Afternoon all. Friday's market reports:

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

Saturday

The Icelandic government is finalising a rescue plan for its crisis-hit economy – but has denied that it is considering nationalising Kaupthing, the country's largest bank.
Financial Crisis-hit Iceland draws up banking rescue plan

Ministers are preparing an array of emergency measures to shore up confidence in the financial sector after an emergency increase in guarantees for bank deposits to £50,000.
Emergency measures aim to stem outflow of corporate cash

A furious bust-up broke out between several of America's biggest high-street banks yesterday as Citigroup threatened to sue its west coast rival Wells Fargo for muscling in on an agreed takeover of the struggling financial services group Wachovia.
Citigroup furious after Wells Fargo hijacks Wachovia takeover

Sunday

On Friday, the US finally delivered a bailout designed to stabilise the worldwide banking crisis that threatened to plunge the world into depression. But financiers fear worse is to come.
America and Europe attempt to stave off financial meltdown

Gordon Brown has won heavyweight European backing for a £12 billion immediate rescue package for small businesses in peril because of the credit crunch.
European leaders agree to £12bn financial crisis rescue package

Another top European bank is on the brink of collapse after a consortium of German financial institutions withdrew from a state-led rescue plan agreed two days ago.
Hypo Real Estate on brink of collapse

Britain's biggest businesses are heading for a major cashflow crisis in the impending months as they have to refinance more than £50bn worth of debt.
Companies face £50bn funding crisis

Euler Hermes, one of the UK's biggest credit insurers, has withdrawn cover for suppliers to a number of retailers run by the troubled Icelandic investment group Baugur.
Credit insurer retreats from Baugur after Icelandic bank fails

Credit insurers are refusing to provide cover for suppliers to JJB, raising questions about the troubled retailer’s future.
JJB Sports under pressure as insurers pull plug

Arnold Schwarzenegger has warned that California may need an emergency loan of up to $7 billion (£3.9 billion) from the federal government within weeks because of the credit crisis.
Arnold Schwarzenegger: California needs $7 billion loan to fend off credit crisis

JP MORGAN has been accused by its Wall Street rivals of dealing the final hammer blow that forced Lehman Brothers into collapse in a sensational claim that threatens to spark a colossal legal battle.
JP Morgan ‘brought down’ Lehman Brothers

New questions have been raised about the $700 billion economic bail-out of the US economy as President George W. Bush warned that the world may have to wait weeks for the benefits of the rescue package to be felt.
Bail-out leads to conflict of interest claims as Wall Street financiers cash in on crisis

Interest rates in Britain will drop to a new 50-year low in the coming months, economists say, as the Bank of England tries to head off a serious recession. The Bank’s monetary policy committee (MPC) is expected to start the process by cutting rates this week.
Interest rates to drop to 50-year low

It has been defined by long periods of growth, followed by convulsions induced mainly by financial crisis. 2008 has all the hallmarks of another such trauma. Will Hutton looks at our economic system's ups and downs.
A short history of capitalism's rise and fall

Morning all. Today's newspapers:

The credit crisis, which has been building slowly for the past year, is now moving so fast that governments around the world are finding it impossible to keep pace.
Worst-case scenario is approaching rapidly

Banks urged accounting chiefs to rush through new rules on valuing illiquid assets yesterday, calling it a key measure in stabilising financial markets.
Bankers see valuation as potential turning point

One of Italy's largest banks outlined its plans for survival last night as UniCredit said that it was seeking up to €6.6 billion in fresh funds.
Italy's second-largest bank UniCredit sells off stock in survival bid

Radical plans for the Treasury to take shareholdings in the UK's biggest high-street banks are being drawn up.
Government could take shares in high street banks

Iceland's prime minister Geir Haarde has admitted he is in a race against time to negotiate a rescue deal for the country’s ailing financial system that could include a merger of some of the nation’s banks.
Iceland prime minister in race against time to negotiate financial rescue deal

Iceland was seeking the financial help of the US and Scandinavian countries last night as politicians and businessmen scrambled to save the country’s economy.
Stricken Iceland sends out financial SOS

PRESS DIGEST - Washington Post Business - Oct. 6PRESS DIGEST - Wall Street Journal - Oct 6PRESS DIGEST - British business - Oct 6PRESS DIGEST - Financial Times - Oct 6

UK AT A GLANCE UK Stocks -- Factors to watch on Oct 6

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

VIX

PRESS DIGEST - New York Times business news - Oct 6

STOCKS NEWS EUROPE-Futures point to sharp declines in shares

STOCKS NEWS EUROPE-UK Small Caps fall 2.3 pct

Asian stock market summary

TFN NEWS BRIEFING: Aerospace and transportation highlights to 09:10 BST

TFN NEWS BRIEFING: Oil and utilities highlights to 09:15 BSTTFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BSTTFN NEWS BRIEFING: Consumer and retailing highlights to 09:15 BSTTFN NEWS BRIEFING: TMT highlights to 09:10 BSTTFN NEWS BRIEFING: Pharmaceuticals and chemicals highlights to 09:10 BST

TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST

TFN NEWS BRIEFING: Macroeconomics highlights to 10:10 BST

STOCKS NEWS EUROPE-Qiagen rises on molecular diagnostics hopes

STOCKS NEWS EUROPE-DAX volatility index hits all-time high

Precious Metals Summary - London AM Fixings

STOCKS NEWS EUROPE-UK Small Caps fall 4.2 pct