13th September 2011
From the New York Times, Even as European investors race to abandon shares in French banks, on this side of the Atlantic, banks, brokerages and other American financial institutions are quietly reducing their exposure too, turning down requests for fresh loans from the euro currency region and seeking alternative investments.
Hopes for Britain's troubled economy have been dealt another blow after a key indicator suggested growth is slowing at its fastest pace in more than a year, reports the Telegraph.
While in the Guardian they are reporting a more global outlook, commodities prices tumble after report says all areas of the world are slowing down for the first time since the financial crisis.
Also from the Guardian, China could step in to help rescue Europe from its debt crisis after holding top-level talks with Italy's finance minister.
German Chancellor Angela Merkel has sought to calm nerves over a possible Greek default, saying the eurozone bloc must stick together, reports the BBC.
The Wall Street Journal is discussing how the markets are looking after news from around the eurozone, European stocks turned lower Tuesday as investors expressed doubt over whether potential Chinese purchases of Italian bonds can ease the euro zone's sovereign-debt crisis.
Inflation rate data is out, from Reuters, Inflation accelerated as expected in August, driven by record annual increases in clothing, footwear and furniture and the biggest rise in household bills in 2 years, official data showed on Tuesday.
Banks should be forced to make clear to their customers that they could get a better deal elsewhere, the Vickers report said, from This is Money.
And in the Financial Times, a hedge fund manager who paid more than $5m in charity auctions to have lunch with Warren Buffett has been hired to be part of the team that will oversee Berkshire Hathaway's investments after the "Oracle of Omaha" leaves the company.