Financial Times Headlines 8/9

Financial Times - US homepage

Europe slumps in extreme volatility

An initial rally in European bourses has swiftly faded as traders endure another session of extreme volatility http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/7AZZT0/7V/h?a1=2011&a2=8&a3=9

Brent crude dips below $100

Oil prices hit six-month lows on fears of global slowdown http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/97MMGA/7V/h?a1=2011&a2=8&a3=9

FTSE 100 dips into bear market

The heavy selling continues after a brief opening rally, with financial stocks at the forefront of the sell-off http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/QN33KE/7V/h?a1=2011&a2=8&a3=9

Trichet urges quick eurozone reforms

President of the European Central Bank gives first confirmation that the institution is buying European bonds http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/30CCUV/7V/h?a1=2011&a2=8&a3=9

HSBC in talks to sell US credit card business

Reports that Capital One, the US-headquartered banking group, in advanced negotiations to buy the unit. http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/5V2218/7V/h?a1=2011&a2=8&a3=9

Financial Times - Financial markets news

Expect casualties from resource sector M&A

Opportunities are emerging as stock prices weaken, but at great risk, writes Javier Blas http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/16OONU/7V/h?a1=2011&a2=8&a3=9

Swiss franc surges to record highs

Switzerland’s currency surges to record highs against the dollar and the euro as investors seek a haven http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/7AZZH5/7V/h?a1=2011&a2=8&a3=9

Gold surges as range of havens narrows

Gold and the Swiss franc hit record levels as investors pour money into an ever-narrowing range of “safe” assets http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/KQ997X/7V/h?a1=2011&a2=8&a3=9

Financial Times - World

China inflation rises to 6.5% in July

Despite the increase there are indications that price rises may have peaked after 10 successive months of monetary tightening http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/97MMGZ/7V/h?a1=2011&a2=8&a3=9

FT.com - US

Fannie Mae and Freddie Mac downgraded

Standard & Poor's on Monday cut the triple A credit rating of government-backed mortgage financiers Fannie Mae and Freddie Mac http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/KQ99MQ/7V/h?a1=2011&a2=8&a3=9

Tepco suffers US$7.4bn quarterly loss

Owner of the Fukushima Daiichi power station counts the costs of compensating those affected by the nuclear disaster http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/R3PPDR/7V/h?a1=2011&a2=8&a3=9

Data Watch

The latest key economic indicators from round the world http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/16OO32/7V/h?a1=2011&a2=8&a3=9

FT.com - Companies US & Canada

Transatlantic Re rejects Warren Buffett bid

Reinsurer has spurned a $52 a share proposal by National Indemnity, saying the offer does not constitute a superior offer http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/KQ99MJ/7V/h?a1=2011&a2=8&a3=9

US financial stocks suffer big sell-off

Regulators convened an emergency conference call of the Financial Stability Oversight Council, but said there was no evidence of broader systemic instability http://link.ft.com/r/QM42II/B5WIGK/0GB0NQ/0GTFBD/YBGGRG/7V/h?a1=2011&a2=8&a3=9