Monday's newspapers:
Currency and stock trading in Tokyo lurched through a morning session of extreme volatility as speculation mounted on dealing floors that the Japanese government may be preparing to intervene to weaken the yen.
Nikkei crashes to 26 year low
Stock markets across Asia have continued their nervous decline, apart from in Japan, where rumours of an enormous government bail-out steadied the Nikkei.
Asian markets drop again amid global turmoil
Pressure is mounting on the Bank of England for an emergency interest rate cut this week as the severity of the global downturn wreaks more havoc.
Bank of England under pressure for early cut in interest rate
The US Federal Reserve is expected to cut interest rates again this week amid mounting speculation of a new round of coordinated international action to halt the panic that has swept the world's financial markets.
Fed expected to lead round of rate cuts
When this man predicted a global financial crisis more than a year ago, people laughed. Not any more...
Nouriel Roubini: I fear the worst is yet to come
British insurance companies will not be bailed out by the United States,The Times has learnt. It is understood that, although Henry Paulson, the US Treasury Secretary, was prepared to listen to appeals for cash from British and American insurers, he is adamant that US bailout funds will go only to federally regulated financial institutions that lend money.
Henry Paulson closes door on hopes of bailout for UK insurers
European companies are set to issue a wave of profit warnings in coming months as earnings are expected to fall by about 40 per cent by the end of 2009.
Wave of profit warnings expected
The European commission has given leading players in the 380tn derivatives market until the end of the year to come up with "concrete proposals" to reduce the risks these complex products pose to the financial system.
Brussels begins crackdown on complex trading