Morning all. Market reports:
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
Shares in London shot sharply higher amid growing signs that the international banking bail-out is slowly rekindling the stricken wholesale lending markets.
Markets soar as Libor starts to fall
The head of America's central bank has called for the US to consider distributing a second fiscal stimulus package to kick-start the country's ailing economy.
Ben Bernanke urges US to consider second bail-out
Government borrowing is rising at its fastest rate since records began after the Second World War, official figures show.
Government debt rising at fastest rate since 1946
The collapse in mortgage lending continued last month as banks further tightened the screws on home loans and would-be buyers shied away from the plunging housing market, new figures confirmed today.
Collapse in mortgage lending intensifies
Frances top six banks are to receive a 10.5 billion (8.2 billion) cash injection from the Government by the end of the year in a move designed to oil the wheels of a rusting economy, Christine Lagarde, the Finance Minister, said last night.
French Government to inject 10.5bn into top six banks
THE crisis consuming global markets is part of a fundamental shift of power from the US to emerging economies in China and the Middle East, according to Stephen Green, chairman of HSBC.
Financial crisis is shifting power to Asia, says HSBC boss Stephen Green
The US government has joined forces with Andrew Cuomo, the New York attorney general, to investigate the market for credit default swaps, a derivative contract used to insure debt. The probe seeks to "determine whether any federal laws have been violated" in the CDS market and will complement an earlier inquiry by Mr Cuomos office.
US government to launch CDS investigation