Bank of England has no plans to slash rates. The UK economy is "not suffering to the extent that the American economy is." Telegraph Or is it? See below.
UK forecast for GDP growth is lowered to 1.7%. Troubled credit markets, commodity prices, slowing demand will slow economy. Telegraph
In Australia, REITS will "have to endure worsening ride before the market settles." Warning made by property managers. Sydney Morning Herald
US home mortgage deduction played a big role in housing crisis. Encourages high loan to value ratios. Opinion piece. Globe and Mail
Pepsi will buy 76% of Russia's largest juice maker. Coke acquired number two in 2005. Wall Street Journal
Barron's names world's best CEO's. Barron's List includes Warren Buffet and George David of United Technologies.
Australia REIT Centro told to sell assets, reduce debt. Market cap of $6.9 billion six months ago is now $232.4 million. Sydney Morning Herald
Financial crisis the worst since World War II? Economist with common sense: "where there is no credit bubble, there can be no credit burst." Deutsche Welle
MFS property group defaults on $184 m loan from RBS. "11,000 investors face significant losses," as fund redemptions are frozen. Sydney Morning Herald
Jaguar and Land Rover sold to India's Tata Motors (NYSE: TTM) for $2.3 B. Ford has owned the two brands for 20 years. Telegraph
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