdaq stock market, was on Thursday charged by federal prosecutors with a multibillion-dollar securities fraud. Out of more than $17bn in assets under management by Mr Madoffs firm at the start of 2008, essentially all the assets appear to be missing, the SEC alleged.
SEC, FBI accuse Bernard Madoff of fraud of epic proportions

PRESS DIGEST - New York Times business news - Dec 12

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX

Good morning traders!

In Asia today, the Nikkei closed down 484.68 points (5.6%) at 8,235.87, while
the Hang Seng ended the morning session down 1,076.69 points (6.9%) at
14,537.21.

Happy Friday!

G.

UK at a Glance-UK Stocks -- Factors to watch on Dec 12PRESS DIGEST - Washington Post - Dec. 12

The Friday Press Roundup

UK at a Glance-UK Stocks -- Factors to watch on Dec 12

Glance-STOCKS NEWS EUROPE-Alcatel outlook drags down European techsGlance-STOCKS NEWS EUROPE-UK Small Caps down 1.2 percent early

Glance-STOCKS NEWS EUROPE-Erste drops as outlook fails to calm concerns

Glance-STOCKS NEWS EUROPE-Polar Capital falls after profit dives

Glance-STOCKS NEWS EUROPE-Asian Citrus up; Libertas says 'buy'

Glance-STOCKS NEWS EUROPE-Amiad Filtration falls; Panmure downgrades

Glance-STOCKS NEWS EUROPE-Intesa SP down after retail head quits

Glance-STOCKS NEWS EUROPE-European automakers CDS jump widerGlance-STOCKS NEWS EUROPE-Travis Perkins gains, reassures on earnings

Glance-STOCKS NEWS EUROPE-Aker Solutions falls on Goldman downgrade

Glance-STOCKS NEWS EUROPE-Cattles down as Citi downgrades to 'hold'

Glance-STOCKS NEWS EUROPE-Autoliv falls on U.S. auto bailout collapse

Glance-STOCKS NEWS EUROPE-Gameloft falls after cuts targetsGlance-STOCKS NEWS EUROPE-Gameloft falls after cuts targets

Glance-STOCKS NEWS EUROPE-Chrysalis down as offer talks end

End-of-day Market Overview