Afternoon all. Friday's market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
Saturday
World leaders have pledged to part-nationalise swathes of the global banking system as part of a drastic international plan to halt the panic gripping financial markets and prevent the crisis from descending into a global depression.
World leaders pledge to part-nationalise swathes of global banking
The details of the five-poing rescue plan drawn up to stem the global financial crisis.
G7 meeting: The five-point rescue plan
A string of countries face the risk of "going bust" as financial panic sweeps Asia, Eastern Europe, and Latin America, raising the spectre of a strategic crisis in some of the world's most dangerous spots.
Countries at risk of bankruptcy from Pakistan to Baltics
The IMF has promised to deliver swift assistance to countries grappling with severe economic difficulties. The Managing Director of the IMF, Dominique Strauss-Kahn, said yesterday that the IMF Board had approved the use of the funds Emergency Funding Mechanism, which means that funds can be delivered within two weeks, bypassing the usual, more protracted procedures.
IMF promises swift assistance to troubled countries
China looks likely to emerge stronger in the weakened financial system after weathering its own crises of unrest in Tibet and the Sichuan earthquake this year.
Powerhouse hopes to stand firm in storm
The pound has slumped to its lowest level against the dollar in five years as mounting fears over the health of the UK economy sent sterling crashing.
Pound at lowest level against dollar in five years
Britains leading blue-chip retirement schemes could be faced with a 15 billion funding shortfall as a direct result of the rout in share markets yesterday, according to a leading pensions expert.
Pension fund shortfall could widen to 50bn after share rout
Morgan Stanley shares dropped for a fifth day after Moody's Investors Service said it may reduce the US investment bank's credit rating on concern the financial crisis threatens earnings and investor confidence.
Morgan Stanley shares plunge on threat to credit rating
Derivatives traders were yesterday nervously picking their way through the wreckage of the Lehman Brothers bankruptcy in what was the biggest test to date of the unregulated $60 trillion (35.4 trillion) credit default swaps market.
Traders' worst fears realised at Lehmans auction
With part-nationalisation under the Government's 500 billion rescue package looming, they are hoping to spurn the taxpayers' offer of 25 billion to rebuild their battered finances and raise the money in the markets instead.
Lenders in final effort to save the face of capitalism
HBOS came under the spotlight amid talk that the integration of its integrated finance unit with Lloyds TSB could prove to be a problem to the merger of the two banks.
Bank merger hits problems over equity stakes
Sunday
Banking shares across the G7 nations could be suspended tomorrow as governments mount a desperate effort to implement rescue packages designed to repair the battered global financial system.
Darling ready to take control of banks
THE government will launch the biggest rescue of Britains high-street banks tomorrow when the UKs four biggest institutions ask for a 35 billion financial lifeline. The unprecedented move will make the government the biggest shareholder in at least two banks.
State to save HBOS and RBS
The chancellor must take emergency steps to prevent rail, water and power companies going bust in the global economic storm, former cabinet minister Peter Hain has warned.
Trains, water and power may be next in line for a bail-out
The world is on the brink of financial meltdown, the head of the International Monetary Fund (IMF) said last night. His bleak warning came as finance ministers tried to calm the frenzy in markets that saw share prices crash by more than 20% last week.
IMF warns that markets could collapse by another 20%
More than seven million people have seen the value of their company and private pension schemes slashed by a fifth as a result of plummeting share prices.
Plunging share prices take 150bn off pensions value
Morgan Stanley and Goldman Sachs, the last remaining independent investment banks, may receive cash injections from the American government as part of Treasury Secretary Henry Paulsons plan to buy stakes in financial institutions.
US Treasury waits in wings to save Morgan Stanley
PHILIP FALCONE, the American hedge-fund manager who made a killing by betting against the shares of HBOS, now has the UKs second-largest retail bank in his sights.
Philip Falcone shorts Santander
STERLING will continue to slide against the dollar as long as financial turbulence persists, analysts say, as international investors dump the pound and euro.
Pound 'will keep falling'
Instead of fleeing the dollar, Beijing looks set to buy a further $200bn to boost the bail-out.
China comes hesitantly to the rescue