Rattled Russia orders markets to stay closed: Medvedev says they can open Friday, vows to prevent meltdown China accuses US of financial WMD: Chinese state media has blamed the US for unleashing financial "weapons of mass destruction" and sparking a global market "tsunami". Morgan Stanley in Talks with China's CITIC; Morgan Stanley is in talks to possibly be acquired by China's CITIC, sources in the U.S. and China have told CNBC. 'Lehmans abandoned its UK staff': Ex-employee reveals riddle of missing billions : The US side of collapsed investment bank Lehman Brothers abandoned its employees at the London office, a senior insider at the bank has claimed. UK bank Lloyds buys rival HBOS: British bank Lloyds TSB has bought rival HBOS to create a £28bn ($50bn) mortgage company, after HBOS shares plummeted over fears for its financial stability. Consumer Confidence Plummets, Down 8% Overnight: Consumer confidence held up during the first few days of this tumultuous week on Wall Street, but fell 8% overnight. Investor confidence is still heading south at a more rapid pace and has fallen 15% since the weekend.
Thursday, 18 September 2008
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